A meat inspection bribery scandal has taken one of the world’s largest meat exporters out of the global market – the same exporter who gained when the U.S. BSE case broke.
Brazilian Meat Scandal Brazilian authorities have initiated an investigation into whether meat packers there have been bribing health and safety inspectors to pass contaminated production for export shipment. The investigation was code named “Weak Flesh” by the Brazialn authorities. To date, three plants have been shutdown and 21 have lost their export licenses. USDA issued a statement today saying that none of the facilities implicated in the scandal have shipped meat products to the United States. However, the USDA also announced that the Food Safety Inspe...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
