Pork belly softness is a major quality defect that has reduced processors’ and packers’ profitability because of its effect on fabrication efficiency, bacon shelf stability, sensory quality and bacon slicing yield.
The transformation and subsequent growth of JBS USA’s Marshalltown, Iowa, pork facility shows the company correctly assessed the untapped potential of its acquisitions.
A significant part of the belief system throughout JBS S.A., according to Wesley Batista, president and CEO of JBS S.A.’s global operations, is that hard work always makes the difference — that miracles do not occur in the meat and poultry business.
CME Group Inc. has dropped its iconic frozen pork bellies contracts after a 50-year run that made it an icon of the global derivatives industry. The Chicago-based exchange operator said it would delist futures and options on pork bellies after volume in recent years fell to just a handful of contracts per month, despite efforts to revive a business once among its most heavily traded, according to Dow Jones.
Pork stockpiles in the U.S. rose 13 percent at the end of April from a year earlier, the government said, as adverse weather and high prices reduced demand.