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: Methionine Requirements for Lactating Sows - Cierra Kozole

In this episode of The Swine Nutrition Blackbelt Podcast, Cierra Kozole, PhD candidate in Swine Nutrition at the University of Guelph, explains how methionine supports lactating sows beyond milk protein synthesis. She discusses updated requirement estimates, source comparisons, methylation demand, and why modern sow genetics may require more precise amino acid strategies. Listen now on all major platforms!

"Methionine supports protein synthesis while also serving critical functions through methylation pathways that influence multiple biological processes."

Meet the guest: Cierra Kozole / cierra-kozole-772b64253 is a PhD candidate in Swine Nutrition at the University of Guelph in Canada. Her doctoral research focuses on refining estimates of methionine requirements for primiparous lactating sows, including evaluating methionine sources, nutrient partitioning, methylation reactions, and the links among amino acid supply, milk production, and sow protein retention. Learn more from Cierra Kozole on The Swine Nutrition Blackbelt Podcast, available on all major platforms.