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TheMeatSite Newsletter - 30 April 2014

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TheMeatSite
Wednesday 30th April 2014.
Chris Harris - TheMeatSite Editor in Chief

Chris Harris
Editor in Chief


Zoetis

WH Group Stops Share Offer

The international flotation of the Chinese pig processing company WH Group, the parent company for Smithfield Foods and Shuanghui, has been stopped.

The company was hoping initially to raise more than $4 billion.

Late last week the number of shares put on offer was halved, slashing the amount that WH Group was hoping to gain from the international share offering.

Now the company has stopped the deal going ahead completely.

The company said it has made the decision not to proceed with the IPO because of deteriorating market conditions and recent excessive market volatility.

The company consulted the Joint Sponsors and decided that the Global Offering should not proceed at this time.

The International Underwriting Agreement relating to the International Offering will not be entered into and the Hong Kong Underwriting Agreement relating to the Hong Kong Public Offering will not become unconditional.

Money that was paid in advance for the shares will be repaid.


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This Week's Articles and Analysis

Rising Meat Demand for China in Next Decade
There are signs of robust demand for meat and feed grains in China as the country moves into a new stage of development, according to James Hansen and Fred Gale of the USDA Economic Research Service (ERS) in 'Amber Waves'.

Tuberculosis and Other Mycobacterial Infections
Tuberculosis in pigs can be caused by uncooked waste food or contaminated milk in their diets according to a paper by by Charles O. Thoen of Iowa State University in a fact sheet from Pork Information Gateway in which he looks at epidemiology, pathogenesis, USDA regulations, diagnosis, control and the prevention of tuberculosis in pigs.

Ultrasound to Cut Salmonella in Chicken Meat
A research project at the Georgia Tech Research Institute in Atlanta demonstrates that ultrasound may be useful for reducing Salmonella levels on poultry meat in the processing plant. Its efficacy was enhanced when it was used in addition to chemicals.

Prevalence and Risk of Campylobacter in Broilers in Spain
Factors that appeared to decrease the risk of Campylobacter infection in broilers in southern Spain were the existence of an entrance room to access the poultry house and drinking water treatment, according to a research from the University of Cordoba.

Company News

Associated Seafoods Promote Scottish Smoked Salmon at Seafood Expo Global
SCOTLAND - Following the successful completion of a major upgrade of its processing facility in Buckie, Scotland, Associated Seafoods Ltd (ASL) is now looking forward to the forthcoming Seafood Expo Global exhibition in Brussels where it will be showcasing its range of top-end Scottish smoked salmon and shellfish products.
New Zoetis Demonstration Farm Showcases IMPROVEST
US - Zoetis has opened a demonstration farm in Greensburg, Indiana. to broaden understanding on the use of immunological castration (IC) in US pork production systems.
Market Reports

China Wholesale Prices - 29 April 2014
EBLEX Cattle Weekly - 25 April 2014
China Wholesale Prices - 28 April 2014
BPEX Weekly Export Bulletin - Week 17
Irish CSO Reports: Livestock Slaughterings March 2014
Portland Fish Exchange Prices - 24 April 2014
China Wholesale Prices - 25 April 2014
USDA International Meat Review - 25 April 2014
USDA Poultry Slaughter - 24 April 2014
USDA Livestock Slaughter - 24 April 2014
Portland Fish Exchange Prices - 23 April 2014
China Wholesale Prices - 24 April 2014
AHDB Pig Market Weekly - 24 April 2014

Global Meat Industry News

   Hong Kong

WH Group Stops Public Share Offering
WH Group Cuts Shares on Offer in IPO

   Brazil

BRF Sees Good Growth First Quarter
Brazil Investigates Atypical Case of BSE

   New Zealand

NZ Sheep and Beef Farm Profits to Increase
New Zealand Lamb Export Volumes Fall while Values Rise

   Norway

Strong Quarter for Marine Harvest

   China

Live Poultry Markets to be Closed in South China
Royal Opening for Arla Chinese Technology Centre
Chinese Farm Produce Prices Continue to Fall

   France

First Whelk Fishery Enters MSC Sustainable Assessment
Korean Inspectors Visit French Meat and Dairy Plants

   Mexico

Bachoco Sees Sales Fall Profits Rise

   United States

Pork Checkoff Updates Transport Quality Assurance Programme
CME: Dramatic Shortfalls in Red Meat, Poultry Production
Maintaining Markets for US Pork
Lower Cost of US Pork Production Continues
Cattle On Feed, Marketing, Placement Figures Down
Complaint Filed Against Poultry Plant over Unsafe Practices
Pork Checkoff Announces Search for America's Top ChopGriller
Domestic Beef Price Outstripping Imported Values
Tighter Meat Supplies Than Last Year
No Easy Answer to Grain or Grass-Fed Beef Debate

   United Kingdom

Price Drop for British Beef
Opportunities Ahead for Scottish Red Meat Industry
UK Spot Bacon Base Price is Now 169p
Challenge from Dairy Sector to Make a Difference
Sales Profits Grow at Fane Valley

   European Union

EU Pig Prices Range from Steady to Increasing

   India

Kwality Dairy Plans $50 million Investment on Dairy Expansion
India's Milk Production To Hit 177 MT By 2019-20

   Finland

Atria to Cut Jobs at Jyväskylä Plant

   Canada

Canadian Government Invests in Poultry Processor
Boost for Canadian Pork Marketing
Grant to Manitoba Beef Producers to Monitor Bovine TB

   Global

Yum Brands Storms Back in China
Nutreco Revenues Rise
US, Japan Leaders Vow to Enhance Bilateral Ties
How are EU Markets Reacting to Russian Ban on European Pig Meat?

   Russian Federation

Cherkizovo Poultry, Pork and Grain Sales Rise
Russia Blocks More Polish Milk as Safety Row Continues
Meat Production in Russia Increases by 4.5 per cent

Events/Promotions

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