Projections in Beef and Pork Sectors
Regarding future market trends, the commercial beef sector’s outlook for 2023 and 2024 appears relatively stable. Beef imports are projected to experience a rise in the latter half of 2023 and into 2024, while exports are anticipated to wane due to diminished demand from Asia. Conversely, the pork sector is set to witness a minor […]
Minerva Acquires 16 Meat Processing Facilities from Marfrig in $1.54 Billion Deal
SÃO PAULO — In a significant consolidation within Brazil’s meat industry, Minerva Foods, a leading beef producer, has acquired 16 beef and lamb processing facilities from its competitor, Marfrig, for $1.54 billion (approximately A$2.4 billion). The acquisition involves a mix of operational and dormant facilities located across Brazil, Argentina, Chile, and Uruguay. Most of these […]
