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Cattle Industry News By Category: Processing

18 June 2021
Stung by pandemic and JBS cyberattacks US ranchers build new beef plants
US cattle ranchers and investors are sinking hundreds of millions of dollars into new beef plants after temporary closures of massive slaughterhouses at the start of the COVID-19 pandemic left farmers with nowhere to send animals destined to be turned...
Ireland’s Kerry Group to sell meat and meals business to Pilgrim’s Pride
Irish food firm Kerry Group Plc announced that it would sell its British and Irish Consumer Foods’ Meats and Meals business to US poultry processor Pilgrim’s Pride Corp for €819 million ($975 million)....
Weekly beef and dairy digest: US ag sector could see major policy shifts
USDA Secretary Tom Vilsack testified before Congress this week and hinted at his policy priorities for the agency and the wider US farm sector. ...
17 June 2021
Argentine meat packers reach preliminary export agreement with government
Argentine meat packers have reached a preliminary deal with the government that will allow them to partially reopen beef exports after a month-long suspension aimed at cutting domestic food price inflation, an industry source said on 16 June....
16 June 2021
USDA Secretary backs proposed meatpacking investigator
US Agriculture Secretary Tom Vilsack on Tuesday 15 June threw his support behind a proposal to establish a special investigator to address concerns about anti-competitive practices in the meat and poultry industries....
14 June 2021
USDA's Cooperative Interstate Shipment Program expands to give more opportunities to meat processors
The Cooperative Interstate Shipment (CIS) Program has expanded to nine states, giving meat and poultry processors more opportunities to ship their products across state lines....
USDA begins work to enforce the Packers and Stockyards Act
The Department of Agriculture will begin work on three proposed rules to support enforcement of the Packers and Stockyards (P&S) Act, which would give farmers stronger protections from corporate abuse. ...
UK meat industry groups call for veterinary agreement to protect exports to the EU
The UK's food and feed trade associations, hauliers, farmers and veterinary groups are advocating for a new veterinary agreement to avoid a "catastrophic drop" in food exports to the EU....
11 June 2021
US invests over $4 billion to strengthen food system
The USDA has earmarked more than $4 billion to shore up critical supply chains and make green investments in the US food system....
10 June 2021
US beef exports continue on their upward trajectory
Newly-released data from the US Meat Export Federation (USMEF) shows that April's beef exports continued to build momentum after breaking records in March 2021. ...
JBS says it paid equivalent of $11 million in ransomware attack
Meatpacking giant JBS USA says it paid a ransom equivalent to $11 million following a cyberattack that disrupted its North American and Australian operations, the company's CEO said in a statement on 9 June....
Tyson Foods pledges to reach net zero greenhouse gas emissions by 2050
In conjunction with the release of the 2020 Sustainability Progress Report, the Tyson Foods raises the bar for action by pledging to achieve net zero green house gas emissions across its global operations and supply chain by 2050....
04 June 2021
JBS says that all facilities are back online after weekend cyberattack
All of meatpacker JBS SA's global facilities are fully operational after a weekend cyberattack disrupted much of its North American and Australian operations....
Weekly beef and dairy digest: US meat industry faces tough scrutiny and China ups its dairy capacity
FAO data shows that global food prices are surging while US meat industry practices are put under the government spotlight. ...
03 June 2021
Tyson CEO steps down and operating chief King takes the helm
Tyson Foods Inc said on 2 June Chief Executive Officer Dean Banks would step down due to personal reasons after just eight months in the job, turning the helm over to the company's operations head Donnie King....
JBS plants across North America and Australia reopen
JBS SA employees started returning to work at meat plants on 2 June, a day after the company's beef operations stopped following a ransomware attack, disrupting meat production in North America and Australia....
Fourth UK beef processing site gains access to US market
A fourth processing site in the UK has won approval to export its beef to the US – marking a major leap forward for the business and for the red meat sector as a whole....
Shares in Brazil’s BRF soar after Marfrig seeks antitrust approval for BRF stake
Shares in Brazilian pork and poultry processor BRF SA closed up nearly 10% on 1 June after beef producer Marfrig Global Foods SA asked antitrust watchdog CADE to approve its purchase of almost a quarter of BRF's stock....
02 June 2021
US says ransomware attack on JBS likely came from Russia
Brazil's JBS SA told the U.S. government that a ransomware attack on the company that disrupted meat production in North America and Australia originated from a criminal organization likely based in Russia, the White House said on 1 June....
A court in Brazil rules that JBS must pay damages over COVID-19 outbreak
A court in Brazil ordered JBS SA, the world's largest meat processing company, to pay 1 million reais ($194,000) in damages over its failure to take measures to protect workers from a COVID-19 outbreak....
Brazil’s Marfrig seeks antitrust approval for its purchase of BRF shares
Brazilian beef producer Marfrig Global Foods has formally asked antitrust watchdog CADE to approve its purchase of almost a quarter of BRF's outstanding stock....
01 June 2021
Cyber attack hits JBS meat plants in Australia and North America
Australian and North American units of the world's largest meat works were hit over the weekend by an organized cyber attack on its information systems, Brazil's JBS SA said in a statement....
31 May 2021
JBS Australia suffers cyber attack
Australia’s largest meat processing facility, operated by Brazil’s JBA SA, was hit by a major cyber attack over the weekend....
26 May 2021
Brazil’s securities regulator accuses Marfrig CEO of insider trading
Brazilian securities regulator CVM has accused Marcos Molina, the chief executive of Brazilian meatpacker Marfrig Global Foods SA, of the "misuse of privileged information" involving Marfrig shares before a filing in April 2018, according to a document...
24 May 2021
Marfrig becomes BRF’s top shareholder after buying $800 million stake
Brazil’s Marfrig Global Foods announced that it purchased almost a quarter of Brazil’s BRF SA’s outstanding shares....
21 May 2021
Weekly beef and dairy digest: USDA issues its EU Milk Report and US cattle ranchers cry foul
US cattle ranchers are calling for an investigation of beef packer market manipulation, and USDA analysis indicates that Europe's dairy herd could shrink further. ...
20 May 2021
Shares of Brazilian meatpackers slide on Argentina beef export ban
Shares in Brazilian meatpackers slid on 18 May after their operations in Argentina were hit with a 30-day beef export ban in that country, as Buenos Aires struggles to rein in rampant inflation....
19 May 2021
CME update: live cattle futures jump while feeders drop
US June live cattle futures rose on 18 May, with traders saying that the market remains oversold after plunging 2.5 percent on 13 May....
 
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