JBS S.A. decided to suspend operations in 33 out of 36 beef slaughter plants in Brazil for three days, after more than a dozen countries temporarily banned Brazilian meat imports this week. The company aims to adjust production to demand as a consequence of the embargoes imposed by importers, after the country's Federal Police announced an operation to dismantle an alleged bribery scheme involving 33 federal sanitary inspectors and 21 meat processing plants. Since the investigations were announced last Friday, Brazil's daily meat exports fell to $74,000 on Tuesday from an average of $63 million before the probe was made public.
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