Meat and Poultry Industry News

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Tyson Foods Inc. told investors that its second fiscal quarter has been more challenging than anticipated due to margin compression in its Beef and Pork segments.

Adjusted Operating Earnings for the year increased 8.1% to $280.0 million following strong second half results.

The USDA has said that U.S. meat processors, who would have to essentially shut down while inspectors were laid off, would lose about $10 billion in production.

USDA weekly export sales data showed that Japan bought 10,900 tons in the week ending Feb. 17, the most since 2010.

Smithfield Packing Company is recalling approximately 38,000 pounds of pork sausage that may contain small pieces of plastic, likely from gloves.

Vilsack said in a February 12 letter that, although furloughs are "the least desirable option," there was no other way to satisfy the impending cuts.

Smithfield leads the industry in the production of ractopamine-free pork.

Net sales for the first quarter of fiscal 2013 were $595.8 million compared with $517.8 million for the same period a year ago.

The Hillshire Brands Co. presented at the Consumer Analyst Group of New York's (CAGNY) annual conference.

China wants a third party to verify that U.S. pork shipped to the country is free of the ractopamine feed additive.