The Daily Feed Newsletter

Your Source for Animal Protein Industry News

Top Stories for July 18, 2024

🐔 Pilgrim’s Pride News

Should Value Investors Buy Pilgrim’s Pride (PPC) Stock? According to Yahoo Finance, Pilgrim’s Pride (PPC) is currently sporting a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has shown promising potential for value investors.

Pilgrim’s Pride Sets New 1-Year High at $39.09 MarketBeat reports that Pilgrim’s Pride (NASDAQ) has set a new 1-year high at $39.09, a significant increase from its previous close of $38.29.

Is Kimberly-Clark (KMB) Outperforming Other Consumer Staples Stocks This Year? Pilgrim’s Pride, part of the Food – Meat Products industry, contributes to the industry’s current rank of #50.

🦠 Foot and Mouth Disease Updates

Delhi Doctors Report Rise in Hand, Foot, Mouth Disease in Children NDTV reports a significant rise in cases of Hand, Foot, and Mouth Disease (HFMD) among children, driven by the monsoon season.

Call for Temporary Ban on Livestock Movement in Western Cape To curb the spread of Foot and Mouth Disease, IOL suggests a temporary ban on livestock movement in the Western Cape.

Hand, Foot, Mouth Disease Cases in Japan Surge to Decade High According to Bernama, Japan is experiencing a record surge in HFMD cases.

🐟 Seafood Industry Insights

SalMar and Q2 2024 Harvest Reports SeafoodSource notes that SalMar will release its complete Q2 2024 report on August 20, while Grieg Lerøy and Mowi will publish their reports on August 21.

New Case of Deadly Salmon Virus Suspected at Mowi Site IntraFish reports a suspected outbreak of infectious salmon anemia (ISA) at a Mowi farm, the world’s largest salmon farmer.

🌾 Other Noteworthy News

Washington Attorney General Secures $37.7 Million in Chicken Price-Fixing Case The Seattle Medium highlights a settlement involving Wayne Farms and Sanderson Farms.

Lamb Weston Holdings Faces Securities Fraud Lawsuit Morningstar reports that investors in Lamb Weston Holdings Inc. have the opportunity to lead a securities fraud lawsuit against the company.

Tyson Foods Executive Pleads Not Guilty to Drink-Driving Offence Yahoo Finance reports that Tyson Foods executive John R. Tyson has pleaded not guilty to a drink-driving charge.

Tyson Foods CFO Pleads Not Guilty After Drunken-Driving Arrest


John R. Tyson, Chief Financial Officer of Tyson Foods and son of the company’s chairman, recently found himself at the center of a legal controversy. The 34-year-old executive was arrested in June for driving while intoxicated and careless driving, leading to his immediate suspension from the company. This article delves into the details of the arrest, the implications for Tyson Foods, and the broader context of executive conduct in major corporations.

The Arrest

On June 13, 2024, John R. Tyson was arrested by the University of Arkansas police. The incident occurred after Tyson was found driving under the influence, an action that led to charges of driving while intoxicated (DWI) and careless driving. He was subsequently booked at the Washington County Detention Center. The arrest of such a high-profile executive drew significant media attention, especially given his prominent role within Tyson Foods.

Immediate Aftermath

Following the arrest, Tyson Foods acted swiftly by suspending John R. Tyson from his role as CFO. The company’s decision underscored its commitment to maintaining ethical standards and accountability, regardless of the individual’s status within the organization. This move was also seen as an effort to mitigate any potential reputational damage that could arise from the incident.

Legal Proceedings

John R. Tyson pleaded not guilty to the charges of DWI and careless driving. The legal process is ongoing, and Tyson has not made any public statements regarding the incident. His legal team is likely preparing a defense, which will be crucial in determining the outcome of this case. The not guilty plea indicates that Tyson is contesting the charges, a common strategy that can lead to a trial or potential plea deal.

Impact on Tyson Foods

Tyson Foods, a leading meat company, has faced several challenges in recent years, ranging from supply chain issues to regulatory scrutiny. The arrest and subsequent suspension of its CFO adds another layer of complexity to the company’s operational and strategic efforts. Investors and stakeholders are closely watching how the company navigates this situation, especially given the importance of the CFO role in financial planning and stability.

The company’s stock, which showed a 2.78% increase, reflects a mix of market reactions. While the immediate suspension might have reassured some investors about the company’s commitment to governance, the long-term impact remains uncertain.

Corporate Governance and Ethics

The arrest of a senior executive for a criminal offense raises broader questions about corporate governance and the ethical responsibilities of company leaders. Tyson Foods’ decision to suspend John R. Tyson aligns with best practices in corporate governance, emphasizing accountability and transparency. However, this incident also highlights the potential risks and consequences of personal misconduct by executives.

Corporations are increasingly held to higher standards of ethical conduct, not just in their business operations but also in the behavior of their leaders. The actions taken by Tyson Foods in response to this incident will be scrutinized and could set a precedent for how similar situations are handled in the future.

The Role of Family in Business

John R. Tyson’s arrest also brings attention to the dynamics of family-run businesses. As the son of the company’s chairman, Tyson’s actions have personal and professional implications. Family-run businesses often face unique challenges, including issues of nepotism, succession planning, and the balance between personal relationships and professional responsibilities.

The incident may prompt Tyson Foods to re-evaluate its governance structures and policies regarding family members in executive roles. Ensuring that all executives, regardless of their familial ties, are held to the same standards of conduct is essential for maintaining credibility and trust with stakeholders.

Moving Forward

For John R. Tyson, the immediate priority will be addressing the legal charges and navigating the court proceedings. His future with Tyson Foods remains uncertain and will largely depend on the outcome of the legal case and the company’s internal review process.

For Tyson Foods, the incident serves as a critical reminder of the importance of robust governance and ethical standards. The company will need to continue to demonstrate its commitment to these principles to maintain investor confidence and protect its reputation.


The arrest of John R. Tyson, CFO of Tyson Foods, for driving while intoxicated and careless driving has significant implications for both the individual and the company. As legal proceedings continue, Tyson Foods must navigate the complexities of this situation with a focus on accountability, transparency, and ethical governance. The outcome of this case will not only impact John R. Tyson’s career but also potentially influence corporate practices and governance standards in family-run businesses and beyond.

