Brazil beef barons’ Wall Street listing caps a return from exile

Brazil beef barons’ Wall Street listing caps a return from exile

Meat packer JBS began trading on the New York Stock Exchange on Friday

Brazilian meatpacker JBS begins trading on the New York Stock Exchange on Friday, capping a stunning comeback by brothers Joesley and Wesley Batista less than a decade after they were jailed in a record-breaking corruption scandal and forced into the backseat of their global food empire.

Brazilian meat packers have said higher corn prices in that country will be passed on to chicken consumers.

Brazil antitrust regulator opens probe

Move comes after executives of meat packers JBS and BRF said corn prices would be passed on


Reuters – Brazilian antitrust regulator Cade on Jan. 30 opened an investigation into meat packers JBS SA and BRF SA, according to a decision signed by the agency’s superintendent. The decision said the probe was launched based on an article in Brazilian newspaper Valor Economico that described executives of the two companies saying at an