Top Federal Reserve officials said on Wednesday the U.S. central bank is “closer” to cutting interest rates given inflation’s improved trajectory and a labor market in better balance, remarks that set the stage for a first reduction in borrowing costs in September.
The company has been cutting back on meat purchases and has made efforts to return to profitability by shuttering chicken, beef and pork plants, as well as laying off corporate employees.
June 6 (Reuters) - The ongoing U.S. outbreak of avian flu in dairy cattle reached Minnesota on Thursday as the state announced its first infected herd.
JBS said on Wednesday that Beijing blocked U.S. beef shipments from the company’s plant in Greeley, Colorado, because traces of the feed additive ractopamine were identified in beef destined for China.
BEIJING, May 18 (Reuters) - Cases of bird flu have been confirmed among wild fowl in western China, the agriculture ministry said on Saturday, as concerns grow over a U.S. outbreak infecting cattle herds.
No H5N1 flu virus was found after cooking ground beef to medium to well done, USDA said in a briefing on Thursday after conducting a study as it addresses concerns over an outbreak of the disease in dairy cattle.
Shares of Brazil’s JBS SA rose 7% in early morning trading on Wednesday after the world’s largest meatpacker reported strong first-quarter results in spite of headwinds faced by its large U.S. beef business.
(Adds details from earnings statement) SAO PAULO, May 14 (Reuters) - Brazil’s JBS SA , the world’s largest meat-packer, on Tuesday reported a net profit of 1.64 billion reais ($319.74 million) for the first quarter,
Tyson Foods surpassed Wall Street expectations for second-quarter profit on Monday, as it begins to reap the benefits of shutting some chicken processing plants to reduce costs.
