The U.S. pork industry has been expanding the breeding herd and growing since mid-2014. The rate of breeding herd expansion peaked in early 2018 at a 3.5% annual growth rate, according to ag economist Chris Hurt.
Brazil’s JBS SA, the world’s largest meatpacking company, said on Tuesday that rising prices for grain, the key raw material for feed, don’t show any hint of cooling off, forcing it to cut other costs.
JBS SA, the world’s largest meatpacking firm, remains intent on a stock market listing of subsidiary JBS Foods International BV in the United States despite corruption and food safety scandals, executives said,
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