Chinese pork processing giant WH Group Ltd on Monday reported a 7.2% rise in annual profit to $1.043 billion driven by higher sales in the U.S. and Europe.

Brazil’s largest producer of animal protein and largest exporter of poultry, BRF, was authorized by Vietnam to export pork from a Mato Grosso plant. It plans to double its shipments to the Asian country.

Lawmakers introduce a bill to send an energy rebate any month the national average gas price exceeds $4 per gallon for the remainder of 2022.

USDA now expects food price inflation in 2022 to be from 4.5% to 5.5%, compared with 2021, based on the all-food Consumer Price Index. No category shows a potential decline.

Cash-traded feeder pig reported volume was below average this past week, with 8,415 head reported. Cash weaner pig reported prices were $119.89, up $2.02 per head from last week.

Under Secy. Moffitt says her objective is to ensure producers have access to USDA dollars: “We see there’s a need for qualified technical expertise to capture the projects for producers and MPPTA will address that.”