Sao Paulo / Reuters – Brazilian meatpacker JBS SA said on Friday it had concluded its $1.45 billion acquisition of Cargill Inc’s U.S. pork assets without any restrictions from regulators, a deal that makes it one of the largest meat companies in the United States. UPDATE: Cargill Illinois hog processing plant offline until Monday Chicago / […] Read more
Brazil’s JBS concludes acquisition of Cargill pork unit
#FreeBacon sizzles on social media
WHO review: Negative tweets outnumber positive ones by more than 6.5 to one
Bacon lovers took to social media on Tuesday to express disdain over a World Health Organization report that said processed meat is likely to cause cancer. The hashtags #FreeBacon, #Bacongeddon and #JeSuisBacon were among the top-trending topics worldwide on Twitter for a second straight day. Celebrities, politicians and ordinary consumers were reacting to Monday’s announcement […] Read more
CME to raise feeder cattle index weight requirements
Chicago | Reuters –– CME Group plans to increase the weight ranges for its feeder cattle index, which is associated with the feeder cattle futures contract, the exchange said in a statement on Tuesday. The amendment will become effective when the November 2016 contract is listed for trading on Nov. 20, after the expiration of […] Read more
Brazil’s JBS considering slew of acquisitions
Sao Paulo | Reuters –– JBS SA, the world’s largest meat packer, is ready to take on a slew of acquisitions next year, chairman Joesley Batista said Tuesday. The Brazilian company controls assets in the U.S., Canada, Australia and other countries. Batista, speaking on the sidelines of a telecommunications industry event in São Paulo, declined […] Read more
Indonesia’s president says country intends to join TPP
Washington | Reuters –– Indonesian President Joko Widodo, speaking after a meeting with U.S. President Barack Obama on Monday, said his country intends to join the Trans-Pacific Partnership trade deal the U.S. has forged with Canada and 10 other countries. “We are the largest economy in Southeast Asia,” Widodo said through a translator. “And Indonesia […] Read more
China to resume imports from U.S. pork plants
Chicago | Reuters — China, the world’s largest pork consumer, will soon resume imports from 14 U.S. pork plants and warehouses, after halting some shipments last year over the use of a feed additive, the U.S. Department of Agriculture said Friday. USDA did not provide a date on which China will resume the imports. China’s […] Read more
Mosaic lays off staff at Sask. potash mine
Reuters — U.S. fertilizer company Mosaic Co. has laid off 46 unionized workers, or eight per cent of the workforce, at its Colonsay, Sask. potash mine, the company said Friday, as producers struggle with weak demand. Potash prices have fallen in the past year due to excessive mining capacity and reduced demand in key markets. […] Read more
Meat industry braces for WHO cancer risk verdict
Paris | Reuters — As international health experts prepare to publish a report on potential cancer risks linked to red and processed meat, industry groups are bracing for a damaging blow to consumer confidence. The World Health Organization’s International Agency for Research on Cancer (IARC) gathered health experts in France this month to discuss available […] Read more
EU to resume beef exports to Canada
Brussels | Reuters –– The European Union is to resume exports of beef to Canada from 19 of its member countries for the first time since 1996, when they were halted in the wake of the BSE scandal. The European Commission said Tuesday that Canada’s action was part of a growing trend to recognize the […] Read more
Mitsui buys half of non-GMO U.S. grain, soybean handler
Reuters — The U.S. arm of Japanese commodities trader Mitsui has bought a 50 per cent stake in Bluegrass Farms of Ohio, a grain handler and breeder of non-genetically modified soybeans, the companies said Monday. The deal, which closed on Friday, is valued at about US$15 million including debt, said Bluegrass owner and CEO David […] Read more
Canadian Cattlemen Presents: Depth of Field
