TheMeatSite Newsletter - 30 April 2014

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Wednesday 30th April 2014.

Chris Harris
Editor in Chief

WH Group Stops Share Offer

The international flotation of the Chinese pig processing company WH Group, the parent company for Smithfield Foods and Shuanghui, has been stopped.

The company was hoping initially to raise more than $4 billion.

Late last week the number of shares put on offer was halved, slashing the amount that WH Group was hoping to gain from the international share offering.

Now the company has stopped the deal going ahead completely.

The company said it has made the decision not to proceed with the IPO because of deteriorating market conditions and recent excessive market volatility.

The company consulted the Joint Sponsors and decided that the Global Offering should not proceed at this time.

The International Underwriting Agreement relating to the International Offering will not be entered into and the Hong Kong Underwriting Agreement relating to the Hong Kong Public Offering will not become unconditional.

Money that was paid in advance for the shares will be repaid.

Featured Book of the Week

Optimum Vitamin Nutrition - In the production of quality animal foods
The vital importance of vitamins for the health of humans and animals was established in the early and mid-20th century, with the main target being to identify the minimum amounts required to avoid deficiency symptoms.
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This Week's Articles and Analysis

Rising Meat Demand for China in Next Decade
There are signs of robust demand for meat and feed grains in China as the country moves into a new stage of development, according to James Hansen and Fred Gale of the USDA Economic Research Service (ERS) in 'Amber Waves'.

Tuberculosis and Other Mycobacterial Infections
Tuberculosis in pigs can be caused by uncooked waste food or contaminated milk in their diets according to a paper by by Charles O. Thoen of Iowa State University in a fact sheet from Pork Information Gateway in which he looks at epidemiology, pathogenesis, USDA regulations, diagnosis, control and the prevention of tuberculosis in pigs.

Ultrasound to Cut Salmonella in Chicken Meat
A research project at the Georgia Tech Research Institute in Atlanta demonstrates that ultrasound may be useful for reducing Salmonella levels on poultry meat in the processing plant. Its efficacy was enhanced when it was used in addition to chemicals.

Prevalence and Risk of Campylobacter in Broilers in Spain
Factors that appeared to decrease the risk of Campylobacter infection in broilers in southern Spain were the existence of an entrance room to access the poultry house and drinking water treatment, according to a research from the University of Cordoba.

Company News

Associated Seafoods Promote Scottish Smoked Salmon at Seafood Expo Global
SCOTLAND - Following the successful completion of a major upgrade of its processing facility in Buckie, Scotland, Associated Seafoods Ltd (ASL) is now looking forward to the forthcoming Seafood Expo Global exhibition in Brussels where it will be showcasing its range of top-end Scottish smoked salmon and shellfish products.

New Zoetis Demonstration Farm Showcases IMPROVEST
US - Zoetis has opened a demonstration farm in Greensburg, Indiana. to broaden understanding on the use of immunological castration (IC) in US pork production systems.

Market Reports