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A recent ban on the sale of cattle for slaughter will limit access to growing markets.
Post-scandal squeeze on finances sparks asset sales, cutbacks.
ABC and a South Dakota meat producer announced a settlement Wednesday in a $1.9 billion lawsuit against the American network over its reports on a lean, finely textured beef product that critics dubbed “pink slime.”
China’s market halted in 2003 when the U.S. investigated a case of bovine spongiform encephalopathy (BSE) from an imported dairy cow. Up to that point, the U.S. was China’s largest supplier of beef.
Wesley and Joesley Batista have combined debt of $790 million.