Smithfield venture in Mexico gets $40 million boost
The World Bank's private-sector lender said this week it will lend $40 million to Norson, a joint venture in Mexico of local investors and the world's largest pork processor Smithfield Foods, to expand production and cut greenhouse gas emissions at its plants.
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Lawmaker: Meat inspector layoffs a misguided way to cut budget
The threatened layoff of all U.S. meat inspectors for two weeks is a misguided way to cut federal spending and flouts the government's responsibility to assure a reliable food supply, a key lawmaker said on Wednesday.
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Smithfield, Kansas City Sausage form joint venture
Last week Smithfield Foods announced that it has signed a non-binding letter of intent to form a 50/50 joint venture with Kansas City Sausage Company, including its sister company, Pine Ridge Farms.
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Pork producer losses ease
Although U.S. pork producer margins remain mired in red ink, the losses eased for the week ending Jan. 11, according to calculations by Sterling Marketing, Vale, Ore.
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USMEF: U.S. 2012 pork exports to eclipse $6 billion
U.S. pork exports to Japan have rebounded nicely and could exceed $2 billion for the first time in a single year, according to the U.S. Meat Export Federation (USMEF). The performance of U.S. pork exports also has been very strong in Mexico, Central America and South America.
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U.S. pork exports buoy hopes for a profitable 2013
Pork producers are more than ready for a much-needed return to profitability. While the past six months have undoubtedly been a severe test, the situation may be about to improve substantially.
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Pork producer losses grow
Farrow-to-finish producers lost an average $40.38 per head for the week ending Dec. 28 compared to losses of $33.81 recorded the week before, according to calculations by Sterling Marketing, Vale, Ore.
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Pork producer losses ease
Although still mired in red ink, pork producer losses eased for the week ending Dec. 21, according to calculations by Sterling Marketing, Vale, Ore. Farrow-to-finish producers lost an average $33.81 per head for the week.
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Record U.S. pork exports occur at critical time
With U.S. pork production at a very high level and producers facing extremely high operating costs, record performance in the international marketplace came at a critical time for the U.S. industry.
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Pork producer losses mount, feedlot losses ease
Pork production losses grew again last week, according to calculations by Sterling Marketing, Vale, Ore. Farrow-to-finish producers lost an average $38.53 per head for the week ending Dec. 14.
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Russia restricts U.S. pork, beef imports
Meat imports to Russia from producers using ractopamine must be tested and certified free of the feed additive, the country's veterinary regulator said, denying the requirement is a political retaliation.
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