GFM Network News


More Mexican beef headed to U.S. dinner tables as supply crunch bites

"I think we're going to leap past Canada this year"

Mexico City/Chicago | Reuters — More Mexican steaks and other beef cuts are headed north of the border after the coronavirus outbreak has hobbled U.S. meat processing plants, potentially offsetting fears of shortages affecting businesses from fast-food chains to grocery stores but angering U.S. ranchers. The Mexican industry chalks up the export growth to new […] 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


JBS still keen on U.S. IPO despite scandals

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacking firm, remains intent on a stock market listing of subsidiary JBS Foods International in the U.S. despite corruption and food safety scandals, executives said on Thursday. In April all of JBS operations will meet U.S. auditing and compliance requirements under the Sarbanes-Oxley Act, JBS […] Read more

Brazil police probe ag ministry for corruption

Sao Paulo | Reuters — Brazilian federal police started two separate investigations on Tuesday into suspected corruption at the Agriculture Ministry to benefit meatpacking, dairy and other food companies. The probes into whether inspection procedures were eased in favour of certain unnamed companies comes two months after the country’s meatpacking industry was rocked by a […] Read more