investments

Brazil Investigation Leads to Processor Closures

Dan Beef, Industry News Release, Livestock

Brazil’s tainted meat corruption probe uncovered tainted meat samples and will result in the closure of some processors. As part of the investigation, the nation found eight samples of meat out of 302 tested positive for bacteria contamination. Unrelated problems uncovered at three processors led the government to order the cancellation of their Federal Inspection Service registrations, closing them permanently. …

Some Brazil Soybeans Very Muddy

Dan Industry News Release, Soybeans

Brazil’s top soybean producing state, Mato Grosso (Mah’-toe Grah’-soh), 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 …