Sao Paulo | Reuters — Brazil’s federal police on Thursday formally asked prosecutors to bring charges against brothers Wesley and Joesley Batista, the owners of meatpacker JBS SA, for insider trading. The Batista brothers saved as much as 138 million reais (C$54 million) through allegedly illegal market dealings in May, police said. The insider trading […] Read more
Brazil formally accuses JBS owners of insider trading
Toromont to buy Cat dealer Hewitt
Reuters — Toromont Industries said Monday it would buy privately held Hewitt Group for about $1.02 billion in cash and shares to expand its network of heavy equipment dealers in Eastern Canada. Through the deal, Concord, Ont.-based Toromont will acquire Hewitt’s 45 Caterpillar dealerships in Quebec, the Maritimes, Labrador and Ontario, increasing the number of […] Read more
McDonald’s to start cutting global antibiotic use in chickens
Los Angeles | Reuters — McDonald’s Corp. on Wednesday said that it would begin curbing the use of important human antibiotics in its global chicken supply in 2018, as the fast-food giant joins a broad effort to battle dangerous superbugs. McDonald’s is requiring suppliers of its broiler chickens to begin phasing out the use of […] Read more
Out of the fire: Rescued piglets served to U.K. firefighters
London | Reuters — Young pigs that were saved from a fire in southwest England earlier this year have been served to their rescuers as sausages by the farmer who wanted to thank the firefighters for their efforts. The 18 piglets and two sows were rescued after an electrical fault set hay on fire at […] Read more
U.S. seeks WTO dispute panel on China’s grain import quotas
Geneva | Reuters — The United States has requested a World Trade Organization panel be set up to investigate Chinese tariff-rate quotas (TRQ) for agricultural products, the WTO said on Monday, setting up a showdown between the two largest economies. The row, which includes tariffs for wheat, rice, and corn, was initiated under the Obama […] Read more
China’s Cofco to partner with Growmark on U.S. grain supply
Reuters — China’s state-owned Cofco International Ltd. (CIL) and U.S. farm co-operative Growmark on Friday announced a new grain supply partnership which they say will enhance links between U.S. grain production areas and global markets, including China. The partnership is the latest expansion move by CIL after it invested US$3 billion to buy Noble Group’s […] Read more
Troops to help cull fowl in Philippines’ bird flu battle
Manila | Reuters — The Philippines will deploy hundreds of troops to hasten a cull of about 600,000 fowl, the farm minister said on Wednesday, as part of efforts to rein in the Southeast Asian nation’s first outbreak of bird flu. There has been no case of human transmission after the flu was detected on […] Read more
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
Ahead of NAFTA talks, Canada says dispute mechanism essential
Ottawa | Reuters — An effective dispute settlement mechanism is essential in any trade agreement, Canada’s foreign affairs minister said on Friday, less than a week before the first round of negotiations on the North American trade pact. Canada’s desire to include a dispute settlement mechanism in a renegotiated North American Free Trade Agreement (NAFTA) […] Read more
Italy demands origin labels for pasta, rice
Rome | Reuters — All packets of pasta and rice sold in Italy will have to include labels of origin showing where the produce was grown, the government ruled on Thursday, a move aimed at protecting local farmers. The agriculture and industry ministers signed a decree ordering the new labelling policy, saying it would run […] Read more
Canadian Cattlemen Presents: Depth of Field
