Chicago | Reuters — U.S. hog futures rallied on Monday, with supply expected to tighten after another slaughterhouse was shut down due to the coronavirus pandemic, traders said. “If we have packers up and running we know we have the domestic demand,” said Ted Seifried, chief market strategist for Zaner Ag Hedge. “It is just […] Read more
U.S. livestock: Hog futures rise on supply woes
CME cattle contracts ease
JBS shuts Minnesota pork plant due to coronavirus
Chicago | Reuters — JBS USA said on Monday it would indefinitely shut a Minnesota hog slaughterhouse that produces about five per cent of the country’s pork, in the latest disruption to the U.S. food supply chain from the coronavirus pandemic. The closure limits the amount of meat the United States can produce for consumers […] Read more
Third major Alberta beef plant confirms COVID-19 cases
JBS in Brooks is the latest with infected workers, but will continue operations
UPDATED, April 17 — Cases of COVID-19 have now been confirmed at three of Alberta’s major beef packing plants. Three cases of COVID-19 were confirmed Wednesday at the JBS beef packing plant in Brooks, said Tom Hesse, Local 401 president with United Food and Commercial Workers (UFCW) Canada. JBS Canada spokesman Cameron Bruett confirmed some […] Read more
‘Elbow to elbow:’ North America’s meat plant workers fall ill, walk off jobs
Supply chains struggling to keep pace with surging demand
Chicago/Winnipeg | Reuters — At a Wayne Farms chicken processing plant in Alabama, workers recently had to pay the company 10 U.S. cents a day to buy masks to protect themselves from the COVID-19 coronavirus, according to a meat inspector. In Colorado, nearly a third of the workers at a JBS USA beef plant stayed […] Read more
U.S. livestock: June hogs, cattle plunge limit down
COVID-19 shuts more U.S. meat processors
Chicago | Reuters — U.S. livestock futures tumbled on Monday on worries about declining U.S. meat processing capacity after Smithfield Foods announced Sunday it would indefinitely shut one of its pork plants due to novel coronavirus infections among workers. The closure at Sioux Falls, S.D., affecting four to five per cent of U.S. pork production, […] Read more
JBS sees steady trade flows but flags export woes
Sao Paulo | Reuters — Brazil’s JBS, the world’s largest meatpacker, has said the COVID-19 coronavirus epidemic could cause container shortages, port disruptions and other logistics issues, but said trade flows should stay strong thanks to Chinese demand. In a conference call to discuss earnings results on Thursday, JBS executives said its export operations had […] Read more
A+W starts move to all-grass-fed, all-Canadian beef
Suppliers lined up to begin transition this spring
Canadian burger chain A+W’s next move to distinguish its menu in a crowded quick-service market will be a connection to the regenerative ag movement, as it sets itself up with an all-Canadian and all-grass-fed beef supply. The Vancouver-based chain, which includes almost 1,000 restaurants across Canada, announced Monday it’s “making a commitment to exclusively source […] Read more
JBS plans U.S. listing as Brazil state bank sells stake
Sao Paulo | Reuters — Brazilian meatpacker JBS SA and state development bank BNDES are planning a simultaneous listing of JBS international operations in the United States and the sale of the bank’s stake in the company, five sources with knowledge of the matter said. Sources close to the company say JBS is working on […] Read more
JBS to buy U.S. meat processor Empire Packing
The U.S. arm of Brazilian meat packing giant JBS plans to expand its footprint in case-ready further processing with a deal for Memphis-based Empire Packing. Empire operates meat and poultry processing plants in its home town of Memphis as well as in Cincinatti, Denver, Olympia, Wash. and Mason, Ohio. It also makes the Ledbetter line […] Read more
How JBS became collateral damage in a war between billionaires
JBS now plans to tweak U.S. IPO, executive says
Sao Paulo | Reuters — A business dispute between the disgraced billionaire Batista brothers in Brazil and the heir to an Indonesian pulp and paper fortune is throwing a wrench in meatpacker JBS SA’s plans to for a U.S. listing of its international operations, such as its Canadian beef plant. The dispute stems from a […] Read more