JBS, WH Group have momentum challenge as Chinese meat inspections return

Ags - Meat/Dairy 246 Brazil 378 China 2905 Japan 572 South Korea 550 Trade Deals 978 U.S. 5211

Chinese city authorities have restarted inspections of imported frozen meat amid concerns about the spread of COVID-19. Meat supplies to China have also been complicated by trade policy including the potential end of the phase 1 trade deal with the U.S. in December 2021. U.S. seaborne exports of meat to China are already in decline, with shipments down by 7.4% year over year in Q2’21. The downturn has been led by smaller shippers including Mountaire whose shipments fell by 50.1%. Even large suppliers including JBS and WH Group have experienced a downturn with shipments which fell by 9.7%...

Copyright © 2021 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.