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WH Group Announces 2020 Interim Results
WH Group Limited announced the unaudited consolidated interim results of the Company and its subsidiaries for the six months ended June 30, 2020.
• Revenue increased by 12.2% to US$12,481 million• Operating profit increased by 20.9% to US$925 million• Profit attributable to owners of the Company, before biological fair valueadjustments, increased by...
PODCAST: Calling All Pork People - ASF, Retail Demand, Exports, and More
In this week's segment Russell Barton discusses retail demand, slaughter, exports, African Swine Fever, and COVID-19...
ANALYSIS: Pork 2020 Comparison
The first half of 2020 was highly volatile in the pork market due to a myriad of factors. While cases of ASF continued to be reported across several...
Charoen Pokphand Foods Maintains Strict Preventive Measures Against ASF and COVID-19
Charoen Pokphand Foods PLC (CPF) will keep in place its strict preventive measures against African Swine Flu (ASF) in pigs and novel coronavirus (COVID-19) despite a low level of domestic transmission. Having been organized is employee training on New Normal farming that will concurrently protect both pigs and human and sustainably assure food safety for consumers.
Dr. Damnoen Chaturavittawong (D.V.M), Senior Vice President of Swine Veterinary Service Department at CPF, said that strict animal and human disease control measures have been continually practiced at the Company for both livestock and aquaculture businesses, as required by international standards. In the outbreak of ASF epidemic and COVID-19 pandemic, additional stringent measures and guidelines have been...
COVID-19 Overshadows African Swine Fever, but ASF’s Influence Prevails
African swine fever remains the dominant issue in global animal protein – as it has been since 2018. But COVID-19 further distorts the outlook, constraining production, consumption, and trade.
ASF is still the major influence on global pork markets, and it continues to impact pig herds and restrict pork production in China, Vietnam, the Philippines, and parts of eastern Europe. As Rabobank does not anticipate an effective vaccine against ASF to be commercially available in 2020, biosecurity measures remain the most effective defense.
Herd recovery is underway in China, and has been proceeding faster than expected, but a further significant drop in...
U.S. Pork Exports Reach New Heights in March; First Quarter Beef Exports Also on Record Pace
Underpinned by record production, U.S. pork exports completed a tremendous first quarter with new March records for volume and value, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports also trended higher year-over-year in March, establishing a record first quarter pace.
“March export results were very solid, especially given the COVID-19 related headwinds facing customers in many international markets at that time,” said USMEF President and CEO Dan Halstrom. “Stay-at-home orders created enormous challenges for many countries’ foodservice sectors, several key currencies slumped against the U.S. dollar and logistical obstacles surfaced in...
Rabobank Pork Quarterly Q2 2020: COVID-19 Crisis Disrupts Global Pork Industry
Rabobank expects continued volatility in pork prices in 2020, as disruption in local markets is balanced with product shortfalls in Asia.
“The combined effect of near-term demand destruction and processing interruptions due to labor constraints has weakened producer returns and will slow production growth. Weaker GDP growth could further pressure pork demand, compounding an already challenging operating environment,” according to Christine McCracken, Senior Animal Protein Analyst.
China: Hog price strength reflects slow herd recovery and demand recovery
Hog prices remain elevated on African swine fever (ASF) herd losses and a gradual recovery in the production sector. Producer interest in rebuilding remains...
ANALYSIS: Pork Bellies Collapse to 1999 Levels
The last time pork bellies were trading at this level, you were probably more concerned with Y2K than what to do with excess bellies. We’re forced to turn the history books back to 1999 to see...
ANALYSIS: Turkey Thigh Meat and Pork Hams: Feeling the Export Pressure
Marketers of turkey thigh meat and boneless pork hams are certainly no stranger to some cross-protein competition...
Rabobank: Coronavirus and African Swine Fever to Shake Up Global Poultry Markets
The outlook for global poultry in 2020 will be materially affected by the current coronavirus pandemic, and the ongoing African swine fever (ASF) challenges in the pork industry will bring additional complexity to global markets.
Rabobank expects a further drop in pork production in Asia this year, which could lead to potential growth in local poultry production and international trade, if rising supply chain challenges can be managed. As coronavirus is now expected to cause a global economic slowdown, poultry demand could...
