China’s pork output in the third quarter rose 4.8% from a year ago to 12.69 million metric tons, the highest for the quarter in at least a decade, Reuters calculations based on official data showed.
China’s most-active hog futures DLHcv1 closed down 4% on Monday, the biggest decline in six weeks, as excess supply offset any boost to consumption from last week’s holiday.
The U.S. Department of Justice filed an antitrust lawsuit against data company, Agri Stats, on Thursday, alleging its reports on meat pricing and sales have enabled anticompetitive practices in three meat industries.
Almost 34,000 pigs at 12 farms in the northern Italian region of Lombardy have been culled to counter the spread of African swine fever, a spokesperson for the region said on Wednesday.
Environmental groups are pushing U.S. securities regulators to thwart JBS SA’s New York share listing over concerns about the world’s largest meatpacker’s impact on deforestation, climate change and other issues.
The Chinese government has asked Brazil to reduce a list of meat plants seeking authorization to export to the Asian country, a step that could help Beijing expedite the approval process.
France has obtained final approval for exporting pork to Australia, adding a new potential trade outlet for a sector that has faced fluctuating demand from top importer China.
Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the U.S. sandwich chain at up to $9.55 billion.
Meat producer and exporter Danish Crown on Wednesday said on Wednesday it plans to boost its earnings by 1.5 billion crowns annually ($220 million) within two years, part of the company’s ongoing restructuring.
Chinese pork processing giant WH Group Ltd expects hog prices in China to rise 10-20% in the second half of 2023 from the first six months, supported by stronger demand and smaller supply glut.
