Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

African swine fever ripples through pork industry, denting Hormel's profits

 


African swine fever in China is taking a toll on Hormel Foods Corp., digging into its latest profit and forcing the company to raise prices on most of its pork-related products.

The disease has devastated China's hog population, killing 150 million to 200 million hogs, more than U.S. farmers produce in a year. As the world's largest producer and consumer of pork, China's situation led to extreme volatility in global pork pricing that hurt Hormel.

http://www.startribune.com/african-swine-fever-tariffs-and-recalls-eat-into-hormel-s-profit/510317952/

 

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