Michael Hirtzer

Business, Top 100

Tyson Earnings Top Estimates on Beef Demand

Tyson Foods truck Capital Area Food Bank of Texas

Tyson Foods Inc., the biggest U.S. meat company, reported better-than-expected fiscal second-quarter earnings and raised its sales forecast as beef markets strengthen and the company increases prices to pass through higher costs.

Michael Hirtzer | Bloomberg News
May 10, 2021
Government, Business, Logistics

Top Pork Producer Smithfield Makes Room in Freezers for Vaccine

The Smithfield Foods logo is displayed on boxes at the company's processing facility in Missouri. Daniel Acker/Bloomberg News

Smithfield Foods Inc., the world’s biggest pork producer, is willing to share space in its ultra-low-temperature freezers to store COVID-19 vaccines, the company said Dec. 3 in an emailed statement.

Michael Hirtzer | Bloomberg News
December 3, 2020
Government, Business, Safety, Logistics

China’s Meat Testing Threatens to Derail US Pork Exports

An employee handles a Smithfield Foods pork belly on a production line in China. An employee handles a Smithfield Foods pork belly on a production line in China. (Qilai Shen/Bloomberg News)

China’s move to test imported meat for the novel coronavirus is threatening to derail trade with the world’s largest pork consumer, hurting American farmers who had seen shipments boom.

Michael Hirtzer | Bloomberg News
June 17, 2020
Government, Business, Logistics

As China Halts US Soy Purchases, ‘Unknown’ Buyers Step Up

Soybean Harvest Soybeans being harvested on a farm (Daniel Acker/Bloomberg News)

While China announced it has halted imports of American soybeans, a mysterious buyer has stepped up. The U.S. Department of Agriculture announced Aug. 7 a sale of 165,000 metric tons of the oilseed to “unknown destinations.”

Michael Hirtzer | Bloomberg News
August 7, 2019
Business, Logistics

Corn in Recovery Mode With Summer Weather Here

Corn Daniel Acker/Bloomberg News

After a cold, soggy start to the season, it’s finally feeling like summer in the Midwest, and corn fields are recovering. A turn toward warmer weather should be beneficial for the battered crop, and government data signal that conditions are starting to bottom out.

Michael Hirtzer | Bloomberg News
July 9, 2019
Government, Business, Logistics

Surging Corn Prices Put US Wheat Back in the Feed Trough

Corn Daniel Acker/Bloomberg News

A looming shortfall in U.S. corn production after a historical spat of wet weather means wheat is back on the menu at cattle feedlots in the southern Plains.

Michael Hirtzer | Bloomberg News
June 26, 2019
Government, Business

Soybeans May Be Next Market to Surge as Wet Weather Drags On

Soybeans Soybeans are unloaded from a grain truck in Tiskilwa, Ill., on Sept. 27. (Daniel Acker/Bloomberg News)

Corn prices have been on an epic run. Now, soybeans could soon be catching up.

Michael Hirtzer | Bloomberg News
June 24, 2019
Government, Business, Logistics

China Buys Most US Pork in Two Years as Futures Extend Rally

Pork Daniel Acker/Bloomberg News

China, the world’s largest consumer of pork, made its biggest purchase of the meat from the U.S. in nearly two years as African swine fever reduces hog herds and drives up prices.

Michael Hirtzer | Bloomberg News
March 15, 2019