China’s soybean acreage may only slightly increase this year, an official said on Thursday, suggesting output is unlikely to match last year’s jump due to soft prices.
China’s first-quarter pork output rose 1.9% from a year earlier to 15.9 million metric tons, the highest quarter in five years, after farmers sold off pigs because of a surge in disease outbreaks.
A U.S. judge on Tuesday approved a $75 million settlement between Smithfield Foods, Inc. and a class of consumers who accused the pork producer of conspiring to restrict supply in order to keep prices artificially high.
A federal appeals court said Louisiana can enforce a state law forbidding companies from intentionally using misleading meat-like terms (i.e. sausage) when selling plant-based food, reversing a lower court ruling.
Chinese pork processing giant WH Group processed 30% more poultry last year. Competition in pork processing is growing in China, with more hog producers building slaughterhouses to integrate operations.
Tyson Foods gave its chicken suppliers two months’ notice of its plan to shut a Virginia processing plant in May, raising concerns among farmers and legal experts about Tyson’s compliance with antitrust regulations.
The management of Brazilian meatpacker JBS SA said on Wednesday it “will be selective” in relation to launching share buyback programs and also regarding acquisitions given instability in international markets.
Chilean authorities on Monday confirmed the South American country’s first outbreak of avian flu in poultry, prompting it to suspend chicken exports from the country.
Nineteen feral cattle have been shot from a helicopter by federal employees in a New Mexico wilderness area in a cull opposed by ranchers and criticized by the state’s governor.
