BRFS3 BRF Sa

TOP STORIES

Brazil's BRF Shares Down on Fraud Investigation Report -- Market Talk

9:47 ET - Shares of Brazilian meat packer and food processor BRF SA are down more than 11% in morning trade in Sao Paulo after reports that local police are investigating the company on suspicions the group engaged in fraudulent practices regarding food inspection. BRF had no immediate comment on the reports. The investigation into alleged illegal practices began about a year ago, when employees of both BRF and rival JBS SA were targeted for allegedly bribing meat inspectors. Both companies denied wrongdoing at the time. (luciana.magalhaes@wsj.com)

More Kroger, Less Whole Foods at Natural Trade Show -- Market Talk

11:14 ET - Whole Foods won't hold an annual supplier summit at a big natural products convention this week as the grocer overhauls its operations and adjusts to its Amazon ownership. The company had nothing big to announce, a spokeswoman says. Kroger will hold a supplier summit instead, while Target, Albertsons and other mainstream food retailers will hit the Natural Products Expo West as they seek niche foods to try and drive sales. (heather.haddon@wsj.com; @heatherhaddon)

STORIES OF INTEREST

Just Eat's New Chief Facing Questions About Company Plans -- Market Talk

1612 GMT - The new chief executive of Just Eat PLC is likely to face questions about what's on the menu for the online takeaway service when it presents full-year results on Tuesday. UBS is looking to Peter Plumb, who joined the company last year, to update investors about delivery services strategy and partnerships with branded restaurants. The Swiss broker is also seeking comments on technology investment and the potential for capital returns, balanced with views on possible industry M&A. "Barring any major surprise around the 2H 2017 results, we expect focus to be on the outlook, and as usual particularly around order and top-line growth, competition with three-sided players and U.K. growth/margins," UBS says. Just Eat shares last up 0.2%. (philip.waller@wsj.com)

China Faces Tougher Balancing Act as U.S. Pushes Trade War -- Market Talk

0711 GMT - The U.S. launching a trade war could greatly complicate China's twin goals of growing the economy and deleveraging, says Patrick Bennett, head of macro strategy for Asia at CIBC. Those goals sit uneasily together and will clash again this year, he says. "If not for the rise in the threat of trade protectionism, China's leverage to buoyant global demand might have been sufficient to carry the growth target. That is now uncertain, as it is for many economies around the globe." (gregor.hunter@wsj.com; @gregorhunter)

FUTURES MARKETS

Cattle Futures Snap Losing Streak -- Market Talk

14:56 ET - Cattle and hog futures recovered on Monday after falling for most of last week on concerns over expanding U.S. meat supplies. April-dated live cattle futures closed near $1.23 a pound on Monday at the CME, up 0.8% from Friday when the contract fell for a third consecutive day. April-dated lean hog futures also gained on Monday, closing up 1.3% at 68.80 cents a pound. (patrick.mcgroarty@wsj.com; @patmcgroarty)

CASH MARKETS

 
Zumbrota, Minn Hog $1.00 Lower At $39.00 - Mar 5 
 
  Barrow and gilt prices at the Zumbrota, Minn., livestock market are 
$1.00 lower at $39.00 per hundredweight. 
 
  Sow prices are $1.00 higher. Sows weighing 400-450 pounds are at $44.00-$46.00, 
450-500 pounds are $44.00-$46.00 and those over 500 pounds are $48.00-$50.00. 
 
The day's total run is estimated at 100 head. 
 
Prices are provided by the Central Livestock Association. 
 
Estimated U.S. Pork Packer Margin Index - Mar 5 
 
All figures are on a per-head basis. 
 
Date     Standard Margin       Estimated margin 
         Operating Index         at vertically - 
                             integrated operations 
                                      * 
Mar 5        +$29.95             +$ 39.21 
Mar 2        +$27.11             +$ 36.07 
Mar 1        +$25.78             +$ 34.67 
 
* Based on Iowa State University's latest estimated cost of production. 
 
Beef-O-Meter 
This report compares the USDA's latest beef carcass composite 
values as a percentage of their respective year-ago prices. 
 
                                 Beef 
          For Today             Choice  106.5 
      (Percent of Year-Ago)     Select  105.3 
 
USDA Boxed Beef, Pork Reports 

Wholesale choice-grade beef prices Monday rose 71 cents per hundred pounds to $223.23, according to the USDA. Select-grade prices rose 20 cents per hundred pounds to $214.84. The total load count was 95. Wholesale pork prices rose $1.46 to $78.64 a hundred pounds, based on Omaha, Neb., price quotes.

(END) Dow Jones Newswires

March 05, 2018 17:40 ET (22:40 GMT)

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