ANALYSIS: COVID-19 and the Pork Market
Analyzing a situation at the beginning or in the middle of a market-moving event is never an easy task, and with Coronavirus, this fact rings truer than ever. In truth, it has not been that long since...
PODCAST: Have We Peaked? Coronavirus and African Swine Fever in China
This week Laura sits down with Todd Thurman of Swinetex to discuss the African swine fever situation in China and restocking efforts. With COVID-19 complicating an already serious situation, what can the pork industry expect...
Coronavirus Impacts Meat Consumption in China
One of the many effects from the coronavirus outbreak in China is the impacts it has had on food consumption and the demand for meat.
At the height of the outbreak, nearly all foodservice establishments were closed, with some attempting to resume business now. However, restaurants that have managed to remain open are facing a sharp decline as consumers are staying indoors. A few restaurants switched to a delivery-only model during this time to help cash flow, but consumers are still hesitant of ordering and interacting with delivery drivers.
According to Darin Friedrichs, Senior Asia Commodity Analyst at INTL FCStone, consumer sentiment has been improving as China continues to...
USDA Announces ASF Response Plan; Prevention Remains Top Priority
At the National Pork Industry Forum, USDA Under Secretary for Marketing and Regulatory Programs Greg Ibach announced an African swine fever (ASF) action plan should the swine-only disease be detected in the United Sates. To date, the United States is free of African swine fever; prevention remains the number one priority for the National Pork Producers Council.
According to the plan, USDA Secretary Perdue would immediately declare an “extraordinary emergency” if ASF was detected in the United States. In doing so, the USDA would be established as the leader of a national, coordinated response to control and eradicate the swine disease, which poses no human health or food safety risks. By declaring an extraordinary emergency, the USDA ensures...
NPPC Heralds Signing of Ag Inspectors Bill
The National Pork Producers Council (NPPC) thanks President Trump for signing into law on Tuesday legislation (S. 2107) that authorizes funding for 720 new agricultural inspectors at land, air and sea ports to prevent African swine fever (ASF) and other foreign animal diseases (FAD) from entering the United States. Providing additional agricultural inspectors represents a top priority for NPPC.
“Ensuring we have enough agricultural inspectors at our borders is critical to maintaining a healthy U.S. swine herd,” said NPPC President David Herring, a hog farmer from Lillington, N.C. “The U.S. Department of Agriculture and the Bureau of Customs and Border Protection (CBP) have done much to mitigate the risk to animal disease. Bolstered by this legislation, even more...
Coronavirus Complicates the African Swine Fever Outlook
While African swine fever remains the dominant issue in global animal protein – with change continuing in China, Southeast Asia and Europe – Coronavirus is now complicating the outlook.
For China, and most of global animal protein, 2019 was a year of unprecedented change. China’s pork production declined by over 20% in 2019, hog and pork prices reached record levels and dragged other protein prices up with them, and animal protein imports were above, or close to, record levels across the species. ASF also impacted pig herds and pork production in other parts of the world – across north Asia and Southeast Asia, and in some parts of Europe. Global animal protein trade was heavily shaped by ASF in 2019, with China’s record demand influencing many markets.
In China, the number of new ASF cases, and the number of re-infections, has been declining. In other parts of Asia, the disease continues to spread, with...
U.S. Pork Industry Requests Additional ASF Prevention Measures
Thanks to continued vigilance by the U.S. Department of Agriculture (USDA), the Bureau of Customs and Border Protection (CBP) and the U.S. pork industry, the United States has so far prevented an outbreak of African swine fever (ASF), an animal disease affecting only pigs with no human health or food safety risks. To ensure the U.S. swine herd remains free of the disease, the National Pork Producers Council (NPPC) and 30 state pork producer associations today asked Agriculture Secretary Perdue to take additional measures, including restricting imports of organic soy products for animal feeds from all ASF-positive countries.
The U.S. pork and feed industries have adopted holding times to allow for the natural degradation of any viruses, to ensure that most imported feed ingredients are safe to use. Research indicates, however...
