Drover's News

Brazil's JBS Suspends Cattle Purchases in Some Plants

By Reuters

Certain units of JBS SA , the world’s largest meatpacker, on Wednesday suspended cattle purchases temporarily following the arrest of Chief Executive Wesley Batista, a source familiar with the matter said.

Ranchers said the company “had no price to offer” after reaching out to JBS buyers at the plants of Juara and Pontes e Lacerda, in the state of Mato Grosso, according to the source, who spoke on condition of anonymity because of the sensitivity of the issue.

The suspension was ordered by JBS’s management, which did not specify how long it would be in place, the source said, citing the cattle growers.

JBS declined to comment.

“There is a market scare, some risk aversion, and JBS plants suspended cattle purchases,” Lygia Pimentel, director of consultancy Agrifatto, told Reuters separately.

Mon, 25 Sep 2017 21:42:44 +0000
A Florida ranching icon and creator of the Braford breed Alto ‘Bud’ Adams, Jr. passed away at his family ranch on Sept. 23, at 91 years old.

Mon, 25 Sep 2017 21:04:01 +0000
When purchasing ranch-direct calves, Colorado cattle feeder Steve Gabel says “I won’t buy them without verification they’re received at least two doses of modified-live viral vaccine.”

Mon, 25 Sep 2017 18:38:00 +0000
Nebraska’s success luring Costco’s chicken processing plant to Fremont suggests they may be a fit for Tyson.

Mon, 25 Sep 2017 17:06:00 +0000
Tyson Fresh Meats Inc. is planning $28 million expansion of its Waterloo pork processing plant

Mon, 25 Sep 2017 15:20:00 +0000
It can be a challenge to keep up with the latest technology and how it might fit on your farm—which is exactly why Farm Journal is hosting the AgTech Expo. Whether you’re a novice, an early adopter or somewhere in between, you’ll have the opportunity to network with machinery and technology compa nies on the tradeshow floor and learn from a dozen hands-on experts.

Fri, 22 Sep 2017 21:09:00 +0000
Federal police in Brazil sent a formal request to prosecutors to pursue insider trading charges against Wesley and Joesley Batista, owners of JBS SA.

Fri, 22 Sep 2017 14:31:52 +0000
China could import up to 20 million tons of corn a year, more than six times the current level, to meet a switch to greater use of ethanol in fuel, an analyst predicted on Thursday.

Fri, 22 Sep 2017 10:08:00 +0000
Food companies and marketers should be careful what they name their products.

Thu, 21 Sep 2017 20:38:40 +0000
In recognition of a career of service to veterinary medicine and the cattle industry, the American Association of Bovine Practitioners (AABP) presented Bob Smith, DVM, with the 2017 Distinguished Service Award. The presentation took place during the 50th annual AABP Conference in Omaha last week.

Thu, 21 Sep 2017 20:34:00 +0000
As we turn the calendar to fall, will summer-like weather stick around the Midwest? Mike Hoffman of AgDay shares the forecast for September 21 and beyond.