The Global Livestock Report

China’s Customs Authority (GACC) announced the approval of U.S. poultry and pork processing plants, while continuing to restrict beef import opportunities from that country. For production starting June 12 onward, 78 poultry plants, 18 pork plants, and five dual-species plants were approved, according to OIG.

Imported beef held in cold storage in China rose moderately in May compared to the previous month, according to the index compiled by the monthly publication of OIG+X.

Cargill has announced an agreement to acquire 100% ownership of Teys Investments, an Australian beef producer in which it already held a stake. The Teys family, which has operated the business for over 75 years, decided that the time was right to transfer full ownership to Cargill. The move is part of a strategy to ensure the continuity and growth of both Teys Australia and Teys USA—two key players in the global beef industry.

In the first quarter of 2025, EU exports of pork and pork products to third countries reached 1,107,475 tons, according to the latest data published by the European Commission, informed Pig333. This represents a 3.11% increase over the same period last year.

Compared to the prior market test, US beef import prices were moderately higher.

World leaders across the political spectrum are attempting to mitigate the warring between Israel and Iran. The attacks on oil depots in Iran could threaten oil supplies in the world. Escalating war threats also impair world trading including beef shipments to export destinations. Monday’s mood was somewhat calmer and oil prices moderated in overnight trading.