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(CIA.gov)
Beef Cattle, Livestock, Reuters

Canada, other countries raise meat inspection bar for Brazil

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Reading Time: 2 minutes Winnipeg/Chicago | Reuters — Meat-importing countries from North America to Europe and Asia have tightened inspection standards for shipments from Brazil in a bid to protect consumers, following a probe into possible corruption involving inspectors. The Canadian Food Inspection Agency (CFIA) said on Wednesday that the tighter inspection standards it enacted in April have resulted […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Livestock, Reuters

Brazil farm minister heads to U.S. over fresh beef ban

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Reading Time: 2 minutes Sao Paulo | Reuters — Brazil’s agriculture minister prepared to travel to the U.S. on Friday to fight a ban on imports of fresh Brazilian beef, which hit shares of local meatpackers and revived concerns about the image of the world’s largest beef exporter. “We will fight for this market!” said the minister, billionaire soy […] Read more
(USDA.gov via Flickr)
Beef Cattle, Livestock, Reuters

U.S. bans fresh Brazil beef imports over safety concerns

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Reading Time: 2 minutes Chicago | Reuters — The United States halted imports of fresh Brazilian beef on Thursday, the U.S. Department of Agriculture said, after a high percentage of shipments failed to pass safety checks. USDA had “recurring concerns about the safety of the products intended for the American market,” after increasing tests on Brazilian beef in March, […] Read more
(JBSS.infoinvest.com.br)
Beef Cattle, Livestock, Reuters

Brazil blocks JBS deal, seeks asset freeze

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Reading Time: 2 minutes Brasilia | Reuters — A Brazilian judge has blocked JBS SA’s planned sale of a South American unit while the attorney general’s office urged the company’s assets be frozen, in signs of fallout from a corruption probe involving the controlling shareholders of the world’s No. 1 meatpacker. Federal Judge Ricardo Leite blocked JBS’s US$300 million sale […] Read more
(JBSsa.com)
Beef Cattle, Livestock, Reuters

JBS aims to shed Alberta feedlot in divestment plan

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Reading Time: 2 minutes Sao Paulo/Chicago | Reuters — Brazilian meatpacker JBS SA revealed a major divestment plan Tuesday, putting its Alberta cattle feeding assets and others on the block to cut debt after a corruption scandal raised concerns about its financing costs. JBS, whose controlling shareholder recently agreed to pay a massive leniency fine after becoming embroiled in […] Read more
(JBSs.infoinvest.com.br)
Beef Cattle, Livestock, Reuters

Abu Dhabi fund not eyeing bid for JBS, source says

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Reading Time: 2 minutes Abu Dhabi/Sao Paulo | Reuters — Shares of JBS SA erased gains on Friday after a source denied that Abu Dhabi sovereign wealth fund Mubadala Development Co. PJSC was arranging partners to make a bid for control of the world’s largest meatpacker. A person with direct knowledge of Mubadala’s strategy told Reuters that, despite a […] Read more
(JBSS.infoinvest.com.br)
Livestock, Reuters

Brazil federal police raid JBS on insider trade probe

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Reading Time: 2 minutes Sao Paulo | Reuters — Brazil’s federal police on Friday raided the offices of JBS SA to investigate the alleged use of insider information in financial market dealings, pushing shares in the embattled meatpacker to a two-week low. Police said there were indications that JBS and controlling shareholder FB Participacoes SA gained an unfair advantage […] Read more
(JBSsa.com)
Livestock, Poultry/Eggs, Reuters

JBS says Pilgrim’s Pride stake not for sale

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Reading Time: < 1 minute Chicago | Reuters — Brazilian meat packer JBS SA’s core U.S. assets, including its majority stake in Pilgrim’s Pride Corp., are not for sale, the company said on Wednesday, a day after announcing a deal to sell Argentine operations. U.S. chicken company Pilgrim’s Pride is critical to JBS’ long-term strategy of pursuing business opportunities that […] Read more

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