News Pigs
This evening at 3:00 p.m. – Steph Wissink
Nine pork slaughterhouses in the United States are allowed to speed up their slaughter again on a trial basis. The US Department of Agriculture, USDA has decided.
In March of this year, a US court overturned legislation introduced during the presidency of former President Donald Trump. This law made it possible to increase the speed of the massacre by removing the speed limits from the law. However, this policy has been criticized by employee organizations: high speeds have implications for employee safety. In March of this year, a U.S. court ruled that Trump’s policy was illegal. As a result, assassination potential is again reduced.
The union also accepts the improved proposal
The largest union in the meat processing industry is no longer opposed to increasing the slaughter rate in the current investigation. He pointed out that the position of the staff in the new pilot program was also taken into account. Slaughterhouses will collect data on the impact of the process acceleration on employees and share it with the USDA.
Slaughterhouses are operating favorably because they say they can ‘recover lost production’ and the move will help alleviate the difficulties that currently exist in the supply chain.
The futures market responded positively to this news because increasing the slaughter speed from the slaughterhouses would lead to additional demand for pigs. The prices of the first expiring futures contract for pigs (December 2021) increased by $ 1.7 cents per kilo and are now trading at $ 1.67 per kilo slaughter weight.
Steph Wissink
Stef Wissink is an author at Boerenbusiness and writes about current market developments in the milk and pork market. He also follows the Dutch and international agribusiness.
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