By Kenny Stancil
The Biden administration's Wednesday announcement allowing several pork processing plants to speed up production was well-received by livestock traders—pleased to see an immediate spike in hog futures—but progressive critics warned that the move will make slaughterhouses, and the nation's food supply, more dangerous.
After the U.S. Department of Agriculture (USDA) unveiled a pilot program that permits nine pork processing plants to apply to accelerate slaughter-line speeds, lean hog futures rose on the Chicago Mercantile Exchange, Reuters reported Wednesday.
"The announcement eased concerns that slower processing speeds had slowed meatpackers' demand for pigs to slaughter," the news outlet noted, citing traders.