Leading EU pork exporter Spain on Monday said it was working with European Union officials to avoid damaging tariffs after Beijing said it would open an anti-dumping inquiry.
Europe’s pork industry faces a “nightmare scenario” of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said.
Chinese companies plan to request an anti-dumping investigation into imports of some pork products from the EU, the state-backed Global Times newspaper reported, citing an unidentified “business insider.”
Brazil revealed extensive losses of livestock from floods in the state of Rio Grande do Sul, likely leading to meat production disruptions. Hog farmers lost an estimated 12,600 head after floods submerged entire towns.
No H5N1 flu virus was found after cooking ground beef to medium to well done, USDA said in a briefing on Thursday after conducting a study as it addresses concerns over an outbreak of the disease in dairy cattle.
Shares of Brazil’s JBS SA rose 7% in early morning trading on Wednesday after the world’s largest meatpacker reported strong first-quarter results in spite of headwinds faced by its large U.S. beef business.
(Adds details from earnings statement) SAO PAULO, May 14 (Reuters) - Brazil’s JBS SA , the world’s largest meat-packer, on Tuesday reported a net profit of 1.64 billion reais ($319.74 million) for the first quarter,
China will allow imports of pig origin protein feed and pork offal from France effective immediately, according to statements from Chinese customs and the French farm ministry.
Inclement weather has forced meatpackers to fully or partially halt operations at 10 pork or poultry plants in Brazil’s southernmost state of Rio Grande do Sul, meat lobby ABPA said on Monday.
Tyson Foods surpassed Wall Street expectations for second-quarter profit on Monday, as it begins to reap the benefits of shutting some chicken processing plants to reduce costs.
