GFM Network News


A variety of factors produced record profits for all processors of fed cattle last year.

Beef packers enjoy purple profit patch

Prime Cuts with Steve Kay

North American beef processors are enjoying an extended period of profits that is unprecedented in the industry’s history. Packers on both sides of the border are seeing margins that would have been unthinkable five years ago. U.S. packers racked up record profits in 2017, surpassed them in 2018 and are on track for more records […] Read more

Marfrig increased its presence in the United States by acquiring a majority stake in Iowa Premium Beef last March.

Brazilians increase U.S. beef industry presence

Prime Cuts with Steve Kay

Brazilian beef behemoth JBS SA sent shockwaves through the U.S. beef industry nearly 12 years ago when it announced it was acquiring Swift and Company, the third-largest beef processor in the U.S. and the largest in Australia, for US$1.4 billion. Little did the industry know that Brazil’s second-largest beef company would eventually buy into the […] Read more


Tyson sells stake in Beyond Meat

Reuters — Tyson Foods said on Wednesday it had sold its 6.5 per cent stake in vegan burger maker Beyond Meat, as the No. 1 U.S. meat processor looks to develop its own line of alternative protein products. The exit comes against the backdrop of rising tensions between the two companies after Tyson CEO Noel […] Read more

Packers have another record year

Prime Cuts with Steve Kay

Converting cattle into beef has never been an easy way to make money. Beef processing involves the need for large amounts of cash, the vagaries of the weather, the possibility of a product recall and the headache of running a plant with enough workers. These and other factors apply to packers both in Canada and […] Read more


Food consumers increasingly want to know how their food is produced, how animals are cared for, and want guarantees that beef is safe and has been produced in a sustainable way.

Tyson leads transparency push on beef production

Prime Cuts with Steve Kay

Consumers in the U.S. and Canada increasingly want to know how their food is produced. As far as beef is concerned, they want to know how animals are cared for, they want guarantees that beef is safe and that it has been produced in an environmentally sustainable way. Until now, the beef industries in both […] Read more

A+W to launch pulseburger next month

Canada’s second-biggest burger chain plans to roll out a new non-meat burger in the Canadian market starting in July. A+W Food Services of Canada on Thursday announced a July 9 release date for what it’s dubbed the Beyond Meat Burger at all its restaurants across the country, in what CEO Susan Senecal called “the fastest […] Read more



Tyson Foods beefs up prepared foods with AdvancePierre buy

Reuters – Tyson Foods Inc, the No. 1 U.S. meat processor, said on Tuesday it would buy packaged sandwich supplier AdvancePierre Foods Holdings Inc for about $3.2 billion in cash, to expand its fast-growing portfolio of prepared food brands. Demand for meat-based snacks has been growing as Americans shun candy and overly processed foods. This […] Read more



Tyson invests in non-meat protein

Reuters — Tyson Foods, the largest U.S. meat processor, took a five per cent stake in plant-based protein maker Beyond Meat amid growing pressure on food companies to reduce environmental and health risks by changing the way they source protein. Terms of the deal were not disclosed. Manhattan Beach, Calif.-based Beyond Meat sells plant-based burger […] Read more