Smithfield Foods US/Mexico Spin Off, IPO Plan & Plant Closure Details

HONG KONG – WH Group Ltd., the parent company of Smithfield Foods Inc., has announced a proposed spin-off of its operations in the United States and Mexico. The proposal includes listing the company on either the New York Stock Exchange (NYSE) or NASDAQ, marking a significant strategic move for the world’s largest pork processor.

Strategic Rationale Behind the Spin-off

The proposed spin-off aims to leverage Smithfield Foods’ strong market presence in the US and Mexico, allowing it to operate with greater financial flexibility and efficiency. This move comes at a time when the global demand for pork products is rising, driven by shifting consumer preferences and expanding markets.

Wan Long’s Statement

Wan Long, Chairman of WH Group, emphasized the preliminary nature of the proposal. He noted that the spin-off requires multiple layers of approval, including from the Stock Exchange, the Board of Directors, and the US Securities and Exchange Commission (SEC). “There is no assurance that the proposed spin-off will take place or as to when it may take place,” Wan stated.


Operational Transitions and Plant Closures

Smithfield Foods has been undergoing significant operational transitions and plant closures over the past year. These measures are part of a broader strategy to optimize production efficiency and reduce operational costs.

Plant Closures

In July, Smithfield Foods confirmed the closure of its Altoona, Iowa, ham boning facility, which will impact 314 jobs. Production will be consolidated at other locations to streamline operations. Additionally, in October 2023, the company announced the closure of its Charlotte, NC, pork plant, transferring production to its Tar Heel, NC, facility.

Acquisition and Consolidation

In June, Smithfield entered into an agreement with Cargill to purchase a dry sausage production plant in Nashville, Tennessee. This acquisition is expected to enhance Smithfield’s production capabilities and product offerings in the US market.

IPO Preparations and Financial Backing

Smithfield Foods is preparing for an initial public offering (IPO) in the United States. Prominent banks, including Bank of America, Goldman Sachs, and Morgan Stanley, have been selected to spearhead the IPO process. The IPO aims to raise significant capital, providing Smithfield with the financial flexibility to expand its operations, invest in new technologies, and enhance its supply chain capabilities.

Industry Analysts’ Perspectives

While specific details about the IPO’s timing and valuation have not been disclosed, industry analysts anticipate that Smithfield’s public offering will attract considerable interest from investors. This move reflects a broader trend of agricultural and food companies seeking to capitalize on public markets to fund growth initiatives.


WH Group’s Strategic Vision

WH Group, which acquired Smithfield Foods in 2013 for $4.7 billion, remains committed to its long-term strategic vision. The proposed spin-off aligns with WH Group’s goal to enhance shareholder value and operational efficiency. Following the spin-off, Smithfield US and Mexico will remain subsidiaries of WH Group, and their financial results will continue to be consolidated into the company’s financial statements.

Market Reaction

The announcement of the proposed spin-off has positively impacted WH Group’s stock performance. Shares of WH Group saw a 6.9% increase, reaching their highest level since May 29. This surge reflects investor optimism about the potential benefits of the spin-off and the company’s future growth prospects.

Potential Impact on the Pork Industry

Smithfield Foods’ decision to go public comes at a time of increasing demand for pork products globally. The company’s robust infrastructure, combined with its strategic leadership, positions it well to navigate the complexities of a public offering and sustain its growth trajectory.

Expansion and Innovation

The IPO is expected to provide Smithfield with the necessary capital to expand its operations, invest in new technologies, and enhance its supply chain capabilities. This strategic move will enable the company to meet the growing demand for pork products and maintain its leadership position in the global pork industry.

Investor Interest

The proposed spin-off is anticipated to attract considerable interest from investors, given Smithfield’s strong market presence and operational capabilities. The IPO will offer investors an opportunity to invest in a well-established company with a proven track record of success in the pork processing industry.

Regulatory and Approval Process

The proposed spin-off is subject to multiple regulatory approvals and reviews. The Hong Kong Stock Exchange, the US Securities and Exchange Commission, and WH Group’s Board of Directors must approve the proposal. Shareholders and potential investors are advised to exercise caution, as there is no guarantee that the spin-off will proceed as planned.

Future Announcements

WH Group has committed to making further announcements regarding the proposed spin-off as necessary. These updates will be provided in accordance with listing rules and regulatory requirements. Stakeholders are encouraged to stay informed about the latest developments.


The proposed spin-off of Smithfield Foods’ operations in the United States and Mexico represents a significant strategic move by WH Group. By listing the company on the NYSE or NASDAQ, WH Group aims to enhance financial flexibility, operational efficiency, and shareholder value. The successful execution of this spin-off could have a profound impact on the global pork industry, positioning Smithfield Foods for sustained growth and innovation.

Stay tuned for updates on Smithfield Foods’ IPO and other industry news. The agricultural sector will be closely watching how this significant milestone unfolds and its implications for the broader market.

Sources include Meat&Poultry, Global Food Industry News, The Pig Site, Swine Web, National Hog Farmer, xm, Food Business News

The Daily Feed Newsletter

Animal Protein Company News

Pilgrim’s Pride Analysts predict a decline in earnings for Pilgrim’s Pride due to missing key ingredients for an earnings beat. Meanwhile, Norden Group LLC has purchased 8,968 shares, joining other large investors, and the company saw a 50% reduction in short interest in June, despite a 4.7% year-over-year revenue increase last quarter.

Lerøy Seafood Group Investor concerns arise regarding Lerøy Seafood Group’s returns on capital, indicating potential challenges ahead for the company.

Mowi A High Court judge ruled in favor of a judicial review against Mowi Ireland’s 2021 salmon farm licence for Bantry Bay. The salmon industry successfully opposed a proposed safety limit on pesticides, and Mowi is considering closing two processing facilities, highlighting challenges in the farmed salmon industry.

Trident Seafoods Trident Seafoods’ Ultimate Fish Stick is criticized for being one of the unhealthiest frozen fish sticks available.

Lamb Weston A class action lawsuit has been filed against Lamb Weston Holdings, Inc. for investors seeking to recover losses. Rosen Law Firm is encouraging investors to join the lawsuit, and Janney Montgomery Scott LLC holds $2.77 million worth of stock in the company, with several hedge funds adjusting their stakes.

Pig News Pig farmers are required to declare their animals next month to help control Aujeszky’s disease. Including mycotoxin binders in pig and poultry feed can result in higher egg production and mitigate risks. Additionally, a pig was captured during a crime crackdown in East Lake, with authorities waiting for its owner to claim it.

