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

JBS sells LatAm units to Minerva

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Sao Paulo | Reuters — JBS SA has agreed to sell plants in Argentina, Paraguay and Uruguay to rival Minerva SA for US$300 million, as the world’s largest meatpacker seeks cash to weather a corruption scandal that caused a spike in funding costs. JBS will use proceeds from the transaction to cut debt, according to […] Read more
(JBSS.infoinvest.com.br)
Beef Cattle, Livestock, Reuters

JBS parent to pay record fine in leniency deal

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Brasilia/Sao Paulo | Reuters — J+F Investimentos, controlling shareholder of the globe’s largest meatpacker JBS SA, agreed to pay a record-setting 10.3 billion real (C$4.3 billion) fine for its role in corruption scandals that threaten to oust President Michel Temer, Brazilian prosecutors said. The settlement means that Brazil’s three-year sweeping graft investigations have now led […] Read more
(JBSs.infoinvest.com.br)
Livestock, Reuters

JBS scandal might reduce Brazil meat supplies, industry group says

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Sao Paulo/Cuiaba | Reuters — An unfolding corruption scandal involving meatpacker JBS SA may reduce meat supply in Brazil, potentially benefiting rivals of the world’s largest beef exporter, industry group Abrafrigo said. Since the scandal broke, JBS and ranchers have been at odds, with the company deciding to stop buying cattle for cash and producers […] Read more
(JBSsa.com)
Livestock, Reuters

JBS brothers test dealmaking skills in Brazil plea deal showdown

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Sao Paulo/Washington | Reuters — The brothers whose deft dealmaking helped build JBS SA into the world’s No. 1 meat processor are testing that talent like never before as they seek a leniency deal with prosecutors after admitting to paying millions of dollars in bribes to Brazilian politicians. JBS and its controlling shareholder J+F Investimentos, […] Read more
(JBSsa.com)
Livestock, Reuters

JBS delays but does not give up on U.S. IPO plan

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Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has delayed but not ditched its plan to list a U.S. subsidiary this year despite a series of investigations targeting the company’s owners, CEO Wesley Batista said Tuesday. A court last week ruled the CEO and his brother Joesley, fellow founder and current JBS […] Read more
Animal welfare research is becoming about the emotional state of the animal rather than its health, Dr. Ed Pajor says. (John Greig photo)
Livestock

Greig: Animal welfare research focusing more on emotional states

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Animal welfare research is moving beyond identifying what keeps an animal healthy, to focus more on their state of being and their happiness. For years, farmers have justified the way they manage and house animals based on objective measures of their health: disease prevalence, growth rates and feed consumption. Consumer research, however, shows that’s not […] Read more
The Collins Bay Institution at Kingston, Ont. includes maximum, medium and minimum security facilities for up to 720 male inmates. (CSC-scc.gc.ca)
Livestock

Four farmers named to panel on Ontario prison farms

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Four eastern Ontario farmers have been named to a new seven-member advisory panel on the “potential reopening” of two federal penitentiary farms at Kingston. Correctional Service Canada (CSC) on Thursday announced the panel members, who are expected to hold their first meeting next month and to “engage with community stakeholders” on the farms’ possible reopening. […] Read more

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