Smithfield Foods announced yesterday that it will terminate contracts with 26 hog farms in Utah in an effort to streamline its supply chain for more efficient operations in the face of an industry oversupply of pork, weaker consumer demand and high feed...
Another year of decline is expected for pork production in 2023, after a sharp 5% drop in 2022. Rabobank expects pork production in the EU27+UK to contract by about 3% YOY in 2023.
