REUTERS: Tyson Foods Inc in February will stop buying U.S. hogs raised with a growth drug banned by China, the company said on Thursday, as global meat suppliers seek an edge in boosting sales to Chinese buyers facing a huge pork shortage due to an outbreak of a fatal pig disease.
"Of course it's all to pave the way to get ready to start shipping very large amounts of pork to China," said Dennis Smith, a commodity broker for Archer Financial Services in Chicago. Chinese authorities blocked the use of ractopamine in livestock in 2002 over health concerns. The European Union also prohibits the drug, although the United States and other countries say it can be safely used to add lean muscle to pigs.
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