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Financial

Money makes the world go round and the meat industry is no different. Deals are always being brokered and currency fluctuations are a key issue for any global meat trader.

Weak export market dents Pilgrim’s profits

Strong headwinds in the poultry export market hit Pilgrim’s Pride’s annual profits, but a strategy to expand in the booming Mexican market validates its growth strategy, the company claims.  ...

HKScan hit by struggles in Denmark

Poor performance in Denmark hit HKScan’s fourth quarter results, although it has defied the effects of the Russian meat ban, African Swine Fever and stiff competition to boost annual pre-tax...

Growth in German butchery

The Deutscher Fleischer-Verband (German Butchers’ Association) has revealed the sector enjoyed marginal growth in 2015, despite a dip in employment.

Irish farmers demand better price for cattle

Farmers in Ireland are demanding better prices for their cattle and fair and open competition, which is apparently being denied to them. 

Germany leads pack in booming machinery sector

Demand from abroad helped German manufacturers of machinery for the food industry increase production for the sixth consecutive year, generating €13.5bn in 2015.

Wayne Farms to lay off 500 workers from Mississippi site

US-based poultry company Wayne Farms LLC is to close deboning lines at its Laurel, Mississippi site and lay off 500 workers by the end of June. 

Ukraine poultry firm takes a stand on EU exports

Ukraine’s largest poultry processor MHP plans to expand exports of poultry meat to the European Union (EU) at any cost, even if the current quotas are not raised, according to...

News in brief

BRF in $50m takeover of Universal Meats

Brazilian firm BRF, which claims to be one of the largest meat businesses in the world, has confirmed its acquisition of UK company Universal Meats for $49.5m (£34m). 

Food safety firms team up to tackle world markets

NSF International and Euro Consultants Group (ECG) have announced a merger of the two companies to strengthen their presence in the European, Middle East and Asian (EMEA) markets respectively.

China's slowdown hits second-biggest pork company

Yurun Food, China’s number-two pork player, continues to go through turbulent times, with some industry watchers forecasting a sell-off of company assets this year to get the firm back on...

News in brief

Anpario profits meet market expectations

UK animal feed additives producer Anpario has said its profits for 2015 have been in line with the company’s expectations.

News in brief

China’s economic slowdown will ‘impact’ EU pork exports

China’s economy has shown signs of decline and the shrinking rate of growth means the EU may not be able to export the same volume of pork to China as...

JBS chairman accused of financial crimes

Shares in the Brazilian meat company JBS have hit a 15-month low, coinciding with reports that senior figures, including the chairman Joesley Batista, have been accused of financial crimes regarding...

Mountain States Lamb buys JBS plant

The Mountain States Lamb Cooperative (MSLC) has revealed it paid $8.5m for a meat processing plant, previously owned by the Brazilian company JBS. 

Chinese state aid helps poultry firm expansion, despite pollution concern

Chinese poultry giant Henan Huaying Agricultural Development Co has aggressively expanded its duck and chicken processing capacity with a package of government subsidies totalling over RMB40 million for several new...

Cargill opens $50m distribution centre in Kansas

Cargill has opened a new $50m distribution centre in Kansas, US, which can ship and simultaneously store around 40,000 boxes per day. 

O’Brien Fine Foods make €14m investment

Ireland’s O’Brien Fine Foods has invested €14m ($15.1m) in a ham processing plant, leading to the creation of 40 new jobs.

Zambeef shares double in price

Share prices in Zambeef Products, one of Zambia’s most prominent agribusinesses, have doubled in two months on the London Stock Exchange (LSE).

Mongolia pumps money into meat export development

Mongolia intends to increase the volume of meat exports to Russia, Vietnam, South Korea and China in the next few years, according to a recent statement from the country’s Agricultural...

Dow Chemical vows meat industry activity

Dow Chemical Company (Dow) has pledged to be “more active” in Europe’s meat scene after the completion of an expansion to double its Methocel MX food-grade product line. 

US private equity firm takes over Polish meat processor

US private equity firm Highlander Partners has acquired a 60% stake in Polish meat processor QFG. 

Hilton Group trading “ahead of expectations”

International meat packing business Hilton Food Group has reported a trading performance “ahead of the board’s expectations”.

Chinese beef firm seeks RMB180m for overseas expansion, despite turmoil

A leading Chinese beef firm is seeking to raise significant funds to help it expand overseas. 

Irish food body posts meat export growth

Ireland’s agriculture body Bord Bía has posted its sixth straight year of export growth, with beef exports rising by 6%. 

Nomad Foods floats on New York stock market

Frozen food company Nomad Foods is to begin trading on the New York Stock Exchange (NYSE).