LIVESTOCK HIGHLIGHTS: Top Stories of the Day

Features Dow Jones Newswires

TOP STORIES

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Brazil Judge Bars JBS's Batista Brothers From Key Shareholder Vote -- 2nd Update

SAO PAULO -- Wesley Batista, chief executive officer of meatpacking company JBS SA, won a respite from efforts by some shareholders to oust him after a Brazilian judge suspended Friday a shareholder meeting scheduled for the same day.

The 15-day suspension by federal Judge Giselle de Amaro e Franca followed a decision Thursday night by another judge barring Mr. Batista, who has admitted paying bribes to government officials to get favors for his companies, from voting on proposals that could lead to his removal.

STORIES OF INTEREST

Canadian Grocers Hit Amid Incoming Amazon Delivery Service -- Market Talk

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13:10 ET - Canadian grocers fall on news that Amazon's (AMZN) grocery delivery service could be coming to Canada later this year. The WSJ reported late Thursday that Amazon Prime Now, the Seattle-based online retailer's one- and two-hour membership delivery service, will arrive in Toronto and Vancouver within the next six months. That's pushed Loblaw's (L.T), Canada's biggest grocer, to a midday decline of 3.1%, while Empire (EMP.A.T), which owns Sobeys and Safeway, is down 4.3%. TSX's consumer staples group is also one of the market's biggest decliners of the day, falling 1.1%. (david.george-cosh@wsj.com; @itsdgc)

FUTURES MARKETS

Livestock Futures Mixed to Start Month

Livestock futures were mixed in a quiet session.

Live cattle futures for October delivery fell 0.2% to $1.0515 a pound at the Chicago Mercantile Exchange. Later-month contracts rose.

CASH MARKETS

Estimated U.S. Pork Packer Margin Index - Sep 1

All figures are on a per-head basis.

Date Standard Margin Estimated margin

Operating Index at vertically -

integrated operations

*

Sep 1 +$40.36 +$50.17

Aug 31 +$38.94 +$48.88

Aug 30 +$38.36 +$51.23

Aug 29 +$37.54 +$51.87

* Based on Iowa State University's latest estimated cost of production.

A positive number indicates a processing margin above the cost of production of the animals.

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 97.4

(Percent of Year-Ago) Select 100.5

USDA Boxed Beef, Pork Reports

Wholesale choice-grade beef prices Friday fell 56 cents per hundred pounds, to $191.35, according to the USDA. Select-grade prices fell 69 cents per hundred pounds, to $190.65. The total load count was 126. Wholesale pork prices rose 60 cents, to $83.74 a hundred pounds, based on Omaha, Neb., price quotes.

(END) Dow Jones Newswires

September 01, 2017 17:33 ET (21:33 GMT)