(JBSs.infoinvest.com.br)

JBS misses estimates as financial expenses soar

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, on Monday reported second-quarter income that missed estimates as a spike in net financial expenses and its struggling South American operations weighed on results. JBS reported quarterly net income of 309.8 million reais (C$123.6 million), below a consensus estimate of 603 million reais and […] Read more








(Photo courtesy Canada Beef Inc.)

Mexico to accept OTM Canadian beef this fall

Mexico will resume “fully normalized” trade in beef products with Canada starting Oct. 1, accepting imports of Canadian beef from cattle over 30 months old (OTMs). The Canadian Cattlemen’s Association and Canadian Meat Council announced the move in separate releases Tuesday, following a joint statement by Mexican President Enrique Pena Nieto and Prime Minister Justin […] Read more

Earls president Mo Jessa took to YouTube on Wednesday to announce the company will work with Alberta ranchers to source beef meeting its criteria. (Earls.ca)

Earls retreats from U.S. beef sourcing

Canadian upscale-casual dining chain Earls Restaurants has pulled back from its recent public commitment to the “Certified Humane Beef” brand. Mo Jessa, president of Vancouver-based Earls, said Wednesday the company will instead begin to “work with local ranchers to build our supply of Alberta beef that meets our criteria” for animal care and treatment. The […] Read more


(Photo courtesy Canada Beef Inc.)

Korea’s temporary ban on Canadian beef lifted

South Korea’s temporary ban on imports of Canadian beef and veal, imposed after Canada’s discovery of a 19th case of BSE in February, has been lifted as of Wednesday. Agriculture Minister Lawrence MacAulay and Trade Minister Chrystia Freeland announced the Korean government’s decision Thursday. South Korea had re-imposed its ban on Canadian beef after the […] Read more