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Poultry

(JBSs.infoinvest.com.br)
Livestock, Reuters

JBS gears up for U.S. and Brazil expansions

Brazilian meat giant reiterates plans following strong Q3 results

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Sao Paulo | Reuters — Food processor JBS SA reiterated plans to grow production capacity in Brazil and in the United States after posting strong third quarter results, executives said in a conference call to discuss earnings on Thursday. CEO Gilberto Tomazoni said 12 of the company’s plants in Brazil were being expanded, as JBS […] Read more
(Maple Leaf Foods photo via Facebook)
Livestock, Poultry/Eggs

Quebec poultry packer to shut ex-Maple Leaf plant

Giannone to close Drummondville facility

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The new owner of an antibiotic-free poultry processing plant in the Centre-du-Quebec region is set to shut the plant next week after a “thorough review” of its condition. Volaille Giannone announced Friday it will close the former Avicomax plant at Drummondville effective Nov. 6, after having bought it from Maple Leaf Foods in July for […] Read more
(JBSsa.com)
Beef Cattle, Livestock, Markets, Reuters

JBS to seek damages from founders

Brazil shareholder vote a win for Brazil's BNDES

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Sao Paulo | Reuters — Shareholders in JBS SA on Friday cleared the way for the Brazilian food processor to sue its own controlling stakeholders and certain former managers, a rare victory for shareholder activism in Latin America’s largest economy. The vote was a win for JBS’s top minority shareholder, national development bank BNDES, which […] Read more
Rt. Hon. Don Mazankowski (CNW Group/The Family of Don Mazankowski)
General

Former federal ag minister Don Mazankowski, 85

Long-time Alberta Tory MP deemed a 'minister of everything'

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A private memorial is planned for long-time Alberta MP Don Mazankowski, whose work in the cabinets of prime ministers Brian Mulroney and Joe Clark included a stint as Canada’s minister of agriculture. Mazankowski, the MP for the east-central Alberta riding of Vegreville from 1968 to 1993, died late Tuesday at age 85, his family said […] Read more
(MaryMarin/iStock/Getty Images)
Dairy Cattle, Livestock, Markets

Dairy farmers press feds on compensation promises, again

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Canada’s dairy farmers are again calling on the federal government to make good on its promise to compensate producers, after giving up market share of the supply-managed industry to more foreign competitors through trade pacts. The Liberal government, most recently in its Sept. 23 speech from the throne, has told Dairy Farmers of Canada (DFC) […] Read more
(Sansubba/iStock/Getty Images)
Livestock, Markets, Poultry/Eggs, Reuters

Pilgrim’s Pride strikes deal over U.S. chicken price-fixing charges

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Reuters — U.S. poultry company Pilgrim’s Pride Corp. said Wednesday it will pay a US$110.5 million fine after striking a plea deal with the Justice Department over price-fixing charges on chicken products. The guilty plea makes Pilgrim’s Pride, mostly owned by Brazilian meatpacker JBS, the first U.S. chicken company to reach an agreement with the […] Read more
(JBSs.infoinvest.com.br)
Livestock, Markets, Reuters

JBS parent pleads guilty to U.S. foreign bribery charges

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New York/Rio de Janeiro | Reuters — Brazil’s J+F Investimentos, parent company of the world’s largest meatpacker, JBS, pleaded guilty to U.S. foreign bribery charges and agreed to pay US$128.25 million in criminal fines, prosecutors said on Wednesday. J+F is paying only half of the $256.5 million fines levied due to settlements made with Brazilian […] Read more
The United Nations’ General Assembly Hall in Manhattan. (BWZenith/iStock/Getty Images)
General, Reuters, Weather

World Food Program seeking billions within six months to avert famine

Pandemic may double hunger worldwide, agency says

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London | Reuters — The United Nations World Food Program (WFP) will need to raise US$6.8 billion over the next six months to avert famine amid the COVID-19 crisis, the agency said on Tuesday. The WFP, which was awarded the Nobel Peace Prize last week for its efforts to prevent the use of hunger as […] Read more
(Sansubba/iStock/Getty Images)
Livestock, Markets, Poultry/Eggs, Reuters

U.S. indicts six more chicken-industry execs over alleged price fixing

Case alleges executives conspired to inflate prices for broilers

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Chicago | Reuters — The U.S. government has indicted six more chicken-industry executives over alleged price-fixing, broadening antitrust prosecutions in its probe of the US$65 billion poultry sector. In June, the Justice Department indicted Pilgrim’s Pride CEO Jayson Penn and three others in its first charges in the criminal probe involving broiler birds, which account […] Read more
File photo of uncooked chicken wings. (Mimadeo/iStock/Getty Images)
Livestock, Poultry/Eggs

Ontario meat processor buys into poultry slaughter

ADP Direct buys Cami International

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A growth-minded Toronto poultry and deli meat further-processing company has made a vertical move with a deal for a federally-inspected Niagara-area poultry slaughter plant. ADP Direct Poultry announced Friday it has bought up 100 per cent ownership of Cami International Poultry, a slaughter and processing facility at Welland, Ont., for an undisclosed amount. The deal […] Read more

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