The chief executives of U.S. meatpackers Cargill, Tyson Foods, JBS and National Beef Packing have agreed to testify at a Congressional hearing discussing cattle markets and price increases for consumers.
China’s state planner said on Friday it will buy another 40,000 tonnes of frozen pork for state reserves in its fourth round of stockpiling this year to support prices.
Livestock farmers, including those who previously paid to have animal waste removed, have found a fertile side business selling to grain farmers. Equipment firms that make manure spreading equipment are also benefiting.
The European Commission wants to tighten EU rules on pollution from industry, taking aim at intensive livestock farming and the extraction of minerals including lithium, according to a draft document seen by Reuters.
The White House is considering temporarily removing restrictions on summer sales of higher-ethanol gasoline blends as a way to lower fuel costs for U.S. consumers, three sources familiar with the matter told Reuters.
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.
China’s pig farmers, suffering record losses due to surging feed costs and weak hog demand, are switching to lower quality grain from pricier soymeal and even selling off assets in a bid for survival.
The U.S. Department of Agriculture (USDA) allowed three pork plants to increase processing line speeds this month as part of a trial program, reviving a policy that started under the Trump administration.
