May 24, 2017
Headlining today's news is a
how construction began this month on a new state-of-the-art Jennie-O
Turkey Store processing plant in Melrose, Minn. More than $137 million
will be invested in the building and state-of-the-art processing
equipment that will increase the production capabilities and plant
efficiency, in addition to enhancing the companyís already robust animal
In other news,
have emerged on what U.S. beef producers may have to do to export their
product to China, but the industry still awaits specifics that will
determine the size of the opportunity ahead, the U.S. Meat Export
Federation said Tuesday. Producers would be required to track the
locations where cattle raised for beef exported to China are born and
slaughtered, under a U.S. proposal that has been accepted by Beijing,
Reuters reported Monday, citing the USDA.
JBS SA and its controlling shareholders, facing financial fallout from a
corruption scandal, have hired Banco Bradesco SA's investment banking
unit to work on a plan to sell several assets. Members of the
billionaire Batista family, which owns about 42 percent of JBS, are
looking for ways to raise cash after prosecutors demanded they pay an 11
billion-reais ($3.36 billion) fine to settle allegations they bribed
scores of politicians, one of the people said.
Back in the
States, a father and son whose Iowa-based egg production company caused
a massive 2010 salmonella outbreak cannot further appeal their sentences
for misdemeanor food safety violations, according to the U.S. Supreme
highest U.S. court declined to hear the appeals of Austin "Jack"
DeCoster and his son, Peter DeCoster, without comment Monday. U.S.
District Judge Mark Bennett sentenced the DeCosters each to three months
in prison in April 2015, saying they knew or should have known about the
risks posed by the presence of salmonella in and around millions of
egg-laying hens. But he allowed the DeCosters to stay free while they
appealed the sentences, which they argued were unconstitutional and
Finally today, proposing
to carve more than $4 billion out of the Agriculture Departmentís
budget, the administrationís 2018 spending blueprint fails to recognize
agricultureís current financial challenges or its historical
contribution to deficit reduction, according to American Farm Bureau
Federation President Zippy Duvall.
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