South Korea pork imports to slide from record high

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The boom in South Korea’s pork imports, after an outbreak of foot-and-mouth disease prompted the culling of one-third of the country’s pig herd, is to go into a – limited – reverse next year. South Korea’s pork imports, whose jump to an estimated 580,000 tonnes this year has helped lift Chicago hog futures to all-time…


CME: 2011 Beef & Pork Packer Margins Up

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US – In the past, record-high livestock prices such as we have seen this year usually meant that packers lost money by the boatload — but not so in 2011, write Steve Meyer and Len Steiner. Packer margins in both the beef and pork sectors have been exceptionally good for much of the year and…


Pork board criticises agriculture officials

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The high stakes involved in allowing imports of raw pork that might contain a potentially deadly pig disease could have meant agriculture officials took a more conservative approach, a judge has been told. "Ultimately if the worst happens they will be the ones in the public eye who carry the can," deputy solicitor-general Cheryl Gwyn…


Pork exports boost Hormel

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Boosted by strong pork exports sales of its Spam and Jennie-O turkey products, Hormel Foods Corp. of Austin, Minn., reported fiscal  third quarter earnings of $98.5 million, up 15 percent from net earnings of $85.4 million a year earlier. “We’re seeing strong export sales of pork products to Mexico, Canada and Asia,” said Hormel chief…


Chicken set to substitute pricy pork

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With pork prices skyrocketing, housewives are being encouraged to replace the meat with chicken to economise. The Animal Husbandry Department says prices of pork on the hoof have risen by 70-100 per cent within a year, and pigs currently cost VND64,000 per kilogramme in the South and VND65,000 to VND70,000 in the North. Nguyen Xuan…


NZ Pork Challenges MAF Import Standards

NEW ZEALAND – The pork industry is going back to the High Court in efforts to stop imports of uncooked pork. Radio New Zealand News, reports that New Zealand Pork is challenging revised import health standards issued by the Ministry of Agriculture in April. Those allow limited imports of fresh uncooked pig meat from countries…


Disease fears behind pork import opposition

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The board representing New Zealand pig farmers says concern about a potentially devastating disesase, not a protectionist agenda, is behind its opposition to raw pork imports. In the High Court at Wellington today, the New Zealand Pork Industry Board began its attempt to overturn a decision allowing some imports of consumer-ready cuts from countries with…


Continued Government Support for Pork Breeders

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CHINA – Sen Yu International Holdings, Inc. commented yesterday that it expects a continuation in government support of animal husbandry and rural infrastructure policies for agricultural products to benefit hog breeders on the back of rising hog prices. The Chinese government typically offers subsidies to help small-scale pig breeders control diseases and encourage them to…


China to Import More Pork

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CHINA – The central government is thought to be considering importing more pork in order to bring food inflation under control. China is expected to import more pork in the future if the domestic price of the country’s staple meat continues to rise, experts said. An official source reports that China’s consumer price index, an…


Record Pork and Hog Prices

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US – Strong export demand, light slaughter weights, and lower-than-expected hog slaughter are giving us record pork and hog prices, writes Ron Plain. The pork cut-out value rose for the sixth consecutive week and was above $110/cwt for the first time ever on both Monday and Wednesday of this week. USDA’s calculated pork cut-out value…


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