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CME: Pork Processing Sector to Transition Over Next Two Years

2016-04-05 02:00:00| ThePigSite - Industry News

US - The US pork processing sector will be in transition the next two years. Two new state of the art US packing plants are under construction, one long-closed hog plant is expected to be modernized and reopen yet this year, a former cattle plant is planned for modernization and conversion to a hog plant, and in the last few weeks another has been added to the drawing board, write Steve Meyer and Len Steiner.

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Iowas welcomes new pork processing plants

2016-04-01 13:59:00| National Hog Farmer

This week the Iowa Economic Development Authority Board sweetened the pot for a new proposed pork processing plant, slated to be built in Mason City read more

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CME: Pork Cutout Value Showing Strength

2016-03-31 02:00:00| ThePigSite - Industry News

US - The pork cutout value has shown some strength lately, relative to last year’s depressed levels. For the week of 3/25/16 the national pork cutout value, reported by USDA-AMS, was $76.20 per cwt. compared to $67.02 one year ago, write Steve Meyer and Len Steiner.

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US Pork Producers Could See Modest Profits in 2016

2016-03-31 02:00:00| ThePigSite - Industry News

US - Smaller hog breeding herds and lower production costs could lead to modest profits for pork producers in 2016, Purdue University agricultural economist Chris Hurt says.

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Smithfield Foods sees sales of packaged, fresh pork divisions soar

2016-03-30 04:48:40| Food - Topix.net

Lower hog prices helped Smithfield's fresh pork and packaged meat businesses, but the cut in prices negatively affected the firm's hog raising operations in 2015. The Smithfield-based pork producing powerhouse, now a wholly-owned subsidiary of China-based WH Group Limited, recorded $14.4 billion in sales in 2015, according to a report filed with the Securities and Exchange Commission .

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