Insights and Stories on International

JBS parent to pay record fine in leniency deal

May. 31, 2017 at 12:40 pm CDT

Brasilia/Sao Paulo | Reuters — J+F Investimentos, controlling shareholder of the globe’s largest meatpacker JBS SA, agreed to pay a record-setting 10.3 billion real (C$4.3 billion) fine for its role in corruption scandals that threaten to oust President Michel Temer, Brazilian prosecutors said. The settlement means that Brazil’s three-year sweeping […]

French’s owner kicks off food business sale process

May. 31, 2017 at 12:27 pm CDT

By Martinne Geller

U.S. livestock: CME live cattle recoup some recent losses

May. 30, 2017 at 6:13 pm CDT

By Theopolis Waters

U.S. grains: Soybeans near 14-month low as weather worries recede

May. 30, 2017 at 6:05 pm CDT

By Julie Ingwersen

Early U.S. winter wheat harvest supports low-protein fears

May. 30, 2017 at 2:49 pm CDT

By Julie Ingwersen

Conagra to sell Wesson oil brand to Smucker

May. 30, 2017 at 2:26 pm CDT

Reuters — Packaged food maker Conagra Brands said on Tuesday it would sell its Wesson cooking oil brand to Folgers coffee maker J.M. Smucker Co. for about US$285 million. Conagra will continue to manufacture products sold under the Wesson brand for up to one year following the close, after which […]

By Reuters

Indian court suspends ban on beef cattle trade

May. 30, 2017 at 1:48 pm CDT

New Delhi | Reuters — An Indian court suspended on Tuesday a government ban on the trade of cattle for slaughter, a lawyer involved in the case said, giving some relief to Muslim-dominated beef and leather industries that employ millions of poor workers. The Madurai bench of the Madras High […]

By Reuters

India cattle trade ban to halt beef exports

May. 29, 2017 at 7:31 pm CDT

New Delhi | Reuters — India’s ban on the trade of cattle for slaughter threatens US$4 billion in annual beef exports and millions of jobs if the government does not revoke the stoppage decreed last week, according to two industry officials. In the latest setback to the Muslim-dominated meat industry, […]

By Mayank Bhardwaj

JBS scandal might reduce Brazil meat supplies, industry group says

May. 27, 2017 at 7:37 am CDT

Sao Paulo/Cuiaba | Reuters — An unfolding corruption scandal involving meatpacker JBS SA may reduce meat supply in Brazil, potentially benefiting rivals of the world’s largest beef exporter, industry group Abrafrigo said. Since the scandal broke, JBS and ranchers have been at odds, with the company deciding to stop buying […]

By Ana Mano roberto-samora

U.S. livestock: Bearish USDA report rattles CME live cattle

May. 26, 2017 at 3:30 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday finished sharply lower, hit by fund liquidation and the morning’s bearish U.S. Department of Agriculture Cattle on Feed report, said traders. The report showed the number of cattle placed in feedlots in April hit a 14-year high for […]

By Theopolis Waters