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Chickens

(Dave Bedard photo)
General, Markets, Reuters

Deal for Subway chain worth up to US$9.55 billion

Arby's, Jimmy John's parent wins with 'earn-out' deal

By
New York | Reuters — Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the U.S. sandwich chain at up to US$9.55 billion, including debt, subject to targets in its financial performance. The deal marks the conclusion of a drawn-out auction that […] Read more
(Dave Bedard photo)
General, Markets, Reuters

Subway reportedly nears sale to Arby’s owner

Chain's parent firm considering sale since February

By ,
Reuters — Roark Capital, which owns restaurant chains Arby’s and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about US$9.6 billion, the Wall Street Journal reported Monday. A deal could be finalized this week, the report said, citing people familiar with the matter. “Subway does not intend to make any […] Read more
JBS signage at Greeley, Colorado. (JBS.com.br)
Beef Cattle, Livestock, Markets, Reuters

JBS posts quarterly loss on tight U.S. beef margins

'Greater balance' forecasted for global chicken supply

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Sao Paulo | Reuters — Brazilian meat company JBS SA on Monday reported a second-quarter loss citing the negative effects of an oversupplied global chicken market and tighter margins for its beef business in the U.S., where it gets most of its sales. JBS reported a net loss of 263.6 million reais (C$73.8 million), the […] Read more
Turkeys. (Scott Bauer photo courtesy ARS/USDA)
Livestock, Poultry/Eggs

Canada books first month in 19 without bird flu outbreak

Eight commercial poultry farms remain active sites

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June 2023 appears set to be Canada’s first month without a new highly pathogenic avian influenza outbreak in poultry or other domesticated birds since the disease returned to this country in late 2021. Canada has booked 322 outbreaks in domestic birds in the past 19 months, of which 31 were detected so far in 2023. […] Read more
File photo of chicks on a genetic map of a chicken. (Peggy Greb photo courtesy ARS/USDA)
Livestock, Poultry/Eggs, Reuters

Scientists isolate human gene able to fend off most bird flu viruses

Finding may show which bird flu strains have human pandemic potential

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London | Reuters — U.K. researchers have homed in on a human gene implicated in thwarting most bird flu viruses from infecting people. Bird flu chiefly spreads among wild birds such as ducks and gulls and can also infect farmed birds and domestic poultry such as chickens, turkeys and quails. Although the viruses largely affect […] Read more
A chicken salad featuring Upside Foods’ cell-cultivated meat. (UpsideFoods.com)
Livestock, Reuters

U.S. regulator allows first sales of lab-grown meat

Products to go first to high-end restaurants

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Washington | Reuters — Two companies, Upside Foods and Good Meat, said on Wednesday they have received final U.S. Department of Agriculture approval to sell lab-grown meat, paving the way for the nation’s first-ever sales of the product. With the approvals, the U.S. will become the second country after Singapore to allow the sale of […] Read more
Canada warns VCOOL would sabotage shared Canada-U.S. goals, supply chains
Livestock, Markets

Canada warns VCOOL would sabotage shared Canada-U.S. goals, supply chains

The Canadian government has submitted its views on proposed U.S. food labelling rules

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Proposed U.S. country of origin labelling rules run contrary to mutual Canada and U.S. goals to reduce inflation, improve food security and build resilient supply chains, according to a submission from the Canadian government to the U.S. Department of Agriculture. “One of the great strengths of the U.S.-Canada bilateral relationship is the successful integration of […] Read more
File photo of a chicken processing line in Ukraine. (AlexanderLipko/iStock/Getty Images)
Livestock, Reuters

Canada extends Ukraine tariff-free access

Access to supply-managed sectors tightened

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Winnipeg | Reuters — Canada on Friday extended Ukraine’s tariff-free access for most goods, but tightened access for eggs, poultry and dairy — sectors protected under the Canadian supply-management system. Finance Minister Chrystia Freeland said tariff relief for Ukrainian goods such as steel — a temporary measure started a year ago — would continue for […] Read more
(Sierrarat/iStock/Getty Images)
Livestock, Machinery

Animal care council won’t update livestock transport code of practice

NFACC says 'no further action' pending

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After over four years’ publicly funded work to develop an updated national code of practice for livestock transport for Canada, the National Farm Animal Care Council has called a halt. In an information update dated May 1, NFACC said its board has now decided “no further action will be taken” by the council to update […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Livestock, Poultry/Eggs, Reuters

U.S. working on limited bird flu vaccination for turkeys

No decision yet made, U.S. official says

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Paris | Reuters — The United States is working on a bird flu vaccination scenario focusing on turkeys in the few states that gather the largest number of turkey farms, a move that would best meet a benefit-cost strategy, its chief veterinary officer said on Tuesday. However, no decision to vaccinate has yet been made, […] Read more

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