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Swine Disease Crisis in China
Pork crisis sparks China inflation fears
— by Richard McGregor in Beijing & Jamil Anderlini in Hong Kong

A disease killing millions of pigs in China has sharply lifted the price of pork, the country´s staple meat, fuelling fears about inflation and prompting calls from Beijing´s top leadership for increased production of the meat.

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Korea rejects 66 Tons of U.S. Beef

SEOUL, June 4 Asia Pulse - South Korea will send back 66.4 tons of U.S. beef that failed to meet the country´s import requirements, the government said Monday.

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Brazil Packer buys Swift

Brazil´s leading beef processor and exporter has purchased Swift Foods Co., the third largest U.S. processor of beef and pork, for $1.4 billion.

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Boxed Out
— by Lee Pitts

When a lawyer representing the cattlemen suing IBP for unlawful use of captive supplies explained to Don Tyson that, if successful, the lawsuit could cost Tyson more than what he paid for IBP, the chicken man is said to have responded: "You should be suing Wal-Mart [instead of IBP], they are the problem. They tell us what they will pay and we have no choice but to pay you less."

As hard as this is to admit . . . the poultry plucker may have a good point.

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A Race To The Bottom
— by Lee Pitts

A publisher in a prominent western livestock newspaper suggests that we should not be celebrating R-CALF´s victory to keep the Canadian border closed because of the damage it will do to packers. He says we´re all in this together. In the same boat, so to speak. And when one end of the boat sinks the other will too. He says that the packers and large feeders have the same goals as ranchers, to which we say . . . horse pucky! Their goals could not be more opposite. The packers and their strategically aligned feeders want to buy your cattle as cheap as they can and you, no doubt, want to sell them as high as you can. Do those sound like common goals to you? No, this is a war and the packers were winning, cruising along in their armor plated battleships, while ranchers were paddling upstream against heavy winds in kayaks and canoes.

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