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As Meat Plants Stayed Open to Feed Americans, Exports to China Surged

Posted on 6/16/20 at 8:22 am
Posted by member12
Bob's Country Bunker
Member since May 2008
33146 posts
Posted on 6/16/20 at 8:22 am
quote:

While lobbying to keep operating during the pandemic, the U.S. industry sent a record amount of pork to a country vital to its growth.

NYT

Smithfield Foods was the first company to warn in April that the coronavirus pandemic was pushing the United States “perilously close to the edge in terms of our meat supply.” Tyson Foods also sounded the alarm, saying that “millions of pounds of meat will disappear” from the nation’s supply chain as plants were being forced to close because of outbreaks.

That same month, Smithfield sent China 9,170 tons of pork, one of its highest monthly export totals to that market in the past three years. Tyson exported 1,289 tons of pork to China, the most since January 2017.

In all, a record amount of the pork produced in the United States — 129,000 tons — was exported to China in April.

The data compiled by Panjiva, the supply chain research unit of S&P Global Market Intelligence, and the Department of Agriculture is potentially embarrassing for an industry that trumpeted its role in feeding the American public to argue to keep plants operating during the pandemic. Although some meat companies say much of their exported pork was produced before the outbreak, even previously processed meat could have stocked shelves in April and May.
Posted by PetroBabich
Donetsk Oblast
Member since Apr 2017
5176 posts
Posted on 6/16/20 at 8:27 am to
Those meat packing industry workers are heroes. The same as grocery store stockers, truckers, and the men who stormed the beaches of Normandy.
Posted by FieldEngineer
Member since Jan 2015
3151 posts
Posted on 6/16/20 at 8:27 am to
I never saw much of a pork shortage. Beef, on the other hand, had some availability issues.
Posted by nes2010
Member since Jun 2014
8054 posts
Posted on 6/16/20 at 8:28 am to
The Chinese own Smithfield.
Posted by jlovel7
NOT Louisiana
Member since Aug 2014
24261 posts
Posted on 6/16/20 at 8:29 am to
Smithfield is a Chinese company. This isn’t surprising.
Posted by brass2mouth
NOLA
Member since Jul 2007
20750 posts
Posted on 6/16/20 at 8:30 am to
Never had a single thing I went to the store for that I couldn’t find.


Except cleaning products.
Posted by bird35
Georgia
Member since Sep 2012
13736 posts
Posted on 6/16/20 at 8:34 am to
Pork seems to be cheaper than usual.

Beef is ridiculous.

Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 6/16/20 at 8:37 am to
quote:

The Chinese own Smithfield.


This annoys me.

Meat processing is a very essential American business. It annoys me that the company sold out to the Chinese.
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
70474 posts
Posted on 6/16/20 at 8:42 am to
quote:

Smithfield is a Chinese company. This isn’t surprising.




Tyson had a record month as well
Posted by No Colors
Sandbar
Member since Sep 2010
13803 posts
Posted on 6/16/20 at 8:44 am to
Remember in the 80s when the Japanese were buying all of our real estate? And people were screaming about how we were losing all of our essential industry and assets to the Japanese?

China is a way, way bigger bubble than Japan in the 80s.

They will cycle through this phase, and then start unloading things at bargain prices. Just like every other foreign investment cycle.
Posted by MorbidTheClown
Baton Rouge
Member since Jan 2015
76795 posts
Posted on 6/16/20 at 8:45 am to
help me decide. should i be happy or outraged?
Posted by armsdealer
Member since Feb 2016
12337 posts
Posted on 6/16/20 at 8:51 am to
Where have you been seeing pork cheaper than usual? It is high as giraffe pussy everywhere I have been. My wife picked up some pork and ground beef from Costco that wasn't in the stratosphere price wise, but they had a limit of 2 meat items with slim selections. We do most of our shopping at a local independent store.
Posted by JustSmokin
Member since Sep 2007
9167 posts
Posted on 6/16/20 at 8:53 am to
This is likely the result of the china trade deal signed back in January. They agreed to buy an additional $30 billion of pork over two years.
Posted by tiger91
In my own little world
Member since Nov 2005
40276 posts
Posted on 6/16/20 at 8:55 am to
quote:

Beef, on the other hand, had some availability issues.


I can find it -- but it's gotten pricey. It's cheaper for me to cook more shrimp and fish.
Posted by Codythetiger
Arkansas
Member since Nov 2006
30489 posts
Posted on 6/16/20 at 8:57 am to
quote:

Pork seems to be cheaper than usual


Not sure where you are shopping but I want to go there. Pork increased like 10%. 3 lbs pork butt is like $13 here. I picked one up this past weekend.

I will say however, I'm in a small town with only 1 major grocery store and then a small grocery store so I don't have much, if any selection
Posted by Hangit
The Green Swamp
Member since Aug 2014
47783 posts
Posted on 6/16/20 at 9:01 am to
What town are you in Cody? I will find you some cheap pork close.
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
25170 posts
Posted on 6/16/20 at 9:18 am to
You do realize Smithfield is wholly owned by the Chinese correct?

Posted by Codythetiger
Arkansas
Member since Nov 2006
30489 posts
Posted on 6/16/20 at 9:36 am to
I'm about 50 miles SE of Little Rock

We got multiple Tyson plants around me, all fully running, not sure what's going on with them.

They have pork tenderloins for about $30.00

like 8-10 lbs
Posted by BoogaBear
Member since Jul 2013
7502 posts
Posted on 6/16/20 at 9:52 am to
quote:

Beef is ridiculous.


Brisket is ON SALE for $8.99 lb.
Posted by 4Ghost
Member since Sep 2016
8565 posts
Posted on 6/16/20 at 10:23 am to
Smithfield China man own. Hopsing bought them out last year.
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