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(JBSS.infoinvest.com.br)
Livestock

JBS USA to produce pork without ractopamine

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Chicago | Reuters — JBS USA will remove a growth drug banned by Beijing from its U.S. hog supply, the company said on Friday, accelerating the competition for pork exports as China grapples with a devastating pig disease. The meat packer’s move away from the drug ractopamine, a feed additive, shows how companies are maneuvering […] Read more
CME December 2019 hogs with 30-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hogs extend losing streak

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Chicago | Reuters — U.S. hog futures fell for the fourth day in a row on Friday, extending a losing streak that pulled prices off a two-week high hit on Monday. Traders said gains in the futures earlier in the week outpaced cash market strength and the spread between the two markets needed correcting. Cattle […] Read more
(JBSs.infoinvest.com.br)
Livestock

Brazil’s JBS says it uses satellites to monitor cattle suppliers

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Sao Paulo | Reuters — The world’s largest meatpacker JBS SA is closely monitoring the origin of the cattle it buys in Brazil amid heightened concerns about environmental preservation and sustainable business practices, its CEO said Wednesday. Speaking at an industry event in Sao Paulo, JBS CEO Gilberto Tomazoni said the company is using satellite […] Read more
Workers sit outside the Tyson Fresh Meats processing plant at Holcomb, Kan. on Aug. 12, 2019, three days after a fire heavily damaged the facility. (Photo: Reuters/Adam Shrimplin)
Livestock, Markets

USDA to probe beef market after Tyson plant fire

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Chicago | Reuters — U.S. Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef on Wednesday after a recent fire at a Tyson Foods slaughterhouse in Holcomb, Kansas, shut the plant. Cattle prices have tanked because the fire temporarily eliminated a key buyer of livestock. Producers have worried that meat […] Read more
Pork baby back ribs. (Grandriver/Getty Images)
Livestock

Packers win dismissal of U.S. pork price-fixing suits

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Reuters — A federal judge on Thursday dismissed antitrust lawsuits accusing several large U.S. pork companies of conspiring to limit the supply of pork to inflate prices and their own profits at the expense of consumers and other purchasers. Chief Judge John Tunheim of the federal court in Minneapolis said the plaintiffs failed to show […] Read more
(JBSs.infoinvest.com.br)
Livestock, Markets

JBS predicts profits will be stronger this year

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Sao Paulo | Reuters — JBS SA executives said Friday the Brazilian meat company will deliver higher earnings in 2019 on strong demand for beef in the U.S. and Australia as well as growing Chinese demand for various proteins. Still, first-quarter results will reflect lower cattle availability in the U.S. due to rains and a […] Read more
(JBSS.infoinvest.com.br)
Livestock

U.S. investigators question shareholders of Brazil’s JBS

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Brasilia | Reuters –– U.S. investigators this week visited Brazil to question shareholders of J+F Investimentos, the holding company that controls meatpacker JBS SA, as part of an existing plea deal, Brazilian prosecutors said on Friday in a statement. U.S. authorities have been investigating the companies controlled by J+F since their largest shareholders — brothers […] Read more

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