meat production

Brazil meat Companies Lost $1.5 Billion after Investigation

Dan Beef, 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 …