TheBeefSite Latest News
JBS See Brazilian Growth Post Merger Failure
BRAZIL - In view of recent events in the beef sector in Brazil, JBS S.A. has decided to advise its shareholders and the market in general that it has not observed any reduction in margins in its activities in Brazil during the first two months of 2009.Considering the relevant installed slaughter capacity, the Company is performing a study during this month of March to evaluate which of its plants will have production increased, resulting in the possible hiring of up to 5,000 new collaborators during the first semester of 2009.
As a manner of compensating possible losses to ranchers, the Company is also reducing the discount for cash payment for the purchase of cattle from 4 per cent to up to 2 per cent per month.
These actions serve to contribute towards an orderly off take of cattle as well as to maintain a balanced consumer market, resulting in the preservation of jobs, the strengthening of the beef production chain and the expansion of the market share of the Company in the beef sector.
Further Reading
| - | Go to our previous news item on this story by clicking here. |
TheCattleSite News Desk
Latest Beef Industry News
Ensuring Sustainable Livestock Production
All In Favour Of Clearer Food Labelling, Say Yes
Productive Agriculture Must Be Included In Future CAP
Scholarship Grants Awarded From AgriLabs
French Live Cattle Exports Recover- Preventing E. coli O157 Contamination
- US Grains Council Opens Southern Offices
- Weekly Roberts Report
- CME: Beef Reported to USDA Each Day and Week
Russia's Meat Output to Rise by Six Per Cent- Pfizer Welcomes Agreement With Elanco On Divested Assets
Feed Manual To Be Launched At Cancun Congress- Recession Is Impacting Consumer Buying Habits
- Mistreatment Of Migrant And Agency Workers
- National Spring Spectacular Show At Beef Expo 2010
