GFM Network News


JBS gears up for U.S. and Brazil expansions

Brazilian meat giant reiterates plans following strong Q3 results

Sao Paulo | Reuters — Food processor JBS SA reiterated plans to grow production capacity in Brazil and in the United States after posting strong third quarter results, executives said in a conference call to discuss earnings on Thursday. CEO Gilberto Tomazoni said 12 of the company’s plants in Brazil were being expanded, as JBS […] Read more

U.S. livestock: Cattle, hog futures down on big supplies, economic jitters

Surge in U.S. COVID-19 cases rattles Wall Street

Chicago | Reuters — U.S. cattle futures eased on Wednesday and hog futures were mostly lower on ample livestock supplies and concerns about rising coronavirus infections and their negative impact on the economy. Wall Street’s three major indexes tumbled on Wednesday and crude oil plunged more than five per cent as a surge in U.S. […] Read more


U.S. livestock: Hog futures drop to 3-1/2 year low

Cattle also limit down on coronavirus pandemic

Chicago | Reuters — U.S. hog futures dropped to a 3-1/2 year low on Thursday while cattle tumbled as recession concerns and surging U.S. unemployment due to the coronavirus pandemic triggered broad liquidation across the battered livestock markets. Both live and feeder cattle and lean hogs dropped by their daily trading limits for a second […] Read more

Olymel, Sollio to take up F. Menard pork, feed businesses

The meat packing and ag input retail arms of Quebec’s La Coop federee are about to take a much longer reach in their home province. The agrifood co-operative announced Tuesday its Olymel and Sollio Agriculture businesses have an agreement in place to buy the hog breeding, pork slaughter and packing, grain sourcing and feed milling […] Read more


JBS to buy U.S. pork processor Plumrose

U.S. ham and bacon processor Plumrose is set to become an arm of major Brazilian meatpacker JBS. JBS, whose holdings include one of Canada’s biggest beef packing plants at Brooks, Alta., announced Monday it has an agreement in place to buy Plumrose from Danish co-operative Danish Crown for US$230 million. The deal would give JBS […] Read more



McDonald’s, A+W roll out all-day breakfast for Canada

Burger chains McDonald’s and A+W expect to dial up their demand for Canadian eggs as they offer all-day breakfasts alongside their beef and chicken wares across the country, starting next month. Toronto-based A+W announced Thursday it would be “the first national burger chain to offer all-day breakfast at its restaurants” coast-to-coast starting Feb. 27, after […] Read more

Feds and province fund Maple Leaf bacon plant

The governments of Canada and Manitoba have announced funding of $500,000 toward an expansion of Maple Leaf Food’s bacon processing plant in Winnipeg. The announcement was made Monday at the plant by federal Agriculture Minister Lawrence MacAulay and Manitoba Agriculture Minister Ralph Eichler. A release said Maple Leaf Food’s investment in the bacon line expansion […] Read more