Alltech The equine healthcare market is expected to grow significantly, with companies like Alltech playing a key role. The poultry feed premix industry is also anticipated to grow, with Alltech contributing to this trend. Francis Derwin Jnr won his fourth Alltech National Grand Prix at Maryville.

AB Agri JBS Foods Canada will expand its beef processing capabilities thanks to an Agri-Processing Investment Tax Credit from Alberta.

Carrs Group Carr’s Group’s stock price has surpassed the 50-day moving average, indicating positive momentum in the agriculture and engineering sectors.

Nutrien Nutrien Ltd. shares experienced a slight increase despite underperforming the broader Canadian market and closed higher despite market volatility.

Wens Foodstuff Group Wens Foodstuff Group shareholders have faced a significant 38% loss, indicating challenges in the livestock and poultry farming industry.

Meat News The Australian Government is investing over $100 million in research and development for the red meat and livestock industry in 2024-25, indicating growing trade opportunities for Aussie beef.

Land O’Lakes Land O’Lakes is facing financial struggles and potential bankruptcy. Beth Ford of Land O’Lakes is recognized nationally along with other Minnesota women CEOs, and the company highlights sustainability initiatives, including water usage reduction, nutrient management, and carbon sequestration, in celebration of Dairy Month.

Animal Protein Market Report

US Beef Exports

Japan, Mexico, and Taiwan have significantly boosted US beef export values. In June, the export value reached over $900 million, as reported by the US Meat Export Federation (USMEF).

Dairy Producers and Net Zero Initiative

UI extension specialists are helping dairy producers work towards the dairy net-zero initiative. Despite this support, many producers remain skeptical about the feasibility of achieving this ambitious goal.

African Swine Fever (ASF)

There has been a significant reduction in African swine fever cases in Europe during the first half of 2024, affecting both domestic pigs and wild boar. However, Thailand has reported its first ASF outbreak of the year in Chiang Mai, involving a farm with 70 pigs. In Vietnam, the situation is more severe, with 42,400 infected pigs culled so far this year. China’s Q2 pork output has also declined compared to last year due to weak demand.

Smithfield Foods

Smithfield Foods, the world’s largest pork processor, is gearing up for an initial public offering (IPO) in the United States. The company has secured major financial backing from prominent banks, including Bank of America.

USMEF Networking Event

The US Meat Export Federation (USMEF) recently held the third edition of “MEAT IN” CALI 2024, a networking event designed to connect importers and potential customers in Cali, Colombia.

US Pork Exports

US pork exports in May were below last year’s levels, but they still demonstrated broad-based strength according to USMEF.

Illegal Meat Products from the Philippines

The Food Safety and Inspection Service (FSIS) has issued a public health alert after discovering eight illegal meat products imported from the Philippines.

Bird Flu in Colorado

Colorado has confirmed four human bird flu infections among poultry workers, with a fifth case suspected. The infected individuals have shown only mild symptoms.

European Aquaculture

Hungary has begun its six-month term of the EU council presidency with a focus on advancing the development of the European aquaculture sector.

Prebiotics for Salmon and Shrimp

A new prebiotic developed by GreenSage Prebiotics has shown great promise in recent trials. The prebiotic has significantly improved feed conversion ratios (FCRs) and survival rates in farmed shrimp and salmon, paving the way for its commercial launch.

Pilgrim Europe Plans Leave Jobs at Risk


One of Cornwall’s largest employers, Pilgrim’s Europe, has announced a series of proposed operational changes that could potentially result in the loss of around 160 jobs at its two sites in Redruth and Bodmin. These changes are part of a strategic review aimed at ensuring the long-term sustainability and efficiency of the company. This article delves into the details of these proposals, the impact on employees, and the future plans for the company.

Background of Pilgrim’s Europe in Cornwall

Pilgrim’s Europe, an international meat and poultry company, operates major sites in Redruth and Bodmin, which were formerly owned by Tulip. The company plays a significant role in the local economy, being one of the largest employers in Cornwall. In recent years, Pilgrim’s Europe has been proactive in managing its workforce to align with evolving business needs, which has sometimes resulted in job losses.

Proposed Changes and Their Implications

Reasons for the Proposed Changes

The proposed changes are part of Pilgrim’s Europe’s ongoing review of its operational footprint. The company aims to fully optimize its sites to ensure they run as efficiently and effectively as possible. This review is crucial for maintaining the company’s sustainability in the long term.

Ivanor Clasen, Pilgrim’s Europe’s business unit director for added value, stated, “We don’t make these proposals lightly but, to ensure a long-term sustainable future for our business, we have to make strategic decisions that allow us to meet evolving customer and consumer demand.”

Details of the Proposed Changes

The company has outlined several key changes:

  1. Job Redundancies: Approximately 160 roles at the Redruth and Bodmin sites are at risk of redundancy. This decision is part of the broader strategy to optimize operations.
  2. New Slow-Cooked Facility: A significant investment will be made in a new multi-million-pound slow-cooked facility at the Bodmin site. This facility will enhance the company’s capabilities and capacity, utilizing state-of-the-art processing methods and technology from within the Pilgrim’s Pride global business.
  3. Bacon and Gammon Centre of Excellence: The Redruth site will retain its status as Pilgrim’s Europe’s bacon and gammon centre of excellence. This focus aims to consolidate the site’s expertise and maintain its critical role within the company.

Impact on Employees

Job Losses and Support

The announcement has understandably caused concern among the employees at the Redruth and Bodmin sites. Pilgrim’s Europe has committed to supporting those affected throughout the consultation process. This support includes exploring opportunities for redeployment to other sites within the Pilgrim’s Europe business.

Clasen emphasized the company’s commitment to its employees, stating, “We fully recognize that this will be a difficult time for those valued colleagues who are impacted and will provide them with every support we can throughout the consultation process.”

Historical Context of Job Advertisements and Losses

Pilgrim’s Europe has a history of fluctuating job numbers. In 2023 alone, the company advertised for 50 jobs in February, 90 new jobs at its Redruth site in May, and then 70 more in November. Since 2016, the company has confirmed hundreds of job losses in total. This pattern underscores the dynamic nature of the industry and the company’s ongoing efforts to balance workforce levels with business needs.

