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Beef Cattle

(JBSS.infoinvest.com.br)
Beef Cattle, Livestock, Reuters

JBS shuts seven plants in Brazil after asset freeze

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Sao Paulo | Reuters — Brazilian meatpacker JBS SA shut down seven slaughterhouses in Mato Grosso do Sul after a court-ordered asset freeze affected its operations in Brazil’s second largest cattle-producing state, a press representative said on Wednesday. The world’s largest meatpacking company said in an emailed statement that the plants would stay closed until […] Read more
James Hargrave (second from right) in September 2016 with provincial Agriculture Minister Oneil Carlier, Medicine Hat MLA Bob Wanner and Environment Minister Shannon Phillips. (AlbertaGrazingLease.ca)
Beef Cattle, Livestock, Weather

Alberta rancher, advocate James Hargrave, 34

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A leader in southern Alberta’s cattle ranching community died in a vehicle crash while helping fight wildfires along the Alberta/Saskatchewan border on Tuesday night. Cypress County officials have identified the firefighter as James Hargrave, 34, a volunteer with the fire station at Walsh, Alta., about 50 km east of Medicine Hat. Alberta’s Agriculture Minister Oneil […] Read more
Beef Cattle, Cattleman’s Corner, Markets

Market saying ‘sell calves now’

Market Update: With current supplies prices will get worse before they get better


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Alberta fed cattle prices were hovering in the range of $132 to $134 in late September as the market absorbs a large year-over-year increase in beef production. Wholesale values have been grinding lower throughout the fall while restaurant and retail demand move through a seasonal soft period. Carcass weights have been increasing and it appears […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Klassen: Feeder cattle market surges

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Western Canadian feeder cattle markets experienced a precipitous bounce over the past week. Compared to seven days earlier, yearling traded $4-$6 higher; calf markets were trading $3 to as much as $10 above week-ago levels; prices for feather-light bawlers surged with 300- to 400-pounders touching the magical $300 level in some areas. Optimal weather enhanced […] Read more
(JBSs.infoinvest.com.br)
Beef Cattle, Livestock, Reuters

JBS pulls plan for U.S. unit IPO

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Sao Paulo/Brasilia | Reuters –– JBS SA has pulled a planned US$500 million U.S. initial public offering of processed food subsidiary JBS Foods International BV, almost six months after a spree of corruption and food safety scandals in Brazil hurt investor demand for the deal. In a Friday filing with the U.S. Securities and Exchange […] Read more
Beef on display in a market in Japan. (File photo)
Beef Cattle, Livestock, Markets, Reuters

Japan to propose changes to beef import safeguards in talks with U.S.

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Tokyo | Reuters — Japan will propose changes to its safeguard mechanism on frozen U.S. beef imports that will shorten review periods and allow importers to voluntarily lower import volumes to prevent tariffs from automatically kicking in, two government sources said on Thursday. The proposal will be made at the second round of the U.S.-Japan […] Read more
(JBSsa.com)
Beef Cattle, Livestock, Reuters

JBS owners ‘profited’ from inside information, Brazil police say

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Brasilia | Reuters — Brazil’s police investigation into insider trading by the owners of the world’s largest meatpacker JBS SA has found that they made a profit by taking financial positions before details of their plea bargain deal with prosecutors became public, the head of the probe said Tuesday. Police chief Edson Garutti, told Globo […] Read more

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