01 March 2015 | Online since 2003



1 May 2009|News

United States-Tyson pig farms.




UNITED STATES-TYSONS PIG FARMS.
Local pork farms owned by Springdale-based Tyson Foods Inc. are under closer scrutiny following the swine flu outbreak that originated in Mexico and has spread to the United States in recent days.


Tyson does not operate any pork processing facilities in the affected areas, but the company said its subsidiary’s hog farms in eastern Oklahoma, Northwest Arkansas and parts of Missouri are tightening biosecurity protocols to protect hogs from the virus.

Shares of Tyson Foods fell 9 percent Monday, closing at $9.96. Analysts predict pork sales will likely suffer because China and Russia have already banned imports from affected states, and Mexico is the largest buyer of U.S. pork.



None of Tyson Foods’ six pork export plants have been delisted regarding the flu outbreak, the company confirmed. Tyson operates pork plants in Iowa, Indiana and Nebraska.



"Governments often impose trade bans on sentiment rather than science," said Farha Aslam, food analyst with Stephens Inc. She pointed to the mad cow scare, and its lingering impact on the U.S. beef industry since 2003.



The federal Centers for Disease Control and Prevention said people cannot get the hybrid influenza from eating pork or pork products.



"Our pork products are safe," said Gary Mickelson, Tyson spokesman.



He sighted a statement from the CDC Web site that indicates the virus is contagious and believed to be spreading from human to human. None of the 40 U.S. cases of swine flu resulted from contact with pigs and so far no pigs in the U.S. appear to be sick with the virus, the centers noted.



That said, economists say the scare in Mexico alone could alter consumer eating habits which in turn could cost Tyson Foods and other U.S. pork processors in future sales revenue.



Aslam said Tyson’s exposure to pork is about 14 percent of its total sales and is more limited versus its exposure to beef and chicken.



Tyson Pork Exports



In 2008, Tyson’s pork exports to Mexico totaled $202.7 million. China purchased $68 million in pork, while Russia spent $45 million.





Download



Comments


No comments posted yet. Be the first to post a comment

To post comment without approval login or register

Display name

Please enter your name

Email (optional)
Comment

Please enter your comment

Post Comment

Your comment submitted successfully.Please wait for admin approval.

Some error on your process.Please try one more time.



Jobs


20 February 2015
Fryer
To apply, please email CV or take CV in person to the shop in West Farm Avenue, Longbenton, FAO Ian Moore....

17 February 2015
Sales Office Administrator
W&S Allely Ltd are non-ferrous metal stockholders based on Bumpers Farm, Chippenham. We are recruiting a new member of st...

20 February 2015
Market Manager - Agriculture / Horticulture - Chemical Distribution
The role requires sales experience / technical knowledge of the UK Agriculture / Horticulture Industry. They are now seeking ...

25 February 2015
HGV Driver
All positions require a valid CPC and Digi card, with experience in agriculture and/ or plant operations being an advantage. ...

12 February 2015
PA - Agriculture - Cambridge (England)
It is essential that the candidate has property experience including commercial and agriculture. My client, based in central ...




Top stories you may have missed
2 February 2015 | Arable
Is EU membership damaging UK farming?

Is EU membership damaging UK farming?

Membership of the EU is damaging the British farming industry, according to...


29 January 2015 | Machinery and Equipment
Drones 'rapidly changing' agriculture

Drones 'rapidly changing' agriculture

BASIS has launched an accreditation for pilots of Unmanned Aerial Systems (...


23 January 2015 | Arable
UK wheat yields have potential to double

UK wheat yields have potential to double

UK wheat yields have theoretical potential to more than double over the nex...


23 January 2015 | Machinery and Equipment
Crowds flock to LAMMA 2015

Crowds flock to LAMMA 2015

Britain’s farmers flocked to Peterborough for the first day of LAMMA’15 to ...


22 January 2015 | Cattle
Don't blame supermarkets for milk crisis...

Don't blame supermarkets for milk crisis...

The crisis in the dairy industry is not the fault of supermarkets, accordin...


16 January 2015 | CLA
Families affected by HS2 face 'major wor...

Families affected by HS2 face 'major wor...

Transport Minister Baroness Kramer visited three rural businesses in Cheshi...


16 January 2015 | Machinery and Equipment
John Deere unveil new 6R tractor range

John Deere unveil new 6R tractor range

Spearheading the John Deere range of mid-size tractors from Mannheim, the n...


14 January 2015 | Animal Health
Monthly TB checks more effective than ba...

Monthly TB checks more effective than ba...

Regular testing for bovine TB could significantly reduce the number of infe...


12 January 2015 | News
Government regulations hampering UK agri...

Government regulations hampering UK agri...

Single-issue policy-making threatens to hamper, not help, the progress of U...


8 January 2015 | Cattle
2015: The year ahead for the beef market

2015: The year ahead for the beef market

2014 has been a “rocky old year” for the beef industry but better prices ar...