(JBSsa.com)

JBS quarterly profits beat expectations

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meat processor, posted better than expected second-quarter profits on Wednesday, helped by a sharp increase in revenues from its pork business in the U.S., said the company. São Paulo-based JBS earned 1.657 billion reais (C$650 million) in net income last quarter, compared with 252




National Beef To Go It Alone As JBS Bid Abandoned

National Beef Packing Co. intends to operate as an independent company now that Brazilian beef company JBS SA has abandoned its attempt to buy the No. 4 U. S. beef producer, National Beef’s chairman told Reuters Feb. 20. While disappointed the deal was cancelled, National Beef chairman Steve Hunt said the company would move forward

Brazil’s JBS Drops U. S. National Beef Bid

Brazil’s JBS, the world’s largest beef producer and owner of JBS-Swift, has abandoned its attempt to take over U. S. meat company National Beef Packing Co., saying it could not work out an agreement with U. S. authorities over terms of the deal. JBS became the No. 3 U. S. beef producer in 2008 when


Mexico clears U. S. meat plants

USDA confirmed Dec. 30 that Mexico has approved 20 of 30 suspended U. S. meat plants to resume shipments to that country. The 30 meat plants, which produce beef, pork, and poultry, were suspended from shipping to Mexico the previous week due to sanitary issues like packaging, labelling, and transport conditions, USDA and Mexican officials