Future Prospects

Strategic Investments

Despite the potential job losses, Pilgrim’s Europe is making strategic investments to secure its future. The new slow-cooked facility at Bodmin is a significant part of this strategy. This investment aims to build upon existing slow-cooked operations within the business, enhancing capability and capacity. The facility will be a culinary-led operation, utilizing advanced processing methods and technology expertise from the broader Pilgrim’s Pride organization.

Meeting Customer Demand

The proposed changes are also geared towards meeting current and future customer demand. By optimizing its operations, Pilgrim’s Europe aims to maintain a skill base that can efficiently and effectively produce high-quality products. Clasen highlighted the importance of these changes for the company’s strategy to be the best strategic partner for its customers and produce innovative products for consumers.


Pilgrim’s Europe’s proposed operational changes are a significant development for the company’s sites in Redruth and Bodmin. While the potential job losses are a cause for concern, the company’s commitment to supporting affected employees and its strategic investments in new facilities highlight a proactive approach to ensuring long-term sustainability. As the company navigates these changes, its focus on efficiency, innovation, and customer demand will be crucial in shaping its future.


The Daily Feed

Meat, Seafood & Dairy Protein Company News

Inghams Poultry

Morgans Sticks to Its Buy Rating for Inghams Group Ltd. (IH1) Inghams Group Ltd., a key supplier of poultry products to major Australian supermarkets Woolworths and Coles, as well as fast-food giants McDonald’s and KFC, received a reaffirmation of its buy rating from Morgans.

Pilgrim’s Pride

Worker Dies at Pilgrim’s Pride Plant in Chattanooga A worker at Pilgrim’s Pride poultry plant in Chattanooga, Tennessee, has died. The incident is under investigation to determine if it was work-related.

Pilgrim Europe Plans Leave 160 at Risk of Job Losses Pilgrim’s Europe announced plans that could result in 160 job losses, initiating collective consultations with affected colleagues at both sites.

Lerøy Seafood Group

Scottish Sea Farms Working to Recover Sunken Vessel Scottish Sea Farms, co-owned by Norwegian companies Leroy Seafood and SalMar, is currently involved in recovery efforts for a sunken vessel.


SalMar Named Among World’s 500 Most Sustainable Companies SalMar, alongside Mowi, has been recognized as one of the world’s 500 most sustainable companies, highlighting its commitment to environmental stewardship.


Mowi to Re-float Sunken Salmon Farm Boat Mowi plans to re-float a sunken salmon farm boat within days, following a full inspection by specialist divers to address any potential issues.

Canada’s Ban on Ocean Salmon Farming Criticized Canada’s decision to ban open-net salmon farming in British Columbia by 2029 is facing criticism as a misguided policy that could harm the industry.

Sanderson Farms

Sanderson Farms, Perdue Settle Antitrust Class Action Lawsuits Sanderson Farms and Perdue Farms have reached settlements in antitrust litigation, concluding legal disputes over alleged market manipulation.

Marine Harvest

Experienced Manager Takes Over at Benchmark Genetics Chile A new manager with extensive experience from Marine Harvest Chile (now Mowi Chile) has taken the helm at Benchmark Genetics Chile, recognized for her significant contributions.

Tyson Foods

Tyson Foods to Sell US Poultry Complex to House of Raeford Farms Tyson Foods is selling its poultry complex in Vienna, Georgia, to House of Raeford Farms as part of its strategy to optimize its plant network.

Tyson Foods to Hold Meal Distribution Event in SE Houston In response to Hurricane Beryl, Tyson Foods will distribute meals in southeast Houston to aid affected communities.

Animal Protein Market Report – July 2024

May US Beef Export Value Highest in 11 Months by Melanie Epp on 11 July 2024 at 1:11 pm The US Meat Export Federation (USMEF) reported that the export value of US beef in May reached its highest point in 11 months, despite a 5% decrease compared to last year.

Testing Cattle and Humans for Avian Influenza Virus by Melanie Epp on 11 July 2024 at 12:52 pm Avian influenza has impacted 139 dairy cow herds across 12 US states since March. Efforts are underway to test both cattle and humans to contain the virus.

Novel Vaccine Against Porcine Deltacoronavirus Challenge in Piglets on 10 July 2024 at 10:00 pm New data demonstrate the protective efficacy of a spike-based subunit vaccine, which could become a candidate vaccine against porcine deltacoronavirus (PDCoV) in piglets.

Topigs Norsvin and Muyuan Foods Joint Venture in China on 9 July 2024 at 10:00 pm Topigs Norsvin has partnered with Muyuan Foods to start a joint venture nucleus farm in China, aimed at enhancing pig breeding and production capabilities.

Maple Leaf Foods Spins Off Pork Business on 9 July 2024 at 10:00 pm Maple Leaf Foods has announced the spin-off of its pork business, creating two independent public companies focused on their respective growth strategies and sustainability commitments.

Genesus Global Market Report Mexico – July 2024 by Jim Eadie on 11 July 2024 at 2:10 pm The Mexican pork market has seen a positive trend in the national average liveweight price, which recently positioned itself at 48.70 pesos per kilogram.

Japan to Import 18,030 Tons of Feed Wheat and Barley by Melanie Epp on 10 July 2024 at 3:00 pm Japan has issued a tender to import 18,030 tons of feed wheat and barley through SBS auctions, continuing its efforts to meet domestic feed demand.

FPSA Appoints VP of Engagement, Business Development on 11 July 2024 at 3:27 pm Allison Wachter, with 20 years of experience in the association industry, has been appointed as the Vice President of Engagement and Business Development at FPSA.

National Beef Checkoff Contributes $3.3 Billion to Industry on 11 July 2024 at 3:15 pm A recent study highlighted the effectiveness and financial benefits of the National Beef Checkoff program, which contributed $3.3 billion to the beef industry in 2023.

FSIS Issues Public Health Alert for Imported Meat and Poultry by Sophi Fairman on 11 July 2024 at 10:57 am The USDA’s Food Safety and Inspection Service (FSIS) has issued a public health alert for ready-to-eat meat and poultry products illegally imported from the Philippines.

Bangladesh Food Security Threatened by Heatwave by Sophi Fairman on 11 July 2024 at 10:55 am Extreme heat in Bangladesh, coupled with frequent cyclones, droughts, and floods, is exacerbating the country’s food security crisis, impacting everything from mangoes to poultry.

