Latest News From Bloomberg

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Longest Cattle Rally Since 1960s Burger Boom Ends as Herd Grows (Video)

A mountain of meat has ended the longest rally in U.S. cattle prices since at least the 1960s, when baby boomers and McDonald’s Corp. ushered in the American burger boom.

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JBS Sinks Most Since 2009 on Report Former Shareholder Probed

JBS SA, the world’s largest beef producer, fell the most since 2009 after a report that former shareholder Grupo Bertin is involved in Brazil’s largest ever corruption scandal.

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Saudi Arabia to Take 20% Stake in Brazil Beef Producer Minerva

Saudi Arabia agreed to take a 20 percent stake in Minerva SA in a transaction that will raise as much as 1.56 billion reais ($390 million) for one of Brazil’s largest beef producers and help it gain better access to markets in the Middle East.

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Canada Won't Budge on Tariff Threat Until U.S. Repeals Meat Rule

Canadian trade officials are not taking retaliatory tariffs off the table until the U.S. moves to repeal country-of-origin labeling requirements for meat.

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Congress to Repeal Meat-Label Rules to Stop $1 Billion Penalty

Congressional negotiators crafting a spending plan have agreed to a provision that would repeal country-of-origin labeling requirements for U.S. meat, an attempt to stave off $1 billion in Canadian and Mexican retaliation against American goods.

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Japan's Pampered Cows Eat Cheap Feed to Get Profit on $250 Steak

The most-expensive meat in the world is getting a little cheaper to produce.

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Congress to Repeal Meat-Label Rules to Stop $1 Billion Penalty

Congressional negotiators crafting a spending plan have agreed to a provision that would repeal country-of-origin labeling requirements for U.S. meat, an attempt to stave off $1 billion in Canadian and Mexican retaliation against American goods.

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Macri Eliminates Argentine Farm Export Taxes on Wheat, Corn

Argentine President Mauricio Macri carried through on a campaign pledge by eliminating export taxes on agricultural goods including beef, wheat and corn while cutting a tariff on soybeans by 5 percentage points.

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Cattle King's Ranch Down Under to Be Carved Up for Overseas Sale

One of Australia’s most iconic cattle companies, with ranches that span an area more than twice the size of Switzerland, is being broken up to clear the way for a foreign takeover,

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Farming Flourishes Amid Brazil's Fiscal Mess

Financial and political turmoil that put Brazil on the brink of a depression also is contributing to one of the best years ever for domestic farmers.

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Record Canada Beef Prices Ready to Drop as Herd Sizes Climb

Canadians may soon pay less at the supermarket for steak.

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Fattest-Ever U.S. Cattle Herd Signals End to Record Beef Prices

Cattle in the U.S. are now the fattest they’ve ever been, signaling an end to the seven-year run of record beef prices just as losses begin to mount for American feedlot owners.

Argentina Opens for Business at Last

Farmers across the fertile pampas are getting ready to empty silo bags of corn and soybeans after years of withholding part of their crop in anger over tax policies.

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JBS Posts Record Profit

JBS SA’s third-quarter profit more than tripled as a currency slump in the Brazil real boosted revenues at the world’s largest meat producer.

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The Real Cattle Class: 747 Full of Cows Feeds China Beef Craving

China's building up their beef industry with cattle flown in from Australia.

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Tyson Tumbles After JPMorgan Rating Cut, WHO Cancer Judgment

Tyson Foods Inc., the largest U.S. meat producer, dropped the most in more than two months after JPMorgan Chase & Co. downgraded its rating on the stock and the World Health Organization said eating processed meat is a cancer hazard.

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Shoppers See Higher Prices for Eggs, Sirloin at Grocery Stores

U.S. retail costs for eggs and boneless sirloin steak rose to records in September, defying an increase in meat and poultry production that sent prices for chicken and other grades of beef lower.

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California Enacts Strict Antibiotic Law for Animal Agriculture

California just passed a bill to sharply limit the use of antibiotics in farm animals, making it the first state to ban the routine use of the drugs in animal agriculture.

McDonald’s Revamps Build-Your-Own Burger Program to Draw Diners
McDonald’s Revamps Build-Your-Own Burger Program to Draw Diners

 McDonald’s Corp., seeking to snap a sales slump by letting diners customize meals, is renaming its build-your-own burger program and replacing two unpopular flavors.

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Organics Deepen Veggie Roots but Struggle in Meat Aisles

Organic foods are seizing shelf space in the fresh food sections of U.S. grocery stores, but struggling to break into the bread and meat aisles.

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In Hungry Venezuela, JBS Commands Market for Meat

For JBS, the Venezuelan market now has special significance. It has a $2.1 billion contract and provides almost half the meat and a quarter of the chicken eaten by 28 million carnivorous Venezuelans.

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McDonald’s Is Not Quite Lovin’ Burger King’s ‘McWhopper’ Plan

McDonald’s Corp. gave a cool reaction to Burger King’s proposal to sell a hybrid “McWhopper” sandwich for charity, suggesting the two companies should aim higher in an attempt to “make a difference.

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Bison Is the New Beef as Diners Swap Steak for Grass-Fed Game

The growing appetite for bison is part of a wider trend toward organic foods, a small but expanding part of the food industry.

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Chicken War With U.S. Shows Free Trade Threat to Vietnam Farmers

Hanoi chicken farmer Nguyen Huu Tuyen blames inexpensive poultry imported from the U.S. for the loss of almost $14,000 this year.

Cargill
Cargill Sticks With Emerging Markets After First Loss Since 2001

Cargill Inc. said it’s still committed to its operations in emerging markets despite an economic slowdown that contributed to the agricultural-commodity producer and trader’s first quarterly loss in 14 years.

