Sao Paulo | Reuters — Brazilian meat company JBS SA on Monday reported a second-quarter loss citing the negative effects of an oversupplied global chicken market and tighter margins for its beef business in the U.S., where it gets most of its sales. JBS reported a net loss of 263.6 million reais (C$73.8 million), the […] Read more
JBS posts quarterly loss on tight U.S. beef margins
'Greater balance' forecasted for global chicken supply
Ukraine lifts barriers to exports of some farm goods
Export licenses were in place to maintain domestic supplies
Kyiv | Reuters — Ukraine has removed barriers to the export of some agricultural commodities, imposed last year to prevent food shortages, in a bid to boost foreign currency income, its government said on Tuesday. The country introduced export licences in 2022 to protect food supplies after agricultural production was hit by Russia’s invasion. While […] Read more
Global chicken meat oversupply improving, Brazil’s BRF says
Lower grain costs also expected to boost margins
Sao Paulo | Reuters — Chicken prices are rising as companies start to cut production to reduce global oversupply, Fabio Mariano, CFO of BRF SA, said on Tuesday, after a glut helped to push the Brazilian pork and poultry producer to a first-quarter loss. The firm posted a 1.024 billion-real (C$287.7 million) net loss for […] Read more
New report shows poultry sector burdened by expectations
Simpson Centre paper calls for increased research, financial sustainability for sector
Updated, May 17 — The Simpson Centre for Food and Agricultural Policy has released a report detailing its findings on challenges now facing Canada’s poultry sector. The report, co-authored by research assistant Shawn Wiskar and centre director Guillaume Lhermie and released Thursday, used a focus group of six stakeholders in the Canadian poultry industry. It […] Read more
McDonald’s reported laying off hundreds of corporate employees
Layoffs don't include restaurant-level workers
New York | Reuters — The number of corporate employees McDonald’s Corp. plans to lay off this week will tally in the “hundreds,” a source familiar with the burger chain’s thinking said on Monday, as the company moves forward with a previously announced restructuring. The fast-food company is closing its offices “out of respect,” and […] Read more
Bill to keep supply management off trade table moving forward
CCA, other groups oppose proposal as Bloc MP's private bill passes second reading
A federal private member’s bill that would codify the current government’s promise to leave supply-managed ag commodities out of any future free trade deals has advanced to the committee stage. Introduced last June 13 by Bloc Quebecois MP Luc Theriault, Bill C-282 came back last Wednesday to pass second reading in the House of Commons […] Read more
U.S. avian flu outbreak of 2022 wipes out record number of birds
Vast majority of caseload originated with wild birds: USDA
Chicago | Reuters — Avian flu has wiped out 50.54 million birds in the United States this year, making it the country’s deadliest outbreak in history, U.S. Department of Agriculture data showed Thursday. The deaths of chickens, turkeys and other birds represent the worst U.S. animal-health disaster to date, topping the previous record of 50.5 […] Read more
Lab-grown meat cleared for human consumption by U.S. regulator
FDA's review not technically approval
Washington | Reuters — The U.S. Food and Drug Administration (FDA) for the first time cleared a meat product grown from animal cells for human consumption, the agency announced on Wednesday. Upside Foods, a company that makes cell-cultured chicken by harvesting cells from live animals and using the cells to grow meat in stainless-steel tanks, […] Read more
Pork packer Olymel laying off dozens of managers
Market unpredictability, 'growth challenges' cited
Major Canadian pork and poultry packer Olymel has laid off 57 people from its management ranks and eliminated another 120 administrative positions, citing the company’s current “market context and growth challenges.” Olymel, the meat packing arm of Quebec-based Sollio Cooperative Group, said Tuesday its affected employees were notified Monday and have received their layoff notices. […] Read more
Ontario halal processor to buy poultry packing capacity
Amir Quality Meats taking up Wellington Poultry
An Ontario meat processor specializing in the halal market has a deal in place to boost its capacity by buying a nearby chicken and specialty fowl packer. Amir Quality Meats, which operates a federally registered HACCP-certified boning and cutting plant at Brampton, has an agreement in place to buy the processing plant and “associated supply” […] Read more
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