Strained trade relations between China and Australia have prompted Chinese importers to buy more U.S. beef, making room for Brazil to increase exports to the United States, trade data show. The trend helps JBS SA, Marfrig Global Foods SA and Minerva SA, which have multiple plants approved to ship products to the United States and could benefit from more export permits. In the five months to May, Brazilian beef shipments to the U.S. market rose 165.6% to 33,800 tonnes, according to Brazilian beef lobby Abiec.
BRF shares pared early gains on Friday after O Globo columnist Lauro Jardim reported that meatpacker JBS was possibly interested in buying the Brazilian food processor. JBS told Reuters it does not comment on "speculation" after the report in the O Globo newspaper. Rival meatpacker Marfrig Global Foods announced last week it reached a 31% stake in BRF and has informed Brazilian antitrust watchdog CADE of the deal..
* Crude prices lift Colombian peso * Mexican stocks stay at near 3.5 year high * Brazil's Marfrig jumps on moving closer to BRF offer (Adds comments, bullets, details, updates prices throughout) By Susan Mathew and Shreyashi Sanyal June 2 (Reuters) - Rising oil prices lifted crude exporter Colombia's peso to a five-week high on Wednesday, while Brazil's real extended gains to a sixth session and stocks hit record highs on economic growth prospects. The real was up 1.4% and the Bovespa stock index extended gains to a sixth straight session and hit an all-time high of 128,620.25. The real had rallied 1.3% on Tuesday when data showing faster-than-expected growth in the first quarter saw Goldman Sachs, BNP Paribas and Citi raise their 2021 growth forecasts above 5%.