Sao Paulo | Reuters — The Brazilian agriculture ministry said on Thursday that Thailand, Iran and Jordan have temporarily suspended imports of beef from Brazil while authorities investigate a case of BSE in an animal from Para state, according to a statement sent to Reuters. The ministry also confirmed that Russia has halted imports from
Several countries ban Brazilian beef as BSE probe goes on
Russia among those halting imports
Lower cattle prices to fatten Brazilian meatpackers’ margins
Reuters – A decline in Brazilian cattle prices this year and strong demand for the country’s beef exports will widen Brazilian meatpackers’ margins in the short term, according to analysts, though weakness in the domestic market could undercut those gains. Live cattle prices on the Sao Paulo market are on a downward trajectory, with the
Pricey grains to bring down Brazil beef prices
Reuters – Brazilian ranchers are likely to send fewer cattle to feedlots in the second half of 2022 as feed becomes more expensive, intensifying downward pressure on beef prices, the chief executive officer of meat packer Minerva says. Rising prices for inputs used in animal feed, such as corn and soybean meal, are pushing farmers
China’s hog output recovers, drags on Brazil pork exports
China's total Q1 pork imports down 64 per cent
Sao Paulo | Reuters — Brazilian pork exporters are grappling with a drop in volumes shipped to their main buyer, China, which has increased its pork meat production after an outbreak of African swine fever in 2018. ASF forced China to cull millions of hogs and increase imports. China continued to be Brazil’s top pork
Brazil plays down BSE risk in suspect cases in people
Sao Paulo/Rio de Janeiro | Reuters — Brazil’s agriculture ministry said that two cases reported on Thursday of a neurodegenerative disorder in patients in Rio de Janeiro state were not related to beef consumption, tamping down fears of possible BSE causing human illness. Federal biomedical institute Fiocruz, which is investigating the possibility of bovine spongiform
Brazil halts China exports after confirming two mad cow disease cases
Reuters – Brazil, the world’s largest beef exporter, has suspended beef exports to its No. 1 customer China after confirming two cases of “atypical” mad cow disease in two separate domestic meat plants, the Agriculture Ministry said. The suspension, which is part of an animal health pact agreed between China and Brazil and is designed
China’s buyers expect Brazil’s beef back soon despite BSE cases
Beijing | Reuters — Chinese beef importers said Monday the suspension of exports by top supplier Brazil due to two cases of BSE has had no immediate market impact, with some still making purchases in anticipation of a quick resumption of trade. Brazil said on Saturday it had confirmed two cases of ‘atypical’ bovine spongiform
Brazil meatpackers JBS, BRF stung by feed costs in home market
Reuters – Brazilian meat packers JBS SA and BRF SA have both acknowledged they are struggling to pass on higher feed costs to consumers in their home market although JBS sounded a more bullish tone given its big U.S. exposure. Both companies reported they had swung to first-quarter profits after losses a year ago. JBS,
Brazil’s beef packers halt production as cattle prices soar
Reuters – Brazilian beef packers are halting production in selected locations, as a rise in costs that cannot be passed through to consumer prices have squeezed their margins, sources and industry representatives told Reuters. Multiple small, medium and large production facilities have gone through stoppages or remain idle as they adjust supply to demand, said
JBS profit bolstered by weak currency, strong Chinese and U.S. markets
China became third largest beef export market for JBS Canada, company says
Sao Paulo | Reuters — Meat processor JBS SA’s fourth-quarter profit rose 65 per cent from a year earlier, boosted by strong food sales in China and the U.S. and a sharp devaluation of Brazil’s real currency, the company said in a securities filing on Wednesday. For full-year 2020 its profit was 4.6 billion reais,
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