The American meat industry has expressed disappointment in the US Trade Representative’s decision to appeal a World Trade Organization (WTO) ruling that said Country Of Origin Labelling (COOL) was against trade regulations.
The American meat industry is worried about the consequences of a decision by major retailers to stop selling ground beef containing lean, finely textured trimmings (LFTB), commonly known as ‘pink slime’.
The Canadian government has committed to investing a further C$3m to the Beef InfoXchange System (BIXS), which the industry claims will help improve productivity and efficiency throughout the beef chain.
US food manufacturer Hormel Foods has reported a 14% drop in profits in the first quarter of 2012, down to $128.4m from $148.8m in Q1 2011. Overall sales were up 6% to $2.04bn, despite a 2% decline in volume.