Markets in 60 seconds: 3/31/14

Markets in 60 seconds: 3/31/14

Pork to Russia: Russia has approved two of Smithfield Foods' U.S. plants to export beta-agonist-free pork products to Russia that were produced after March 6, 2014. In addition, four cold storage facilities were approved on March 20 to handle pork products from pigs raised without beta-agonists. Those facilities are Caroline Cold Storage in North Carolina and Cloverleaf Cold Storage in South Carolina, North Carolina and Virginia.

Beef ban: After finding traces of the steroid trembolone, Russia has implemented a temporary ban on beef imports from the Australian unit of JBS S.A. Russia will make a final ruling on whether it will impose a nationwide ban for all Australian beef.

Poultry from Korea: Last week, the U.S. Department of Agriculture's Food Safety & Inspection Service announced a final ruling that allows the import of poultry products from South Korea. After reviewing Korea's poultry law, USDA determined that the country's regulations and inspections were equal to the U.S. food safety program. Certified Korean plants will be able to export poultry products to the U.S., effective May 27.

Poultry to China: China approved five additional poultry plants in Brazil to export poultry products into the country. According to the Brazilian Poultry Assn., Brasil Foods, JBS facilities in Seara and Amparo and Chicken Bello all were approved, which now brings the total number of qualified plants to 28.

Volume:86 Issue:13

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