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Marfrig Global Foods S.A. (MRRTY)

1.8700

+0.0200

(+1.08%)

At close: May 3 at 2:01 PM EDT

Brazil slaughtering records make it global meat king, IBGE data shows

Brazilian meat companies processed unprecedented volumes of chicken and hogs and recorded the second-highest level of cattle slaughtering in history, according to 2023 data released on Thursday by the national census bureau. The fresh data from statistics agency IBGE confirms that the South American nation, which is the world's biggest beef and chicken meat supplier and the fourth largest hog meat exporter, is well positioned to retain or expand its share of the global meat trade. IBGE said cattle slaughtering in Brazil, which commands about a fourth of the global beef trade, grew by almost 14% in 2023 to 34.06 million head, in continued expansion from 2022.

Reuters last month

MRRTY
+1.08%
How an American meat broker is fueling Amazon deforestation

As incomes in China have grown in the last decade, so has China’s appetite for beef. No longer out of reach for China’s middle class, beef now sizzles in home woks and restaurant kitchens. China has become the world’s biggest importer of beef, and Brazil is China’s biggest supplier, according to United Nations Comtrade data.

Associated Press Finance 5 months ago

JBSAY
+1.07%
MRRTY
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Brazil's Marfrig sells abattoirs to Minerva in $1.5 billion deal

SAO PAULO (Reuters) -Brazilian meatpacker Marfrig has agreed to sell 16 slaughtering plants to rival Minerva for 7.5 billion reais ($1.54 billion) in a deal that will significantly change its profile in South America, according to a securities filing. With the sale, Marfrig, which also controls U.S.-based National Beef and BRF SA in Brazil, will retain only its larger-scale industrial facilities in the region in a bid to focus on production of processed meat products. The move marks a shift away from a commoditized business model for Marfrig while competitor Minerva, one of South America's largest beef exporters, goes in the opposite direction.

Reuters 8 months ago

MRRTY
+1.08%
UPDATE 2-Brazil official says China wants smaller list of meat plants for exports

The Chinese government has asked Brazil to reduce a list of meat plants seeking authorization to export to the Asian country, a step that could help Beijing expedite the approval process, Carlos Fávaro, Brazilian agriculture minister, said on Thursday. China was the top destination for Brazilian poultry and pork exports in the first seven months of the year and also Brazil's biggest beef products buyer in the first half, according to data from industry groups ABPA and ABIEC.

Reuters 8 months ago

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MRVSY

MRRTY
+1.08%
Brazil's BRF launches share offering, opening room for Saudi investment

Brazilian food processor BRF said on Tuesday it has filed for a follow-on share offering that will allow a previously announced investment by Saudi Arabia's SALIC in the company to materialize. BRF said in a securities filing it will initially sell 500 million new shares in a bid to raise money to reinforce its capital structure, particularly aiming to lower its net debt as it grapples with high financial leverage. SALIC, Saudi Arabia's agricultural and livestock investment firm, had said in May it was committed to subscribing up to 50% of a potential offering by BRF as long as it was priced at no more than 9.00 reais per share.

Reuters 9 months ago

MRRTY
+1.08%

Performance Overview

Return	MRRTY	IBOVESPA
YTD	-0.53%	-4.23%
1-Year	+42.75%	+26.08%
3-Year	-28.23%	+8.09%

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Marfrig Global Foods S.A. (MRRTY)

Brazil slaughtering records make it global meat king, IBGE data shows

How an American meat broker is fueling Amazon deforestation

Brazil's Marfrig sells abattoirs to Minerva in $1.5 billion deal

UPDATE 2-Brazil official says China wants smaller list of meat plants for exports

Brazil's BRF launches share offering, opening room for Saudi investment

Performance Overview