Argentina Names Sergio Iraeta New Agriculture Secretary by Melanie Epp on 10 July 2024 at 2:56 pm Argentina has appointed Sergio Iraeta as the new Agriculture Secretary, renaming the agency to the Secretariat of Agriculture, Livestock, and Fisheries.

Europe Urged to Prepare for Next Avian Flu Season by Jackie Linden on 10 July 2024 at 4:58 pm The European Food Safety Authority has called for preparations ahead of the next avian flu season, noting the rising number of cases among wild birds and poultry.

SyAqua Acquires Primo Broodstock USA on 11 July 2024 at 4:10 pm SyAqua Group has acquired Primo Broodstock USA, known for its pioneering work in developing specific pathogen-free and disease-tolerant shrimp lines.

Market Stagnancy for Texas Catfish Industry on 11 July 2024 at 7:00 am The catfish farming industry in Texas is facing stagnation due to various challenges despite its historical significance as a food staple in the Southern US.

MSD Animal Health Completes Aqua-Business Acquisition on 10 July 2024 at 9:00 am MSD Animal Health has successfully acquired the aquatic business portfolio of Elanco Animal Health, further strengthening its position in the veterinary bioscience market.

Tyson Foods Sells Poultry Complex to House of Raeford Farms

In a strategic move aimed at optimizing its operational footprint amidst challenging market conditions, Tyson Foods has announced the sale of its poultry complex in Georgia to House of Raeford Farms. This decision comes as Tyson continues to navigate subdued demand and cost-cutting measures across its operations.

Tyson Foods, a prominent player in the U.S. meatpacking industry, revealed its plans on Tuesday to divest its Georgia-based poultry processing facility to House of Raeford Farms, a significant move aimed at streamlining its production capabilities. The complex, located in Vienna, Georgia, has been a critical part of Tyson’s poultry processing network, contributing to its overall supply chain in the southeastern United States.

Strategic Rationalization in Response to Market Challenges

The decision to sell the Georgia poultry complex underscores Tyson Foods’ proactive approach to addressing the ongoing challenges within the meatpacking sector. Over recent quarters, the company has faced pressures from price-sensitive consumers reducing their meat purchases, prompting Tyson to undertake extensive cost-cutting initiatives across its chicken, beef, and pork processing facilities.

Commitment to Operational Continuity

Despite the sale, Tyson Foods reassured stakeholders that House of Raeford Farms intends to maintain poultry processing operations at the Vienna complex. This commitment includes utilizing the existing workforce, thereby minimizing disruptions and ensuring continuity for employees and local communities dependent on the facility.

Corporate Restructuring Efforts

Tyson Foods’ strategic divestment aligns with broader efforts to streamline its portfolio and enhance operational efficiency. Earlier this year, the company announced the permanent closure of a pork plant in Perry, Iowa, resulting in the elimination of approximately 1,200 jobs. This move was part of a series of plant closures initiated since the beginning of 2023, including the shutdown of six chicken processing plants across the United States.

Financial and Regulatory Considerations

Details of the transaction, including financial terms, were not disclosed by Tyson Foods. The agreement is contingent upon regulatory approval from U.S. authorities, a standard procedure for transactions of this nature within the highly regulated food processing industry.

Contextualizing Tyson Foods’ Strategic Moves

The divestiture of the Georgia poultry complex comes amid a period of transition for Tyson Foods, highlighted by recent corporate developments. In June, the company faced internal leadership challenges when its chief financial officer was suspended following an arrest for intoxicated driving. Despite these setbacks, Tyson remains focused on meeting customer demands by leveraging its extensive network of alternative production facilities.

Industry Implications and Future Outlook

The sale of the Vienna poultry complex reflects broader industry trends, where food processing companies are adjusting their operational strategies to align with evolving market dynamics and consumer preferences. For Tyson Foods, the transaction marks another step in its ongoing efforts to optimize its production capabilities and enhance profitability amidst fluctuating market conditions.


In conclusion, Tyson Foods’ decision to sell its Georgia poultry complex to House of Raeford Farms represents a strategic realignment aimed at strengthening operational efficiencies and responding to market challenges. By transferring ownership to a committed industry partner like House of Raeford Farms, Tyson Foods ensures continuity in poultry processing operations while focusing on its core strategic objectives. As the transaction moves forward pending regulatory approval, stakeholders will closely monitor its implications for Tyson’s future operational footprint and market positioning within the competitive meatpacking industry.

The Daily Feed

Tyson Foods

Tyson Foods agrees to sell its Vienna, Georgia poultry complex to House of Raeford Farms, impacting the local poultry industry.

Austevoll Seafood ASA

The marine by-products market is projected to grow significantly by 2033, driven by health awareness and sustainable practices.


Nutreco’s Selko and Westerdijk Institute collaborate to enhance feed efficiency by inhibiting mold growth with new insights into antifungal additives.

Smithfield Foods

Smithfield Foods announces the closure of its Iowa facility, impacting 314 jobs. The US pork producer adjusts its production footprint amidst operational changes.

Cargill Meat

Cargill introduces Carrageenan for meat applications, enhancing binding and gelling properties in both meat and plant-based alternatives.

Koch Foods

Neil Martin joins Jarrett Food as Plant Manager amidst Koch Foods’ $16 million expansion and job creation with city support.


Alltech partners with Meat Business Women to attract new talent and promote gender diversity in the agri-food sector.


Nutrien Ltd. stock sees a decline despite high trading volume, influenced by market conditions and operational challenges.

Clemens Food Group

Clemens Food Group plans to sell its Kunzler plant in Lancaster, potentially affecting jobs as they consolidate production.


Industry leaders from ADM, Kerry, and FrieslandCampina will present exclusive insights at the Growth Asia Summit in Singapore.


Lactalis partners with Cracker Barrel to reduce food waste through innovative cookbook solutions.

Seaboard Corporation

Seaboard Corporation, Triumph Foods, and Tyson Foods face legal scrutiny over pork products.

Hilton Food Group

Hilton Food Group becomes the preferred hotel partner for Club Atlético River Plate, enhancing its global presence.

Land O’Lakes

Land O’Lakes’ Truterra initiative explores the intersection of agricultural carbon markets and pesticide use.

Perdue Farms

Perdue Farms faces challenges as organic associations critique its petition to the FSIS for rulemaking.


Danone Canada recalls Silk and Great Value plant-based beverages due to possible contamination, aligning with sustainability goals to reduce food waste by 2030.

