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Cargill targets BZL beef biz

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HAY MAKER

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Cargill targets BZL beef biz



Cargill Looks To Enter Brazil Beef Business - Report

Monday April 18, 2005



SAO PAULO (Dow Jones)--U.S. agribusiness company Cargill (CAG.YY) may enter the Brazilian beef industry following its purchase of major chicken firm Seara Alimentos last year, a Seara official said Monday, according to local business daily Valor Economico.



Recently Cargill entered in a joint venture to produce beef in Argentina with Finex Cor.



"Brazil is the largest animal protein market in the world," said Serio Rial, Seara's new president-director.



Brazil was the world's largest exporter of beef in 2004 and the largest chicken exporter.



Cargill bought Seara Alimentos for $130 million last year, signaling the company`s entry into the Brazilian meat industry. According to Rial, Brazil will become the company's principal platform for chicken exports.
 

rkaiser

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:) Thes are your fellow Americans Haymaker. Instead of warring with Canadian producers, you might have to get Rcalf all over a civil war to save your ranches.

Go Rcalf
 

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