JBS Archives - Page 11 of 22 - Manitoba Co-operator

A worker checks the temperature of a passenger arriving into Hong Kong International Airport with an infrared thermometer on Feb. 7, 2020. (Photo: Reuters/Hannah McKay)

Coronavirus disrupts China meat imports, food supplies

Swine fever has created pork shortage

By GFM Network News, Karl Plume, Tom Polansek February 7, 2020

Chicago | Reuters — Coronavirus is disrupting meat shipments to China as the country faces a shortage due to an outbreak of a fatal pig disease, Tyson Foods Inc and U.S. agricultural groups said on Thursday. An outbreak of African swine fever, which infects only pigs, has decimated China’s herd, pushing Chinese pork prices to

Livestock, Markets

Chinese meat packing giant locks in JBS supply

By GFM Network News, Gfm Staff January 27, 2020

The world’s biggest pork packer is poised to source additional beef, poultry and pork from the world’s biggest meat packing firm. Brazil’s JBS announced Monday it has signed a memorandum of understanding with Hong Kong-based WH Group for “supply and distribution of fresh beef, poultry and pork to the Chinese market” starting in the first

Livestock

JBS says U.S. IPO would not change headquarters

By GFM Network News, Reuters December 6, 2019

Sao Paulo | Reuters — Brazilian meatpacker JBS SA said in a securities filing late on Friday the company is considering a U.S. listing of its international assets but not a change of its headquarters. The company said it expects to have a capital structure that allows it to compete “on equal footing” with international

Hogs, Livestock

Tyson bans ractopamine from its U.S. hog supply

By GFM Network News, Tom Polansek October 17, 2019

Reuters — Tyson Foods 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. The halt in the

Livestock

U.S. senators seek probe of JBS

By GFM Network News, Reuters October 8, 2019

Brasilia | Reuters — Two U.S. senators called on the U.S. Treasury on Tuesday to open an investigation into the world’s largest meat processing company, Brazil’s JBS S.A. , due to alleged ties with the Venezuelan government of leftist President Nicolas Maduro. President Donald Trump’s government has imposed sanctions on dozens of top Venezuelan officials

Hogs, Livestock

JBS USA to produce pork without ractopamine

By GFM Network News, Tom Polansek October 4, 2019

Chicago | Reuters — JBS USA will remove a growth drug banned by Beijing from its U.S. hog supply, the company said on Friday, accelerating the competition for pork exports as China grapples with a devastating pig disease. The meat packer’s move away from the drug ractopamine, a feed additive, shows how companies are maneuvering

CME December 2019 hogs with 30-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets

U.S. livestock: Hogs extend losing streak

By GFM Network News, Mark Weinraub October 4, 2019

Chicago | Reuters — U.S. hog futures fell for the fourth day in a row on Friday, extending a losing streak that pulled prices off a two-week high hit on Monday. Traders said gains in the futures earlier in the week outpaced cash market strength and the spread between the two markets needed correcting. Cattle

Wagyu beef on skewers at a Tokyo market. (Michal_Staniewski/iStock/Getty Images)

Beef cattle, Livestock, Markets

Japan deal levels field for U.S. beef, but sales surge unlikely

By GFM Network News, Linda Sieg, Tom Polansek September 26, 2019

Tokyo/Chicago | Reuters — U.S. beef exporters, unhappy after President Donald Trump pulled out of a multilateral trade pact in 2017, stand to sell more meat in Japan after the U.S. leader and Japanese Prime Minister Shinzo Abe cut a deal to slice into tariffs. But agriculture experts say that for now, that boost may

Beef cattle, Livestock

Brazil’s JBS says it uses satellites to monitor cattle suppliers

By Ana Mano, GFM Network News August 29, 2019

Sao Paulo | Reuters — The world’s largest meatpacker JBS SA is closely monitoring the origin of the cattle it buys in Brazil amid heightened concerns about environmental preservation and sustainable business practices, its CEO said Wednesday. Speaking at an industry event in Sao Paulo, JBS CEO Gilberto Tomazoni said the company is using satellite

Workers sit outside the Tyson Fresh Meats processing plant at Holcomb, Kan. on Aug. 12, 2019, three days after a fire heavily damaged the facility. (Photo: Reuters/Adam Shrimplin)

Beef cattle, Livestock, Markets

USDA to probe beef market after Tyson plant fire

By GFM Network News, Tom Polansek August 28, 2019

Chicago | Reuters — U.S. Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef on Wednesday after a recent fire at a Tyson Foods slaughterhouse in Holcomb, Kansas, shut the plant. Cattle prices have tanked because the fire temporarily eliminated a key buyer of livestock. Producers have worried that meat

Daily Network News

U.S. livestock: Cattle, hog futures rise on first WASDE since September

U.S. export sales include only small soybean business to China

U.S. corn and soybean yields revised down by USDA

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