TheBeefSite Latest News
Turmoil in Brazil as Beef Plants Close
BRAZIL - Brazil’s fourth largest Brazilian exporter of beef has halted slaughtering operations at all 11 of its plants and sent workers home, local Brazilian media reports. In addition, Independencia has not paid cattle suppliers for several days and has returned most cattle to suppliers.According a news report from Mecropress, figures from the Brazilian Secretary of External Commerce (Secretaria de Comércio Exterior, SECEX) say that Independencia was the fourth-largest Brazilian exporter of fresh and frozen beef and one of the leading Brazilian producers of leather in 2007.
As of last December 31, Independencia's total daily slaughter capacity was approximately 12,000 head of cattle and its daily leather processing capacity was approximately 10,000 hides (not including additional outsourced capacity of 3,000 hides per day).
Brazilian development bank BNDES is reported to have a 33% stake (204 million US dollars) in Independencia, reports Mecropress.
The company has made no official statement yet, though they told agencies earlier in the week a statement would be forthcoming.
TheCattleSite News Desk
Latest Beef Industry News
PSA: Poor Harvest Year May Have Altered Corn Quality- Smithfield Sees Profits Return
- Livestock Feeding for Managing Phosphorus
- NCBA Commends Senators On Beef Trade Resolution
EU Licence For Bluetongue Vaccine
Brazil’s Beef Output To Grow
Tight Supply Constrains Korean Trade
LMC Report: Improved Beef Demand In January- Weekly Australian Cattle Summary
- CME: Beef Exports Trend Higher in January
- Threat of Land Intensification and Abandonment
- Global Food Security Programme Launched
- Pressure to Rebuild Productive Capacity
- Beef Board Appointments Announced
- Natural Byproducts Increase Beef Safety
