Weekly kill: Grids drop sharply, on supply and demand factors

Brazil-based Marfrig Global Foods, already one of the world’s largest animal protein producers, has reached an agreement to purchase a controlling interest in National Beef Packing Co, the fourth-largest beef processor in the United States.

After two years of drought-fuelled herd liquidation which pushed the national beef herd to 20-year lows, some small, but encouraging green shoots of optimism are emerging in the processing sector over future cattle supply outlook.