USMEF Statement on East and Gulf Coast Port Announcement

The International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) have released a joint statement announcing an end – at least temporarily – to the work stoppage that shut down East and Gulf Coast ports earlier this week.

U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued the following statement:

On behalf of USMEF’s member companies and organizations, I want to thank all parties involved in the effort to get cargo moving again off the East and Gulf Coasts. This is a tremendous relief to everyone...

ANALYSIS: Mexico’s Livestock Trade Deficit Persists Amid Volatile USD:MXD

The Grupo Consultor de Mercados Agrícolas (GCMA) reported that Mexico's livestock trade balance remains in deficit, driven by increasing domestic prices that spurred record beef and pork imports. Between January and July 2024, meat imports totaled 1.67 million tonnes, a 6.3% increase from the same period in 2023.

Homero García de la Llata, president of Mexicos National Confederation of Livestock Organizations (CNOG), pointed out that several problems and weaknesses are affecting livestock farming in Mexico. These include low productivity, limited financing, and a lack of innovation and technology....

Hormel Foods Elects New Member to its Board of Directors

Hormel Foods Corporation, a Fortune 500 global branded food company, announced today that Debbra Schoneman, president of Piper Sandler Companies, has been elected to the Hormel Foods Board of Directors, effective September 21, 2024.

“I am delighted to welcome Deb to the Hormel Foods board,” said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. “She has an impressive background and brings extensive expertise in finance and corporate development, which will be invaluable as we continue to transform, modernize and grow our...