JBS bounces back from cyber attack, announces major investments in US, Australia

US –  World’s largest meat producer JBS has come out strong from a cyber attack that almost paralyzed its North America and Australia operations, announcing major investments in the regions that were hit by the cyber attackers. Just a few days after paying an equivalent of US$11 million to prevent unforeseen risk from the cyber attack, JBS has said it is investing more than US$130 million in the U.S. beef industry to increase production capacity at two of its major beef processing facilities in Grand Island and Omaha, Neb.    The company is on schedule to complete a…

Read More

JBS pays US$11m to resolve a cyberattack that disrupted operations in North America and Australia

US – Brazilian meat giant JBS has confirmed that it paid a ransom equivalent to US$11 million to resolve a cyberattack that disrupted its North American and Australian operations. The breach affected servers at facilities in North America and Australia, forcing the company to pause operations at nearly all plants in the U.S. The temporary closure of operations at JBS plants (which process about 20% of beef in US) raised alarm about potential meat shortages for consumers and livestock backlogs on feedlots. However, the meat producer says that its encrypted…

Read More

Canada’s BSE negligible risk status to help beef farmers access more export markets

CANADA – The World Organization for Animal Health (OIE) has confirmed Canada’s successful application for bovine spongiform encephalopathy (BSE) negligible risk status. BSE is a disease of the nervous system of cattle, which has a long incubation period between two and eight years, and occasionally longer. It is one of a group of diseases known as transmissible spongiform encephalopathies (TSE), or prion diseases, characterised by the accumulation in nervous tissue of an abnormal infectious protein called a prion. The “negligible” risk status is the lowest risk status established by the…

Read More

Beef processing giant Marfrig increases stake in Brazilian peer BRF to 31.66%

BRAZIL – Marfrig Global Foods, the world’s second-largest producer of beef after JBS, has increased its stake in BRF to 31.66% in an effort to diversify its holdings. BRF is one of the biggest food companies in the world, with over 30 brands in its portfolio, among them Sadia, Perdigão, Qualy, Paty, Dánica and Bocatti. The Brazilian company has a presence in more than 130 countries across the globe and reported revenues of US$7.82 billion in 2020. The acquisition of additional stake in BRF comes two weeks after Marfrig revealed…

Read More

Local supply of beef tightens in Argentina forcing authorities to ban exports

ARGENTINA – Argentina, the world’s fourth-largest beef exporter, has announced a one month ban on beef exports, in an effort to shore up local supply of the commodity and fight rising inflation. The government hopes that by reducing exports, there would be more supply of meat into the domestic market which would in turn result in lowering of beef prices. According to a report by the United States Department of Agriculture (USDA), meat prices in the greater Buenos Aires region  have risen by 64.7% from April 2020 to April 2021.…

Read More

Prolonged drought in Namibia shrinks export market for beef products

NAMIBIA – Namibia’s beef export drastically declined from 26.6 million kilograms of 2019 to 8.4 million kilograms in 2020, attributed to the fact that livestock producers are rebuilding herds following the prolonged drought season. Data from the Meat Board of Namibia, has indicated that the country marketed 219 525 fewer cattle than in 2019 leading to the decline in number of cattle slaughtered which was 51 992 compared to 129 735 cattle in 2019. European countries, including Norway and the United Kingdom, took up a combined 3.3 million kilograms compared…

Read More

Egypt’s rise in demand for beef to result in increase in production, importation

EGYPT – Egypt’s calf crop production for the market year 2021 is forecasted to be 1.94 million heads according to Food Agricultural Service Cairo as indicated by the U.S. Department of Agriculture’s (USDA) in a Global Agricultural Information Network (GAIN) report. Total supply during the year under review is forecast at 9.99 million animals, increasing by 125,000 head or slightly over one percent above USDA’s official MY 2020 figure of 9.86 million. Even with the projected production, input costs are high despite the government authorizing in 2018 an additional 400,000…

Read More

World livestock and poultry exports forecasted to rise despite decline in beef and poultry production

GLOBAL – According the Global Agricultural Information Network report on livestock and poultry world markets and trade by USDA, the global export forecasts for beef and chicken meat trade have been trimmed due to emerging threats from the spread of the COVID-19 virus. Economic growth forecasts have been cut for 2020 and the impact on consumers will dampen demand for animal protein. Widespread closures of restaurants and food service outlets as well as a reduction in tourism and travel will shift demand for protein among both types of meat as…

Read More

Namibia starts export of beef products to the United States

NAMIBIA – Namibia has successfully exported its first consignment of beef to the USA following 18 years of extensive negotiations between the two countries. According to the President and consultant for Import Export Associates (IEA) in Namibia, Leonard Lang the 25 tonnes beef batch by Meat Corporation of Namibia (MeatCo) was dispatched in February this year and reached its destination on 17th April. MeatCo is a meat processing company headquartered in Windhoek and the largest exporter of prime beef in Namibia. In 2002 and 2005, Namibia initiated negotiations on the…

Read More

COVID-19 Update: JBS USA temporary closes Greeley beef facility

USA – JBS USA has announced the temporary closure of the Greeley beef production facility until April 24, 2020 and launched multiple additional efforts to support the fight against Coronavirus in Weld County, Colorado. The food company announced on April 13, that the Greeley beef facility will wind down operations within two days with a diminished staff to ensure existing product in the facility can be used to support food supply needs. The announcement comes a few days after the meat processor noted that the Greeley beef facility had been…

Read More