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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 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 on 6/16/20 at 8:27 am to member12
Those meat packing industry workers are heroes. The same as grocery store stockers, truckers, and the men who stormed the beaches of Normandy.
Posted on 6/16/20 at 8:27 am to member12
I never saw much of a pork shortage. Beef, on the other hand, had some availability issues.
Posted on 6/16/20 at 8:28 am to member12
The Chinese own Smithfield.
Posted on 6/16/20 at 8:29 am to member12
Smithfield is a Chinese company. This isn’t surprising.
Posted on 6/16/20 at 8:30 am to FieldEngineer
Never had a single thing I went to the store for that I couldn’t find.
Except cleaning products.
Except cleaning products.
Posted on 6/16/20 at 8:34 am to brass2mouth
Pork seems to be cheaper than usual.
Beef is ridiculous.
Beef is ridiculous.
Posted on 6/16/20 at 8:37 am to nes2010
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 on 6/16/20 at 8:42 am to jlovel7
quote:
Smithfield is a Chinese company. This isn’t surprising.
Tyson had a record month as well
Posted on 6/16/20 at 8:44 am to GetCocky11
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.
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 on 6/16/20 at 8:45 am to member12
help me decide. should i be happy or outraged?
Posted on 6/16/20 at 8:51 am to bird35
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 on 6/16/20 at 8:53 am to member12
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 on 6/16/20 at 8:55 am to FieldEngineer
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 on 6/16/20 at 8:57 am to bird35
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 on 6/16/20 at 9:01 am to Codythetiger
What town are you in Cody? I will find you some cheap pork close.
Posted on 6/16/20 at 9:18 am to member12
You do realize Smithfield is wholly owned by the Chinese correct?
Posted on 6/16/20 at 9:36 am to Hangit
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
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 on 6/16/20 at 9:52 am to bird35
quote:
Beef is ridiculous.
Brisket is ON SALE for $8.99 lb.
Posted on 6/16/20 at 10:23 am to member12
Smithfield China man own. Hopsing bought them out last year.
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