Meat Company News
Pilgrim's Pride paid about $1 billion to buy U.K. poultry producer Moy Park from its biggest shareholder JBS, which has been selling off its assets amid a corruption scandal in Brazil.
JBS new financial reports offer a 80% year-on-year drop in income for the second quarter of this year, due to growing net financial expenses.
World Meat News
As a result of the Brazil corruption scandal, JBS has been put up for sale Moy Park - one of Europe biggest poultry producers.