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.
Analysts claim Marfrig's financial leverage will remain elevated even after the recent sale of assets aimed at reducing debt load.
To date, Eastern Livestock Company owes $130 million to 743 sellers in 30 states.
National Beef, the fourth largest beef packer in the U.S., has announced that the company's purchase of Iowa Premium has been finalized.
Post-scandal squeeze on finances sparks asset sales, cutbacks.
The move by National Beef – the fourth largest beef packer in the U.S. – to purchase Iowa Premium adds additional 1,100 head per day of packing capacity to the company.
A Texas man faces a lengthy prison stay after pleading guilty to five felony charges related to hundreds of cattle thefts in Hill and Limestone Counties.
Eastern Livestock, LLC., one of the oldest and the biggest cattle order buyers in the U.S., has some $81 million in bad checks.