Maple Leaf Foods

Maple Leaf Foods plans to spin off its pork business into a new publicly traded company by 2025, separating from its consumer packaged goods operations.

Arla Foods

Arla Foods launches a Danish agriculture project aiming to cut emissions by 30% while boosting income for Bangladeshi farmers through sustainable practices.

Hormel Foods

Hormel Foods Corporation faces investor shifts as Sumitomo Mitsui Trust Holdings Inc. reduces its holdings, reflecting changes in investor sentiment.


Saputo Inc.’s stock experiences a slight decline despite nearing its 52-week high. The Canadian dairy company is seeing fluctuations in trading volumes.

Yili Group

Yili Group is expanding, impacting the walnut milk market with projected growth of USD 1.15 billion by 2028. The Chinese dairy giant is making strategic moves in the global dairy market.

Maruha Nichiro Corporation

Maruha Nichiro Corporation is positioned for substantial growth in the shrimp industry by 2024-2031. The Japanese seafood giant continues to expand its global seafood footprint.


Fonterra finds opportunities in the US market, celebrating Independence Day with notable achievements and awards in the dairy industry. The New Zealand-based dairy cooperative remains a key player in global dairy markets.

Pacific Seafood Group

American Seafoods pauses its sale process amidst challenges, impacting the Pacific hake market. The seafood company focuses on business continuity and growth strategies.

Conagra Brands

Conagra Brands anticipates declines in Q4 fiscal 2024 earnings amid market expectations. The US food giant continues to navigate financial forecasts amidst changing consumer demands.


FrieslandCampina leaders to present insights at the Growth Asia Summit, highlighting industry leadership and future trends in Asia. The global dairy cooperative continues its strategic initiatives in key markets.

Animal Protein Market Report – July 2024

Animal Protein Market Report – July 2024

Nutreco Announces Intention to Acquire AECI Animal Health South Africa
Nutreco has disclosed plans to acquire AECI Animal Health South Africa, a strategic move aimed at expanding its footprint in the African market. This acquisition is poised to bolster Nutreco’s presence in animal nutrition and health solutions.

Hog Industry Responds to Avian Flu Outbreak in Dairy Cows
A widespread outbreak of highly pathogenic avian influenza (H5N1) in dairy cows has triggered a coordinated response from the pork industry. This development underscores ongoing challenges in disease management across livestock sectors.

Pork Purchase Intent Up 6% Following Love Pork Campaign
Following AHDB’s successful Love Pork campaign, purchase intent for pork has surged by 6%. This campaign highlights effective marketing strategies driving consumer engagement and boosting pork demand.

Purdue University’s Breakthrough in Antibiotic-Free Poultry Treatments
Purdue University researchers have pioneered new antibiotic-free treatments for avian pathogenic E. coli (APEC) in poultry. This breakthrough aims to enhance poultry health while reducing antibiotic usage in production.

Colorado Poultry Farm to Cull 1.8 Million Chickens Due to Bird Flu
A major bird flu outbreak has necessitated the culling of 1.8 million chickens at a Colorado poultry farm. This incident marks a significant setback in disease management efforts within the US poultry industry.

Brazilian Chicken Exports Decline in June 2024
Brazilian chicken exports saw a 1.6% decrease in June 2024 compared to the previous year. This trend reflects evolving global market dynamics impacting one of the world’s leading poultry exporters.

Hatch Blue Accelerates Startups in Aquaculture Innovation
Hatch Blue has launched its latest accelerator program, welcoming nine innovative startups focused on advancing aquaculture technologies. This initiative aims to drive sustainable growth and innovation in the seafood sector.

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Weekly Protein Report

China’s Beef Prices Plunge

Chinese wholesale beef prices have dropped 18% from last year’s peak to around 62 yuan ($8.53) per kilogram. This decline is due to an oversupply as Beijing pushed for increased domestic beef production and imports. The slowing economy has further reduced prices to a five-year low, leading to a surplus in frozen storage.

US Red Meat Symposium Explores Mexican Market Potential

The inaugural U.S. Red Meat Symposium was held in Mexico City on June 13-14, focusing on the economic and political climate of the Mexican market. Key industry figures, including USMEF Chair Randy Spronk and Secretary/Treasurer Dave Bruntz, emphasized the market’s growth potential for U.S. red meat exports. The event featured networking opportunities, product displays, and discussions on U.S.-Mexico trade relations, agricultural production, and digital trends. Despite uncertainties, Mexico is seen as a developing market with significant growth opportunities as more Mexicans move into the middle class.

Chinese Pig Supplies Tighten Amid Decline in Sow Inventory

China’s sow inventory declined by 6.9% year-on-year to 39.86 million by the end of February, tightening pig supplies due to disease outbreaks and financial pressures. The FAO forecasts a 0.9% global pigmeat production decline in 2024, with China as a major contributor. Despite steady wholesale prices and seasonal uplifts, overall pigmeat imports dropped 48% year-on-year, while offal imports rose by 2%. The EU27 remains the dominant supplier, with Spain leading in pigmeat exports. An anti-dumping investigation by China into EU pork imports could impact global trade and prices.

Strengthening EU-China Dialogue in the Spanish Pig Sector

INTERPORC’s President, Manuel García, met with the Chinese ambassador to Spain, Yao Jing, emphasizing the need for enhanced dialogue between the EU and China to address the anti-dumping investigation by China. García highlighted the fair cooperation historically seen between the Spanish pork sector and Chinese authorities, stressing the efficiency and export success of Spanish pork. He reaffirmed the sector’s unity and willingness to collaborate with China to resolve the issue, underscoring the mutual trust and strong trade ties, with Spain being the leading pork exporter to China.

Slight Increase in Germany’s Pork Exports to Third Countries

In the first four months of 2024, Germany’s pork exports rose by 0.7%, reversing a downward trend. While exports to EU countries decreased by 2.2%, this was offset by a significant rise in exports to third countries, notably the UK, Vietnam, and South Korea. Germany exported a total of 708,000 tonnes of pork, including by-products, from January to April 2024, with 126,000 tonnes going to non-EU countries. The resumption of exports to South Korea after a regionalization agreement contributed to this increase.

