Latest News From Bloomberg

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Tyson Upgraded as Analyst Says Pricing Complaint 'Baseless'

Tyson Foods Inc., the largest U.S. meat processor, had its stock rating raised by an analyst at CLSA who said a class-action complaint alleging price collusion among chicken producers was "baseless" and that investors should buy the company’s stock on strong pork and beef margins.

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Billionaire Rinehart, China Firm Set to Buy Iconic Aussie Ranch

Deal worth about A$365 million needs government approval.

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Cattle Ranchers Their Own Worst Enemy as Large Herds Drop Prices

Quickest buildup in 30 years ‘snuck up’ on beef industry.

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Cargill Profit Jumps 66% on Cattle Herd Growth, Beef Demand

Animal feed and protein unit was biggest profit contributor.

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Cattle Market Beefs Up Trading With Online Deals From Auction

Department of Agriculture to add Fed Cattle Exchange data.

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Is There a Vast Conspiracy to Overcharge You for Chicken?

The $29 billion poultry industry is accused of hatching a plan to limit production.

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Eight-Cent Eggs: Consumers Gobble Cheap Food as Grocers Squirm

Two-for-one sirloins? How about a nice deal on a wagyu steak?

China Ends Complete Ban on Beef From U.S. as Imports Explode
China Ends Complete Ban on Beef From U.S. as Imports Explode

Ban had been in place since 2003 after mad cow disease found.

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China's Fulida to Buy 17% of Australian Cattle Exporter Wellard

Exporter has struggled to pass on record local cattle prices.

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JBS Feels Blow as Brazil's Batista Boys Mired in New Probe

CEO steps down, then says he’s retaking role hours later.

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JBS's Wesley Batista to Return as CEO Hours After Suspension

JBS SA, the world’s largest meatpacker, said late Tuesday that Wesley Batista will return to his post as chief executive officer, just hours after temporarily stepping down amid a probe by Brazilian police into investments made by state-run pension funds.

JBS's Parent Faces Brazil Probe Over Havaianas Loan Agreement
JBS's Parent Faces Brazil Probe Over Havaianas Loan Agreement

Bankers said deal of this size usually would be syndicated.

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Cameroon Closes Down Cattle Market as Militants Turn to Rustling

Boko Haram said to steal cattle to fund arms and food buying.

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Cargill Says More Work to Do as It Reviews Global Empire

Cargill Inc. is continuing to review its sprawling array of businesses as the largest closely held U.S. company tries to recover profitability lost amid a slump in agricultural prices and some commodity-trading missteps.

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Beef Export Bonanza for Brazil as Chinese Eat More Foreign Steak

Chinese consumers are eating more beef than the country can produce, and that’s led to a sales bonanza for exporters in Brazil.

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Saudi Cash Is a Bonanza for Once-Distressed Beef Bonds in Brazil

Saudi Cash Is a Bonanza for Once-Distressed Beef Bonds in Brazil

McDonald's Sales Growth Misses Estimates as Industry Weakens
McDonald's Sales Growth Misses Estimates as Industry Weakens

Analyst warns that U.S. restaurants are heading into recession.

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Holy Cow Urine Industry Gets Boost From Modi's Pro-Hindu Agenda

Distilled urine from female cattle currently fetches at least as much as milk in India.

Chipotle Mexican Grill
Chipotle Executive Put on Leave After Report of Drug Charges

Chipotle Mexican Grill Inc.’s Mark Crumpacker, one of the beleaguered company’s top four executives, was placed on administrative leave following reports that he was linked to a cocaine bust in New York.

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Canada Lifts Mexico Visa Rule in Exchange for Beef Access

Canada will end restrictions on Mexican travelers while its North American partner opens its market further to Canadian beef.

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Chipotle Starts Loyalty Program in Bid to Entice Wary Consumers

Chipotle Mexican Grill Inc., still feeling the fallout from a series of foodborne-illness outbreaks, will introduce a new loyalty program aimed at getting customers back in the door.

ChemChina, New Hope Said to Weigh McDonald's Franchise Bids
ChemChina, New Hope Said to Weigh McDonald's Franchise Bids

China National Chemical Corp. and New Hope Group Co. are among companies considering bids for McDonald’s Corp. operations in the world’s most populous nation, people with knowledge of the matter said.

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Arby's Pushing Into 'Meat-Oriented' Middle East With 25 Outlets

Company also is looking to expand in Asia and Latin America.

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Cheap Beef Is Here for Summer Burgers and $1 Taco Bell Burritos

Retail ground-beef prices fall to lowest in two years and money managers are boosting bets on a rally for cattle futures.

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Chinese Group Drops $281 Million Bid for Australian Cattle Firm

Group plans to structure new deal to win government approval.

Chipotle Sales Tumble 23% as Food-Safety Fallout Persists
Chipotle Sales Tumble 23% as Food-Safety Fallout Persists

Chipotle Mexican Grill Inc. posted first-quarter sales that trailed analysts’ estimates and reported its first loss as a public company, reminding investors the chain faces a long road to recovery from the food-safety crisis that has engulfed it since November.

