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(JBSsa.com)
Livestock

JBS sees margins up in 2017 as feed, cattle costs fall

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Sao Paulo | Reuters — Brazilian meatpacking giant JBS SA expects profit margins to improve over the course of this year, CEO Wesley Batista said on Tuesday, as lower cattle and feed costs and healthier markets ease the pressures that hurt 2016 results. JBS shares rose two per cent in Sao Paulo despite lower-than-expected earnings
Manitoba in the past decade has imposed restrictions on intensive hog production in a bid to reduce the nutrient load on the Red River heading north toward Lake Winnipeg. (Dave Bedard photo)
Livestock

Investors press meat producers to cut water pollution

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Reuters — Forty-five large investors collectively managing C$1.6 trillion in assets are pressing some of the nation’s largest meat producers to set policies for reducing water pollution in their feeding, slaughtering and processing operations. The investors, who are members of sustainability non-profit advocate Ceres and the Interfaith Center on Corporate Responsibility (ICCR), sent letters to
(JBSS.infoinvest.com.br)
Livestock

JBS scraps reorganization after Brazil veto

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Sao Paulo | Reuters — JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world’s biggest beef exporter tumbling and dealing a blow to a plan to become a global food processing powerhouse. In a Wednesday securities filing, Sao Paulo-based JBS
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Major Alberta cattle feeder set to shut feedlots

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Reuters — One of Canada’s biggest cattle feeding operations, Western Feedlots, said Wednesday it will close feeding operations after marketing the cattle it currently owns, due to poor market conditions. Closure of Western’s feeding operations, likely early in 2017 once its current cattle are sold, will make it more difficult for ranchers to find markets
(JBSS.infoinvest.com.br)
Beef cattle, Livestock

JBS chiefs return to posts

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The CEO and board chairman of the world’s biggest beef exporting firm say they’ve received clearance from a Brazilian federal court to return to their positions, after being ordered off the job last week. Brothers Wesley Batista and Joesley Batista, the CEO and board chairman respectively at Brazilian meat packing giant JBS, were among several
(JBSS.infoinvest.com.br)
Livestock

JBS CEO ordered to step aside in Brazil pension fund probe

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Brasilia | Reuters — Brazilian police launched an investigation of fraud at state-run companies’ pension funds on Monday, as a judge ordered dozens of senior financiers and executives away from their firms, including the CEO of the world’s biggest beef exporter. Police carried out five arrests, more than two dozen interrogations and over 100 search
(JBSsa.com)
Beef cattle, Hogs, Livestock

JBS quarterly profits beat expectations

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Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meat processor, posted better than expected second-quarter profits on Wednesday, helped by a sharp increase in revenues from its pork business in the U.S., said the company. São Paulo-based JBS earned 1.657 billion reais (C$650 million) in net income last quarter, compared with 252

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