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Chinese meat processing giant seeks expansion

WH Group Ltd, owner of Smithfield Foods, the world’s largest pork producer, is said to be seeking for U.S. and European beef and poultry assets so as to intensify competition with meatpacking rivals Tyson Foods and JBS. Although the company is seeking to diversify its portfolio, it says no deals are yet on the table and the targets have not been disclosed.

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Beef boosts Tyson Foods results

One of America’s biggest meat processors, Tyson Foods has reported a 21.3% profit decline in the second fiscal quarter, partly attributed to a fire at two of its chicken production plants that caused a disruption in production and hurt the company’s sales.

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Environmental focus in latest edition of ILM

The market leading 68-page November-December 2016 edition of ILM is now available and has a focus on all aspects of improving the environmental performance related to leather manufacture. There are also articles related to the latest tannery machinery, raw material trends and prices, and market commentary from France and China.

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Tyson boss says high beef prices will continue

High beef prices "are here to stay", boosted by the squeeze on US cattle numbers which may take until the end of the decade to return to 2013 levels and will provide an "umbrella" protecting chicken sector fortunes.

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