22Nov
Uruguay cattle prices higher and stable
admin
The industry press to adjust prices down and farmers resist. As anticipated, the market is heading for a gradual decline. Although the industry persists in order to adjust to the low prices maintained a significant demand. The producer resists prices going down, supported by favorable climate [...]
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15Nov
News US export 40,000mt of broiler meat to Ghana by 2012
admin
A total of 40,000 metric tons of broiler meat are expected to be imported into Ghana from the United States by the end of 2012, the US Department of Agriculture (USDA) has projected. The Department’s value of the projected volume of poultry export is estimated at $50 million, according to a [...]
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14Nov
JBS earnings rise in recovering beef market
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JBS SA, the world’s biggest beef producer, posted a third-quarter profit of 367 million reais ($178 million) on Tuesday, driven by its strong beef business in Brazil and recovering U.S. poultry operations. A weaker Brazilian currency also helped JBS recover from a quarterly loss of 68 million [...]
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12Nov
Marfrig to sell up to $141.8M in shares
admin
Brazilian meat packing company Marfrig Alimentos SA (MRRTY, MRFG3.BR) Monday said it plans to sell up to 141.75 million shares in an exercise which could amount to 1.5 billion Brazilian reais ($740 million). Marfrig will use the money from the sale of shares to reinforce its capital structure. [...]
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06Nov
Grain prices dip despite lower crop estimates
admin
Informa Economics raised its estimate for the US soybean crop less than many investors had expected, and unexpectedly cut its hopes for corn output, but the data provided only temporary relief to crop futures on a weak day for risk assets. Informa lowered its estimate for the US corn crop by [...]
Read more Grain prices dip despite lower crop estimates
06Nov
E.Coli beef rejections in Germany
admin
The rejection of at least nine chilled beef containers produced by a major Argentine packer, found to be contaminated with E.Coli 157, has spiced up the trade gossip at a particularly tense time of year. A routine health and safety check in a Hamburg restaurant first identified [...]
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05Nov
JBS to buy Brazil poultry producer Agroveneto
admin
JBS SA, the worlds largest beef producer, said on Monday it signed a deal to buy local poultry processor Agroveneto for 128 million reais $63.02 million just months after its first move into Brazils poultry sector. JBS will acquire Agroveneto, which specializes in ground poultry meat, by [...]
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