probes

Brazil Launching Four New Probes Into JBS

Dan Industry News Release

Brazil’s securities regulator announced it’s launching four new probes into meatpacker JBS and other companies also controlled by J & F Investments. The probes are looking into suspicious trades made just before markets were rattled by the news of a plea deal by the company’s top executives. The investigation is looking into signs of “possible insider trading” of foreign exchange …

Brazil meat Companies Lost $1.5 Billion after Investigation

Brazil meat Companies Lost $1.5 Billion after Investigation

Dan Dairy & Livestock, Industry News Release

Meat companies in Brazil lost the U.S. equivalent of $1.52 billion after the nation’s federal police announced an investigation into a tainted meat scandal. Meat industry publication Meatingplace reports an economic measure of the losses discovered the declines that followed an investigation which stopped virtually all exports from Brazil for a brief time. The bulk of the losses were attributed …

brazil

63 Indictments in Brazil Tainted Meat Scandal

Dan Dairy & Livestock, Industry News Release 11 Comments

Brazil has indicted 63 people for their role in a corruption scheme within the nation’s Ministry of Agriculture. Drovers Cattle Network reports the charges allege federal auditors at meat processing facilities took bribes for years in exchange for fraudulent sanitary permits. Suspects in the case are charged with falsifying medical records and certificates, tampering with food products, conspiracy and corruption. …

china beef exports

U.S. Petition Seeks Brazilian Beef Ban

Dan Dairy & Livestock, Industry News Release, Trade 6 Comments

An online petition is seeking a ban on beef imports to the U.S. from Brazil. Posted on the White House’s We the People Website, the petition cites Brazil’s tainted meat scandal in asking the administration to ban “unsafe imports” from Brazil until all beef in the U.S. is sold with a country-of-origin label. Food Safety News reports the petition was …

soybean harvest

Some Brazil Soybeans Very Muddy

Dan Industry News Release 0 Comments

Brazil’s top soybean producing state, Mato Grosso, has soybean fields ready for harvest but are so muddy it’s difficult to walk through, let alone drive a combine through. A Bloomberg report says a week of persistent rainfall has caused some soybeans to begin fermenting. The beans have become engorged their pods, which have started to open as the oilseeds begin …

planting

Soybean Planting in Brazil Arrives with Concerns

Dan Field & Row Crops, Industry News Release 0 Comments

Soybean planting in Brazil starts on September 15, but the Agri Money Dot Com website said it’s starting this year under pressure from prices, tight credit, and dry weather. There’s a few worries about the quality of available seeds as well. Crops are not actually allowed in fields before September 15 as the country tries to cut down on the …