Chilean Pork Export Strategy Targets Asian Markets

Chile’s pork exports to China, Japan, and South Korea make up 73% of the total value of Chilean pork exports. Rodrigo Castañon of ChileCarne joined the delegation led by SAG Director José Guajardo to advance zoning protocol negotiations for African swine fever and the reopening of poultry exports to China. Japan, South Korea, and China are critical markets, with significant pork export volumes. The delegation met with officials in each country to discuss agreements and protocols, reinforcing Chile’s strategic export position. Future efforts will focus on finalizing a Memorandum of Understanding with China to enhance meat export opportunities.

Butter Prices Hit Record High

Butter prices have reached a record high of $7,350 per metric ton, surpassing the 2022 peak of $7,086. This increase is driven by limited global supply ahead of the holiday baking season, with dairy processors focusing more on cheese production. The highly virulent bird flu virus affecting dairy cows has also contributed to the tight supply. Food and confectionery makers are struggling with high cocoa prices and inflation in other commodities. Despite this, butter prices may temporarily decline as they historically slump in early July.

USDA Plans Amendments to Federal Milk Marketing Orders (FMMOs)

The USDA has proposed several key changes to the FMMOs:

Updating Milk Consumption Factors to 3.3% true protein, 6.0% other solids, and 9.3% nonfat solids.

Removing 500-pound barrel cheddar cheese prices from the Dairy Product Mandatory Reporting Program survey.

Updating manufacturing allowances and proposing a butterfat recovery factor update to 91%.

Setting Base Class I Skim Milk prices at the higher of the advanced Class III or Class IV skim milk prices for the month.

Adopting a rolling monthly Class I extended shelf life (ESL) adjustment.

Updating Class I differential values to reflect increased servicing costs. A 60-day comment period will follow the plan’s publication in early July.

Tyson Pulls Back on Antibiotic-Free Beef

Tyson Foods Inc. is reducing its antibiotic-free beef offerings, following a similar move with chicken last year. The company has informed a major customer that it won’t be able to supply antibiotic-free beef from its Open Prairie Natural Meats brand starting in January.

FDA Study: Pasteurization Kills H5N1 Virus in Milk

An FDA study confirms that commonly used pasteurization time and temperature requirements effectively inactivate the H5N1 virus in milk products. This complements an initial retail sampling study where all 297 samples were negative for viable H5N1 virus.

USDA Hogs and Pigs Report: Hog Herd Expands

The USDA’s Hogs & Pigs Report estimates the June 1 U.S. hog herd at 74.486 million head, up 1.3% from last year. The breeding herd declined by 3.2%, but the market hog inventory increased by 1.7%. This suggests a 2% higher slaughter rate compared to last year through summer, slightly more than 1% higher through Q4 and early 2025.

USDA Announces Additional Aid for Dairy Herds Affected by HPAI

The USDA is offering aid to dairy producers affected by highly pathogenic avian influenza (HPAI) under the Emergency Assistance for Livestock, Honeybees, and Farm-raised Fish Program (ELAP). Aid covers a 21-day no milk production period and an additional seven days of reduced production.

USDA’s Proposed Rule on Fair and Competitive Livestock and Poultry Markets

The USDA has initiated a 60-day comment period on a proposed rule in the Federal Register aimed at fair and competitive livestock and poultry markets. The rule has received mixed feedback, with comments expected to reflect issues raised during OMB review meetings.

Weekly USDA Dairy Report

Butter: High temperatures have reduced milk production, tightening cream volumes. Butter production is steady in the West but slowing in the East. Demand for butter is slightly better in the Central region.

Cheese: Production schedules are mixed. Demand is steady to strong ahead of the holiday. Natural cheese stocks are down slightly from April but up 4% from last year.

Fluid Milk: Production is mixed, with weaker output in the Southeast, Central, and West regions due to high temperatures and humidity. Spot milk offers are less frequent.

Dry Products: Prices for nonfat dry milk, dry buttermilk, and dry whey are mixed. Tight supplies are reported for whey protein concentrate and lactose.

Organic Dairy Market News

Federal Milk Market Order 1: Utilization of organic whole milk increased in May 2024. U.S. sales of total organic milk products were up in April 2024.

European Market: Organic milk prices increased in Austria but decreased in France, Germany, and Bavaria. UK organic milk production declined in May.

Retail Ad Survey: The total number of organic dairy ads increased, with milk being the most advertised commodity.

May Milk Production (NASS)

Milk production in the 24 major States during May totaled 18.9 billion pounds, down 0.7% from May 2023. Production per cow averaged 2,122 pounds. The number of milk cows was 8.89 million head, 52,000 fewer than May 2023.

May Cold Storage (NASS)

Total natural cheese stocks were down slightly from April 2024 but up 4% from May 2023. Butter stocks increased by 5% from April and 3% from May 2023.

March Mailbox Milk Prices (FMMO)

March 2024 mailbox milk prices averaged $19.98 per cwt, up $0.35 from February but down $0.34 from March 2023. Butterfat, protein, and other solids components were reported at 4.25%, 3.32%, and 5.78%, respectively.

May Market Summary and Utilization (FMMO)

In May, 12.9 billion pounds of milk were received from Federally pooled producers, 4.5% lower than May 2023. Class I products made up 26% of the milk, with a weighted average statistical uniform price of $19.78 per cwt.

June Retail Prices (FMMO)

U.S. simple average prices:

Conventional whole milk: $4.37/gallon

Conventional reduced-fat 2% milk: $4.31/gallon

Organic whole milk: $4.82/half gallon

Organic reduced-fat 2% milk: $4.82/half gallon

National Retail Report

Conventional dairy ads increased by 13%, and organic dairy ads increased by 11%. Cheese and ice cream were the most advertised conventional items, while organic milk was the most advertised organic dairy item.

Australian Lamb Gains Traction in US Charcuterie Market

Australian lamb is now available in 73 Costco stores across the Southeastern US, thanks to a project by Meat & Livestock Australia (MLA) and Aussie Select. This initiative aims to tap into the growing US demand for ready-to-eat and deli meats. Despite a market dominated by turkey, pork, chicken, and beef, Australian lamb is gaining popularity. Aussie Select introduced four lamb products, including lamb pastrami, meeting market demands for taste, sustainability, and health. The project foresees a significant growth opportunity, projecting 3.7 million pounds of Australian lamb over the next five years.

American Seafoods Group Pauses Sale Process, Aims Focus on Business and Growth Prospects

American Seafoods Group, a leading at-sea processor of wild Alaska pollock and Pacific hake, has paused its sale process to concentrate on business operations and growth opportunities. CEO Einar Gustafsson highlighted the company’s strong performance and plans to revisit sale discussions when market conditions improve.