NPPC Applauds House Passage of Ag Inspectors Bill
The U.S. House of Representatives today approved legislation that authorizes funding for 740 new agricultural inspectors at land, air and sea ports to prevent African swine fever (ASF) and other foreign animal diseases (FAD) from entering the United States. In October 2019, the Senate approved an identical version of the bill (S. 2107), which the House approved today. Providing additional agricultural inspectors represents a top priority for the National Pork Producers Council (NPPC).
“For more than a year, NPPC has advocated for more agricultural inspectors at our borders,” said NPPC President David Herring, a hog farmer from Lillington, N.C. “The U.S. Department of Agriculture and the Bureau of Customs and Border Protection have done much to mitigate risk to animal disease, but we must remain vigilant. Today’s vote represents a tremendous victory for our farmers, consumers and...
Brazil Beef Exports Jump on Strong Chinese Demand
Brazilian beef exports rose by 9.84% in January driven by a surge in sales to China, which faces fallout from a deadly disease that decimated a major portion of its pig population and boosted demand for other meats, trade group Abiec said on Wednesday.
Brazil's beef exports totaled 135,375 tonnes in the first month of the year, generating sales of $633.25 million, Abiec said.
“This is a positive result and in line with our growth estimates for this year," Antônio Camardelli, president of Abiec, said in a statement.
Shipments to China alone were 53,200 tonnes, an increase of...
Greece Reports First Case of African Swine Fever
Greece detected one case of African swine fever at a domestic breeding farm in the north of the country this week, agriculture ministry officials said on Thursday.
African swine fever is harmless to humans but it is highly contagious and deadly in pigs. It has spread from Africa to Europe and Asia and has already killed hundreds of millions of pigs, affecting global meat markets.
The case was found in the northern Greek region of Serres, close to the border with Bulgaria and North Macedonia, the ministry said, adding that...
African Swine Fever Shrinks Pork Production in China, Swells Demand for Imported Pork
Although the rapid spread of African Swine Fever (ASF) across China decimated the world’s largest swine herd in 2019, it has created significant export opportunities for the U.S. pork industry. In the United States, recent industry expansion and low prices helped the industry export more pork to China, despite high retaliatory tariffs on U.S. pork.
After the first cases of ASF in China were reported in August 2018, the virus spread to every province by mid-2019. Assessments by industry observers suggest that the number of ASF outbreaks and losses of swine far exceeded officially reported numbers. As mentioned earlier, China’s swine herd was decimated—both by...
China's Ministry of Commerce Guarantees Sufficient Pork Supply Ahead of New Year Celebrations
On January 25, 2020, China will celebrate the Lunar New Year. As the most important traditional festival for China, the celebration is dependent on preparations including increasing availability of various meats, organic vegetables, and imported fruits. After an outbreak of African swine fever decimated the Chinese hog herd, China has been gearing up for the holiday by releasing pork from state reserves and increasing imports of the most desired meat in the country.
According to an Urner Barry pork analysis, export demand reached record levels in November in anticipation of the Lunar New Year Holiday. In early November, the resumption of exports from Canada and China was announced, creating more tightness in the United States' domestic market as Canada shifted their exports from the U.S. and Mexico to China. By December, China's pork imports surged...
Rabobank Pork Quarterly Q1 2020: Opportunities Are Emerging from Risks
Rising disease pressures continue to challenge the global market and will remain the major change driver in global animal protein in 2020, according to Rabobank’s latest Pork Quarterly titled ‘Opportunities Are Emerging from Risks.’
“Although the severity of African swine fever’s (ASF) impact is subdued in some regions, the scope of the disease has expanded over recent months,” according to Chenjun Pan, Senior Animal Protein Analyst. “The ramifications in 2020 will lead to continuous caution on production expansion in some regions and higher import demand on the global balance sheet.” Several ongoing, regional trade-deal discussions will...
COVID-19 Forces Technomic to Revise Foodservice Industry Forecasts
Consumers Are Eager to Dine Out and Support Local
Update: Current List of Plant Closures Due to COVID-19
Pork Exports Trend Lower in June but Remain on Record Pace; Another Tough Month for Beef Exports
Aramark Prepared to Welcome College Students Back to Campuses Across the Country
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