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GFM Network News

  • Photo: Getty Images Plus

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Tag Archives pork demand


Russian pork producers target EU’s share of China’s pork market
News, Reuters

Russian pork producers target EU’s share of China’s pork market

By Gleb Bryanski, Olga Popova, Reuters August 19, 2024
Russian pork producers are aiming to capture ten per cent of China's pork import market in the coming years from a standing start, seeking to take advantage of trade tensions between the European Union and China, the world's biggest pork consumer.

(TysonFoods.com)
General, Livestock, Reuters

Tyson Foods to close Iowa pork plant with 1,200 workers

Packer's pork business saw loss of $128 million in last fiscal year

By Reuters, Tom Polansek, GFM Network News March 11, 2024
Tyson Foods will permanently close a pork plant in Perry, Iowa, the meatpacker said on Monday, eliminating jobs for about 1,200 workers.


Photo: File/Reuters
General, Livestock, Reuters

China to encourage hog farmers to reduce capacity after price slump

Aggressive expansion in Chinese hog sector turns to mounting losses on demand downturn

By Reuters, GFM Network News January 23, 2024
China will "guide" farmers to reduce hog production capacity as it steps up regulation of the industry, the agriculture ministry said on Tuesday, after an aggressive expansion drive led to an oversupply of pigs and heavy losses.

(SmithfieldFoods.com)
General, Markets, Reuters

Smithfield Foods ends contracts with 26 US pig farms, citing oversupply

American pork producers have been losing money as pig prices, consumer demand bump against high costs

By Reuters, Tom Polansek, GFM Network News December 6, 2023
Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply.


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