Markets
Wesley and Joesley Batista have combined debt of $790 million.
Jury selection started Wednesday in a more than $1 billion defamation case over ABC news reports on a South Dakota meat producer’s lean, finely textured beef product, which critics have dubbed “pink slime.” The trial in state court is scheduled to last until late July.
Amid large corruption and bribery scandal, JBS’ new chairman Tarek Farahat vows to restore trust in world’s largest protein company.
JBS owners Wesley and Joesley Batista said to have agreed to a plea bargain.
JBS’s founders are known for both big business and scandals.
Meat producers may lose as much as 10% of market share.
Zhang Lian has 270 tons of frozen Brazilian beef on a ship steaming toward Shanghai that he may not be able to get through customs when the vessel arrives next month.
Imports halted from 1 plant of BRF and 1 Seara facility.
Major importers ban Brazil shipments after food-safety scandal.
The so-called Weak Flesh probe launched Friday by Brazilian police into the alleged bribing of federal inspection agents to clear the sale and export adulterated meat has taken a toll on the world’s largest exporter of beef and chicken.
JBS and BRF launch massive media campaigns to stave off impact.
The Brazilian ag sector is trying to minimize damage both at home and in export markets after allegations of corruption are raised against meat inspectors and accusations of allowing rotten meat into the marketplace.
President Michel Temer called Brazil’s scandal over the sale of expired meat an embarrassment Tuesday as more countries suspended some meat imports from the South American nation.
EU seeking information from Brazil and may schedule meeting. While President Temer calls emergency meeting in Brasilia for diplomats.
Major importers have imposed restrictions on Brazilian meat.
So much for the winter blues. It’s been so balmy across part of the U.S. that Americans have been firing up their grills at a time that’s usually better suited to sipping hot cocoa.
“I hate the stuff,” says a butcher and author of a new cookbook dedicated to beef. He’s not alone.
A Cody, Wyo. company is seeking about $940,000 in financial help from the state so it can beef up sales of its jerky products.
A South Dakota judge has dismissed ABC anchor Diane Sawyer from a defamation lawsuit over the network’s reports on a beef product that critics dubbed “pink slime.”
After more than 200 cattle died on a feedlot in Nebraska, the cattle feeder who was responsible for the animals’ care has pleaded not guilty to 40 charges he faces in the alleged livestock neglect case.
National Beef, the fourth largest beef packer in the U.S., has announced that the company’s purchase of Iowa Premium has been finalized.
Cattle and beef markets have decreased from April highs with uncertainty in a variety of factors weighing on markets the past month.
Beyond Meat makes plant-based protein and Bill Gates is an investor.
The past several weeks of trading in the fed cattle markets have shown that basis is becoming more important to many than the actual cash price.
The U.S. Department of Agriculture also reported a record amount of beef in freezers or cold storage last week.
Beef has a ‘rough start’ in 2017 as wholesale prices drop.
What is going on with the price spread between retail beef and foodservice?
The owner of a now-closed beef-jerky maker is being sued by the federal government for firing an employee who tried to call 911 to help a co-worker with a severed thumb.
USDA has increased its forecast of U.S. beef production.