JBS Archives - Page 15 of 22 - Manitoba Co-operator

JBS gets nod from Brazil court to divest assets

By GFM Network News, Reuters July 13, 2017

Sao Paulo | Reuters — JBS SA has received permission from a Brazilian appeals court to sell assets as the world’s largest meatpacker copes with fallout from a corruption scandal involving the family that controls it. In a statement on Thursday, JBS said it had learned that Brazil’s Regional Federal Court of the 1st Region

Beef cattle, Livestock

Brazilian top court justice upholds barring JBS asset sale

By GFM Network News, Reuters July 3, 2017

Brasilia | Reuters — A Brazilian Supreme Court justice has upheld a lower court decision that ordered the world’s largest meatpacker, JBS SA, to halt the sale of US$300 million worth of South American assets to Minerva SA , according to a court document. Justice Edson Fachin agreed with a lower court’s ruling that JBS’

Beef cattle, Livestock

Canada, other countries raise meat inspection bar for Brazil

By GFM Network News, Rod Nickel, Tom Polansek June 28, 2017

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

Beef cattle, Livestock

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

By GFM Network News, Roberto Samora June 23, 2017

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

Beef cattle, Livestock

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

By GFM Network News, Tom Polansek June 22, 2017

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,

Beef cattle, Livestock

Brazil blocks JBS deal, seeks asset freeze

By GFM Network News June 21, 2017

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

Livestock, Markets

U.S. livestock: Cattle settle mostly lower on technical selling

By GFM Network News, Michael Hirtzer June 20, 2017

Chicago | Reuters — U.S. live cattle and feeder cattle futures were mostly lower in a technical selloff on Tuesday, with each declining to the lowest levels in about two months before trimming losses. Broad selling in many commodities, led by crude oil, further weighed on cattle at the Chicago Mercantile Exchange. “We had a

Beef cattle, Livestock

JBS aims to shed Alberta feedlot in divestment plan

By GFM Network News, Michael Hirtzer June 20, 2017

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

Beef cattle, Livestock

Abu Dhabi fund not eyeing bid for JBS, source says

By GFM Network News June 16, 2017

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

Livestock

Brazil federal police raid JBS on insider trade probe

By Ana Mano, GFM Network News June 9, 2017

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

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

Tag Archives JBS

JBS gets nod from Brazil court to divest assets

Brazilian top court justice upholds barring JBS asset sale

Canada, other countries raise meat inspection bar for Brazil

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

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

Brazil blocks JBS deal, seeks asset freeze

U.S. livestock: Cattle settle mostly lower on technical selling

JBS aims to shed Alberta feedlot in divestment plan

Abu Dhabi fund not eyeing bid for JBS, source says

Brazil federal police raid JBS on insider trade probe

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