Investors punish Minerva shares after deal for 16 Marfrig abattoirs

Sep 28, 2023

Shares in South America’s largest beef exporter fell sharply on Tuesday as investors digested Minerva’s move to acquire 16 slaughterhouses from rival meatpacker Marfrig for 7.5 billion reais ($1.53 billion).

Minerva shares fell 15% in morning trading while Marfrig jumped 9%.

Analysts warned that the move, making Minerva one of the world’s biggest beef sellers, could strain its debt levels and weigh on expected dividends.

“We are surprised with the magnitude of this M&A. We believe part of (Minerva’s) investment thesis is supported by its (dividend) payout, and we expect a negative share reaction to the news,” Goldman Sachs analysts said in a note to clients, while noting the “strategic merit” of the deal.

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Video: PRRS Eradication Strategies - Dr. DeBuse and Dr. Tousignant

In this episode of The Swine it Podcast Show, Dr. Neil DeBuse from Kalmbach Feeds and Dr. Steve Tousignant from Vaxxinova US discuss PRRS management strategies, recombination risks, whole genome sequencing, and the role of autogenous immunization programs in swine systems. They highlight practical approaches to improving immunity, reducing outbreaks, and advancing PRRS control across production systems. Listen now on all major platforms!

"Being PRRS negative sooner is a real key for eradication because every additional positive week increases production losses and viral exposure risks." - Dr. Neil DeBuse

Meet the guest: Dr. Neil DeBuse is a veterinarian at Kalmbach Feeds with more than 30 years of experience in swine health and production. His work focuses on PRRS control, biosecurity, immunity, and improving production stability across commercial swine systems in the United States and internationally.

Dr. Steve Tousignant is Director of the Swine Business Unit and Technical Services Veterinarian at Vaxxinova US, with a DVM and PhD from the University of Minnesota. His experience combines epidemiology, technical services, and practical immunization strategies designed to support consistent herd performance and long-term production stability. Don’t miss the chance to be part of the Swine Inner Circle!