Cargill officials said the decision to sell was made, “After an extensive review of its portfolio and alternatives for the future of its poultry business in China.”
Based on US pork production declining after a record-breaking 2020, pork prices and domestic availability for pork resulted in lower demand at the end of 2022, although still strong when considering five-year averages.
With a family-owned tradition dating back to 1941, Land O’Frost Inc., based in Lansing, Ill., has steadily grown as a respected processor of retail-based sliced lunch meats over the years.