LatAm Agri & Foods "Weekly news recap: JBS, ADECO, SLC, US Beef, Brazil ..."

研报英文原文证据摘录

LatAm Agri & Foods "Weekly news recap: JBS, ADECO, SLC, US Beef, Brazil ..."

Global Research

14 May 2026ab by Powered Lab Evidence UBS YES

LatAm Agri & Foods Equities

AmericasWeekly news recap: JBS, ADECO, SLC, US

Beef, Brazil Beef, Brazil Poultry, Brazil Agri Food

Matheus Enfeldt

Analyst

matheus.enfeldt@ubs.com

In this report we provide a summary of the key news and developments in the +55-11-2767 6975

Agribusiness and Foods sectors over the past week. See our most recent reports

Victor Modanese

and comp tables at the end of the note.

Associate Analyst

victor.modanese@ubs.com

+55-11-2767 6008

Foods

China briefly renews then suspends US beef export licenses amid Trump-Xi

summit

Reuters reported that China renewed export licenses for US beef plants before

reverting their status to “expired” hours later, according to customs data. The

plants lost eligibility after permits expired in 2023, affecting ~65% of facilities. The

move comes amid US-China trade talks, with US beef exports to China falling to ~US

$500mn in 2025 from a US$1.7bn peak in 2022.

EU excludes Brazil from approved meat exporters list

O Globo reported that the EU excluded Brazil from its list of countries allowed to

export animal-origin products, including beef and poultry, under new antibiotic

control rules effective 3 September 2026, citing insufficient guarantees on

antimicrobial use. Brazil is engaging with EU authorities, which requested

additional information, and aims to meet requirements in the coming weeks to

restore market access.

While the removal of Brazil beef and poultry exports from the EU list would be

negative for Brazilian meatpackers (JBS, BEEF) and poultry producers (JBS, MBRF),

we flag the EU isn’t currently a major importer and in 2025 accounted for 2% of