WR WEEKLY NEWS

JBS reaches deal to sell Canada feedyard, farmland

After recently selling U.S. cattle feeding operations, JBS will sell its Canadian cattle feeding business, too. JBS Food Canada, Inc., announced Friday it will sell Lakeside Feeders, its beef cattle feedyard and adjacent farmland in Brooks, Alberta, Canada to MCF Holdings Ltd. This was reported to be part of a $1.8 billion divestment plan to cut the company’s dairy, poultry and cattle feeding operations after parent company JBS SA was fined $3.1 billion in Brazil to settle a bribery scandal.

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