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Source: Tom Polansek, REUTERS, 2/18/20
Spam-maker Hormel Foods Corp (HRL.N) is eliminating a growth drug banned by China from its hog supply, the company said on Tuesday, joining rivals that are seeking to increase meat sales to Chinese buyers grappling with a pork shortage. Hormel will not accept any hogs that have been fed or exposed to the drug ractopamine after April 1, the company said in a statement. Tyson Foods Inc (TSN.N) and JBS USA said last year they would remove the drug from their supply chains. For more of this story, click here.
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