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Hamburglar Generates Buzz But Not Burger Sales for McDonald’s

While he was a sensation on social media, the new Hamburglar didn’t succeed at his main job: promoting McDonald’s sirloin burgers.

BT_Stocker_Cattle
Sequent Aims to Lure Buyers in $30 Billion Veterinary Market

The group aims to create a global top-10 veterinary drug business in five years by acquiring companies that give it access to the cattle and poultry industries in the U.S., Brazil and Australia.

Indonesia Cuts Live Cattle Import Quota in Blow to Australia

Australia’s live cattle shipments to Indonesia are set to plunge this quarter after the biggest buyer cut its import quota by 80 percent to rely more on domestic supply.

Chicken_Poultry
Perdue Farms Says It Attracted Suitors, Has No Plans to Sell

Perdue Farms Inc. has attracted interest from potential domestic and international suitors as protein demand expands globally, although the third-largest U.S. chicken producer says it plans to continue as a family-owned business.

Steakhouses Lack Sizzle as U.S. Business Diners Tighten Belts

High-priced U.S. steakhouses are seeing lackluster sales this year as some corporate diners curb their appetite for porterhouse and rib-eye.

BT_Beef_Steaks_Grill
It Does Not Matter Whether Your Steaks Are Canadian: Editorial

The latest international controversy is happening on your dinner plate. The question at issue: Do you have a right to know which country your steak came from?

BT_Stocker_Cattle_Steers
Expensive Steaks Here to Stay as Drought Cuts Canada Cattle Herd

Cattle supplies are so tight in Canada that meat plants are running at 74 percent of capacity, a seven-year low, forcing processors to pay a premium for animals to slaughter.

BT_Irish_Beef
Irish Beef: Delicious, Disease-Free Import Steaks

Beef from Ireland is making it's way across the Atlantic to the U.S. for the first time in nearly 20 years.

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McDonald’s Supplier Jumps 9% as Unit Sale Lifts Brazilian Stocks

The Brazilian supplier of meat to McDonald’s Corp. and Burger King Worldwide Inc. led gains in the Ibovespa after selling its U.K. unit for about $1.5 billion.

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Beef King JBS Buys U.K. Unit for $1.5 Billion

Marfrig Global Foods SA bonds and shares soared after JBS SA agreed to buy its unit in the U.K. for about $1.5 billion to extend its push into processed foods.

French Cattle Ranchers Protest Shrinking Exports, Falling Prices
French Cattle Ranchers Protest Shrinking Exports, Falling Prices

Squeezed by 16 months of falling prices and a shrinking export market, French cattle ranchers turned to protests this week at 18 slaughterhouses around the country.

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Vegan DJ Moby Beefs With California Farmers Over Drought Crisis

Best known for platinum records in the early 2000s that put a techno sheen on blues and soul, the 49-year-old is taking on the drought-stricken state’s $46.4 billion agriculture industry with a petition calling for restrictions on how much water farmers may use.

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Texas Floods Will Bring Cheaper Beef

Flooding in Texas might help rebuild cowherds in the state and lower beef prices.

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Who’s Murdering Thousands of Chickens in South Carolina?

Details of a chicken killing spree come to light in a crime that looks to be retaliation for a payment program pitting farmer against farmer in an effort to stay profitable in the poultry business.

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Drought's End Could Bring Cattle Herd Expansion

With the drought over, ranchers are preparing to expand U.S. herds that had shrunk to the smallest since 1952 and sent beef prices surging to records.

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Brookfield Said to Raise $300 Million for Brazil Farmland Fund

Brookfield Asset Management Inc., Canada’s largest alternative asset manager, reportedly has raised $300 million for a new agricultural fund targeting Brazilian farmland.

Senior Boots
Your Salad Lunches Are Killing American Leather

Reduced cattle production and beef consumption has been negatively impacting the leather industry.

BT_Australian_Beef
Beef Seen Declining by ANZ as Australia Defies Trend on Drought

Global beef prices may decline on rising U.S. pork and poultry supply and on signs that demand from some emerging markets is weakening, Australia & New Zealand Banking Group Ltd. said.

BT_Brazil_Amazon_Cattle
Brazilian Meatpackers Soar After China Lifts Beef Embargo

JBS SA, the world’s largest meat producer, surged after China officially removed an embargo on beef imports from Brazil, the world’s biggest beef exporter. Marfrig Global Foods SA and Minerva SA also posted strong gains.

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Cheap Dollar Maintains Appeal of U.S. Assets for Beef King

JBS SA, which became the biggest meat company in the world by spending $5 billion to buy U.S. companies, says U.S. assets remain attractive with the dollar’s rally against emerging-market currencies just getting started.

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Tyson Foods Says Bird Flu’s Primary Effect Is Lost Export Sales

Tyson Foods Inc., the largest U.S. chicken processor, said the primary effect of the current avian influenza outbreak has been lost export sales and that the company can cope with the resulting change in poultry supplies.

mcdonalds
Is It Too Late for McDonald’s to Save Itself?

There once was a time when McDonald’s was just a restaurant. “Billions” weren’t part of the brand or the plan or the problem.

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The Biggest Chicken Seller in the U.S. Is Eliminating Antibiotics

Tyson Foods will phase out human antibiotics in the chickens it raises by by September 2017, playing catch-up with Perdue, which reports 95 percent of its chickens already are grown without them.

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New Jersey-Sized Ranch for Sale Down Under as Kidman Sells

One of the world's largest ranches and 155,000 cattle are up for sale.

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Ikea Adds Veggie Balls to Lure Vegan Shoppers Into Restaurants

Ikea dished out a vegan-friendly version of its famed Swedish meatballs on Wednesday, aiming to lure more shoppers to furniture stores that already sell close to a billion meatballs a year.