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Chinese-Led Group to Buy Australia's Most Iconic Cattle Ranch

Chinese-Led Group to Buy Australia's Most Iconic Cattle Rancher

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JBS Made a Fortune on Its Currency Bets. Then, the Tide Turned

JBS SA, the world’s biggest beef producer, made a fortune last year betting against the Brazilian currency. It lost half its windfall when the real rebounded in the first quarter.

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Why Hamburger Helper's Rap-Mixtape Marketing Stunt Worked

"On Twitter, our following is a young, urban, millennial guy making Hamburger Helper in his dorm room."

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Mad Cow Disease Worries Could Lead to Bans on French Beef

The first case of mad cow disease in France in over a decade is making it more likely that some importers will ban beef from Europe’s largest producer.

Bloomberg
Chipotle Considers Opening Chain Under 'Better Burger' Name

Chain is looking at burger concept as possible ‘growth seed'

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Major Snowstorm to Hit U.S. Cattle Herds at Worst Possible Time

Snow is on the way for Wyoming, and it’s coming at the wrong time of year for ranchers.

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Beef: It's What's for Dinner Again

After decades of diners shunning steaks and burgers for healthier protein options such as chicken and turkey, Americans will eat an estimated 54.3 pounds of the red meat this year.

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Suspected Mad-Cow Case Could Put French Beef Exports at Risk

French officials found a suspected case of mad-cow disease in the northern Ardennes region, raising concerns that Europe’s biggest producer could lose access to export markets.  

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Cheaper U.S. Beef Seen Curbing Asian Demand for Australian Meat

U.S. exporters are benefiting from declining Australian supplies and Japan could be the fastest-growing Asian market for U.S. beef.

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Crops Poised for Longest Rally in Four Years on Tighter Supplies

Agriculture prices are heading for the longest rally in four years, as adverse weather and rising demand finally help to reduce the outlook for global gluts of food supplies.

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Beef-Mad Argentina Preparing for Unthinkable as Meat Costs Soar

Beef is now so expensive in Argentina, which once was the third-largest exporter, that slaughtering plants are about to start importing cattle from neighboring countries for the first time in almost two decades.

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When Trump Steaks at a Trump Event Aren't Real Trump Steaks

When Republican presidential front-runner Donald Trump showed off a pile of beautifully marbled steaks atop a butcher board at a Tuesday campaign event, he called them “Trump steaks.” That’s true in the sense that they were steaks, and they were on a Trump property.

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Chinese Bid for Australian Cattle Station Adds Local Partner

One of the Chinese bidders for Australia’s most iconic cattle company is joining forces with a local investment group as it seeks government approval for a foreign takeover.

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Lower Beef Prices Help Boost Profit at Texas Roadhouse

The price for uncooked beef steaks has come down recently, helping earnings at restaurant chains such as Texas Roadhouse Inc.

Land of Steak-Frites Fears U.S. Beef Menace in EU Trade Deal
Land of Steak-Frites Fears U.S. Beef Menace in EU Trade Deal

For Bruno Dufayet, the latest round of trade talks between the European Union and the U.S. could sound the death knell for France’s small cattle farms.

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Burger King's Owner Tops Estimates as New Foods Fuel Sales

Restaurant Brands International Inc., the owner of Burger King and Tim Hortons, reported fourth-quarter profit that topped analysts’ projections after new menu items helped sales at the burger chain.

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Analysts Recommending JBS Say They Really Love It at Lower Price

JBS SA may have become too cheap to ignore. That’s what at least five of the analysts that cover the company said in the last couple of weeks, saying the shares of the world’s largest meat producer were undervalued after falling to the lowest level since 2014 in late January.

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U.S. Farm Income Will Drop for Third Year in Commodity Slump

The U.S. Department of Agriculture forecast that farmers will face a drop in profit for the third straight year as persistent surpluses depress crop and livestock prices.

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NFL Owner Stan Kroenke Buys Texas Mega-Ranch Listed for $725 Million

Stan Kroenke, the billionaire owner of the NFL’s Rams, has agreed to purchase the historic W.T. Waggoner Estate Ranch in Texas, representatives of the ranch said on Tuesday. 

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Beefing Up Down Under: Aussies Find New Boom in China Demand

Australian beef exports to China grow six-fold in three years.

CME Says Cattle Market May Be Broken as Volatility Soars
CME Says Cattle Market May Be Broken as Volatility Soars

CME Group Inc., the world’s largest futures market, moved to curb a recent jump in price volatility in U.S. cattle futures while warning that the derivatives may be “broken” because of changes in the livestock industry.

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China May Resume U.S. Beef Imports in 2016, Ending 12-Year Ban (VIDEO)

China halted imports of U.S. beef in 2003 after a case of mad cow disease was found in Washington state. Now, an industry group is predicting that China, the world’s biggest importer of U.S. agricultural goods, will open its market fully by the middle of this year.

Top Producer visits the Chicago Board of Trade
CME Takes Action to Curb Price Volatility in Cattle Futures (VIDEO)

CME Group Inc., responding to criticism over price volatility in the cattle futures market, announced measures to help curb price swings while denying that high-frequency traders are to blame.

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JBS Tumbles After Executives Accused of Financial Crime

Shares of JBS SA, the world’s largest meat producer, plunged to a 15-month low after Brazil’s public prosecutor accused executives including Chairman Joesley Batista of financial crimes involving a series of loans made to related companies.