Norwegian Snow Crab Experiences “Record-breaking” 6 Months While King Crab Struggles

The Norwegian Seafood Council reported seafood exports worth NOK 80.6 billion for the first half of the year, with snow crab emerging as a top performer. Norway exported 6,302 tonnes of snow crab, ranking it among the top 10 species by value, despite an overall decline in seafood export value.

ANALYSIS: U.S. Shrimp Imports Reverse Slightly Higher In May

U.S. shrimp imports increased slightly in May, totaling 140.587 million pounds, a 2.4% rise from the previous year. Gains were seen from India, Ecuador, Vietnam, and Thailand, while Indonesia and Mexico experienced declines. Significant increases were also noted from countries like Sri Lanka.

Dunleavy Vetoes $10 Million for Alaska Seafood Marketing When Industry Needs it Most

Alaska Governor Mike Dunleavy vetoed state support for the Alaska Seafood Marketing Institute for the second consecutive year. The veto comes amid challenging market conditions for the seafood industry, canceling $230 million from the state’s operating and capital budgets.

Record Number of Pacific Salmon Harvested Last Year

Commercial fishers in the U.S., Russia, Japan, Canada, and South Korea harvested a record 1.1 million metric tonnes of Pacific salmon in 2023. Pink salmon dominated the catch, contributing to the total of 726 million fish, as reported by the North Pacific Anadromous Fish Commission.

In case you missed the previous report:

Weekly Animal Protein Market Newsletter

Explore inflation’s impact on U.S. beef exports, Argentina’s deforestation-free beef, record cattle slaughter, China’s potential EU pork measures, and U.S. pork export growth.

The post Weekly Protein Report first appeared on ESS-Feed.

The post Weekly Protein Report appeared first on ESS-Feed.

Why BRF’s A Robust Investment in Brazil’s Poultry Powerhouse


Brazil is a global agribusiness powerhouse, with BRF S.A. (NYSE) holding a prominent position in the poultry market. As costs decrease and margins improve, BRF presents an attractive investment opportunity. This article delves into why investing in BRF shares could yield significant returns, highlighting the company’s strengths, financials, and market potential.

Investment Thesis

BRF, a leading player in Brazil’s commodity export sector, has achieved significant internationalization, mitigating local economic risks. With decreasing costs of key inputs like corn and soybeans, the company is set to improve its margins. Furthermore, BRF’s valuation based on the EV/EBITDA multiple is attractive compared to its sector peers.

BRF’s Market Leadership

According to the United States Department of Agriculture (USDA), Brazil is projected to be the largest exporter of chicken meat in the world by 2024, surpassing the USA and accounting for 36% of global exports. China is expected to be the largest destination for Brazilian chicken, with over 5 million tons exported.

History and Business Model

Founded 90 years ago, BRF is one of the largest poultry meat exporters globally, employing around 100,000 people and operating 60 distribution centers and 44 production units. The company produces over 5 million tons of food annually, serving 300,000 customers in 120 countries.

BRF’s portfolio includes leading brands such as Sadia, Perdigão, and Banvit. The company is also a leader in the Halal market, with a 37.6% market share in the Gulf Cooperation Council countries.

Financial Analysis

BRF’s diversified sales, with around 50% coming from Brazil, help mitigate specific economic risks in each operating region. This diversification strengthens the investment case for BRF shares.

Comparing BRF with Competitors

Here’s a comparison of BRF’s financial indicators with major global chicken meat exporters like Tyson Foods (NYSE) and Pilgrim’s Pride Corporation (NYSE):

BRF showcases balanced financials with the highest revenue growth compared to its peers. The company has a solid EBITDA margin and decent leverage, indicating potential for even better performance.

Improving Margins

Bird feed, primarily soybeans and corn, constitutes one of BRF’s main costs. The bearish outlook for these commodity prices suggests improving margins for BRF. Projections indicate the possibility of reaching an EBITDA margin of 20%, further enhancing the company’s financial health.

Attractive Valuation

BRF’s valuation using the EV/EBITDA multiple indicates significant potential for appreciation. Compared to the sector average of 10.46x, BRF could see a 55% increase in valuation. Over the past five years, the potential appreciation stands at 12%. Combining these indicators suggests a potential appreciation of 33%, implying a fair price of $5.49 per share.

Strong Momentum and Quant Rating

BRF’s strong performance in the Brazilian market, as indicated by its momentum and a strong buy recommendation from the Quant Rating, reinforces the investment thesis. The company’s recent earnings beat market estimates, with revenue aligning with expectations and improved net income due to recovering poultry prices and decreasing feed costs.

Potential Risks

Despite its strong position, BRF faces risks. The company’s significant rise in the Ibovespa index, with a 64% increase in BRL, indicates that much of the potential appreciation may already be realized. Additionally, operations in Rio Grande do Sul could be impacted by heavy rains caused by El Niño, posing a risk to 2Q24 results.


Brazil’s prowess in agricultural commodity exports, combined with BRF’s prominent position in the poultry market and improving margins, makes BRF a compelling investment. The company’s strong momentum and attractive valuation further support this thesis.

Investors should consider BRF’s competitive advantages and market position, as the risk-return ratio appears favorable. Based on this comprehensive analysis, investing in BRF shares is recommended.

Read: Top 10 Largest Beef Producers in Brazil

The post Why BRF’s A Robust Investment in Brazil’s Poultry Powerhouse first appeared on ESS-Feed.

The post Why BRF’s A Robust Investment in Brazil’s Poultry Powerhouse appeared first on ESS-Feed.

The post Why BRF’s A Robust Investment in Brazil’s Poultry Powerhouse first appeared on ESS-Feed.

The post Why BRF’s A Robust Investment in Brazil’s Poultry Powerhouse appeared first on ESS-Feed.

The post Why BRF’s A Robust Investment in Brazil’s Poultry Powerhouse first appeared on ESS-Feed.

The post Why BRF’s A Robust Investment in Brazil’s Poultry Powerhouse appeared first on ESS-Feed.

The post Why BRF’s A Robust Investment in Brazil’s Poultry Powerhouse first appeared on ESS-Feed.

The post Why BRF’s A Robust Investment in Brazil’s Poultry Powerhouse appeared first on ESS-Feed.

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