JBS Archives - Page 12 of 22 - Manitoba Co-operator

Pork baby back ribs. (Grandriver/Getty Images)

Packers win dismissal of U.S. pork price-fixing suits

By GFM Network News, Reuters August 8, 2019

Reuters — A federal judge on Thursday dismissed antitrust lawsuits accusing several large U.S. pork companies of conspiring to limit the supply of pork to inflate prices and their own profits at the expense of consumers and other purchasers. Chief Judge John Tunheim of the federal court in Minneapolis said the plaintiffs failed to show

Livestock

U.S. launches criminal probe into alleged chicken price fixing by Tyson, rivals

By GFM Network News, Reuters June 25, 2019

Reuters — The U.S. Department of Justice has begun a criminal probe into allegations that Tyson Foods and other poultry processors including Pilgrim’s Pride and Sanderson Farms colluded to fix poultry prices, court documents show. The DOJ filed a motion to intervene and stay discovery of evidence in an antitrust lawsuit involving the companies and

Beef cattle, Livestock, Markets

R-CALF suit alleges U.S. packers conspired to suppress fed cattle prices

By GFM Network News, Jonathan Stempel April 23, 2019

Reuters — Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels. Tyson Foods, Cargill, the JBS USA unit of Brazil’s JBS and National Beef Packing

Livestock, Markets

JBS predicts profits will be stronger this year

By Ana Mano, GFM Network News March 29, 2019

Sao Paulo | Reuters — JBS SA executives said Friday the Brazilian meat company will deliver higher earnings in 2019 on strong demand for beef in the U.S. and Australia as well as growing Chinese demand for various proteins. Still, first-quarter results will reflect lower cattle availability in the U.S. due to rains and a

Beef cattle, Livestock

U.S. investigators question shareholders of Brazil’s JBS

By GFM Network News, Reuters December 7, 2018

Brasilia | Reuters –– U.S. investigators this week visited Brazil to question shareholders of J+F Investimentos, the holding company that controls meatpacker JBS SA, as part of an existing plea deal, Brazilian prosecutors said on Friday in a statement. U.S. authorities have been investigating the companies controlled by J+F since their largest shareholders — brothers

Beef cattle, Livestock, Markets

JBS posts narrower-than-expected quarterly loss

By Ana Mano, GFM Network News November 13, 2018

Sao Paulo | Reuters — Brazil-based food company JBS SA on Tuesday posted a narrower than expected quarterly loss on the back of a strong performance by its Seara processed foods and Brazil beef divisions, and resilience in certain of its U.S. operations. Seara booked net sales of 4.9 billion reais (C$1.72 billion) last quarter,

Other

JBS shareholder Batista arrested in food sector corruption investigation

By Ana Mano, GFM Network News November 9, 2018

Rio de Janeiro | Reuters – Brazilian police arrested one of the controlling shareholders of meatpacker JBS SA on Friday in connection with an ongoing police inquiry into illegal campaign contributions while a local news outlet reported two former agriculture ministers were also arrested. A member of JBS’ controlling family Joesley Batista is expected only to

Beef cattle, Livestock

Brazil’s regulator rejects JBS settlement deal

By GFM Network News September 26, 2018

Sao Paulo | Reuters — The Brazilian securities regulator CVM said on Wednesday it had rejected a settlement with the world’s largest meatpacker JBS SA and major shareholders in an insider trading case because of the severity of the allegations. Wesley Batista, the former CEO of JBS, and his brother Joesley are the largest individual

Minerva Foods is a producer and marketer of beef, including exports of live cattle. The company is headquartered in Barretos, Brazil. Photo: azgek/iSock/Getty Images

Livestock

Brazil meat company Minerva plans IPO by Chilean unit

By GFM Network News August 8, 2018

Sao Paulo | Reuters – Brazilian meat company Minerva SA plans an initial public offering in Santiago of its units outside Brazil as a way to reduce its debt, according to a securities filing on Tuesday. After a capital increase at its Chilean subsidiary Athena Food, Minerva said it will gather its operations in Paraguay, Uruguay

Beef cattle, Hogs, Livestock

Brazil’s BNDES willing to sell JBS stake

By GFM Network News June 30, 2018

Rio de Janeiro | Reuters — Brazilian development bank BNDES is willing to sell its stake in meatpacker JBS SA, one source with knowledge of the matter said on Friday. The development bank had already expressed the intention to sell its stake “for the right price.” But the person, who asked for anonymity to discuss

Daily Network News

U.S. livestock: Cattle, hog futures rise on first WASDE since September

U.S. export sales include only small soybean business to China

U.S. corn and soybean yields revised down by USDA

Tag Archives JBS