JBS Archives - Page 2 of 22 - Manitoba Co-operator

McDonald’s sues major beef producers in US price-fixing lawsuit

October 7, 2024

Reuters – McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices. McDonald’s said in a lawsuit filed on Friday in Brooklyn federal court that the meatpackers, also including Cargill

News

JBS posts profit as chicken and pigs make up for beef slump

By Reuters, Roberto Samora August 14, 2024

Brazil's JBS SA, the world's largest meatpacker, said on Tuesday that divisions that process chicken and pigs lifted its results, including poultry unit Pilgrim's Pride, JBS USA Pork in the U.S., and Seara in Brazil.

News

JBS supplies tallow, lard for sustainable aviation fuel

By Reuters July 22, 2024

Brazilian meatpacker JBS is supplying tallow and lard from its international operations for production of renewable aviation fuels, and it is studying a similar initiative in Brazil through the Friboi brand, the company said on Monday.

Markets, News

JBS says China blocks beef from US plant over detection of ractopamine

By P.J. Huffstutter, Reuters, Tom Polansek May 29, 2024

Processor JBS said on Wednesday that Beijing blocked U.S. beef shipments from the company's plant in Greeley, Colorado, because traces of the feed additive ractopamine were identified in beef destined for China.

Livestock, News

Unclear when tight US cattle supplies will expand, Tyson CEO says

By Reuters, Tom Polansek May 15, 2024

Tyson Foods cannot predict exactly when U.S. ranchers will start rebuilding the cattle herd in a meaningful way, CEO Donnie King said on Wednesday, as tight supplies squeeze the meatpacker's beef business.

News

JBS Brazil plant temporarily closed over labour irregularities

By Reuters April 29, 2024

By Ana ManoA JBS beef plant in the centre-west state of Goias, Brazil, was ordered shut for two days by labour auditors due to irregular work conditions, one of the inspectors said April 17. JBS immediately presented “an adaptation plan” that was accepted by the Ministry of Labor and Employment and is being executed, the

Markets

JBS says US beef division facing challenges, Seara unit improving

Low cattle supply behind weakness in US division; headwinds expected to continue

By Ana Mano, GFM Network News, Reuters March 27, 2024

Brazilian meat-packer JBS expects margins of its Seara processed foods maker in Brazil to reach double digits in the first weeks of 2024, citing operational improvements designed to shore up the unit, executives said today.

Livestock

New York sues meatpacking giant JBS over climate claims

Attorney general calls company's emissions goals 'infeasible'

By GFM Network News, Jonathan Stempel, Reuters February 28, 2024

JBS, the world's largest beef producer, was sued on Wednesday by New York state's attorney general, which accused it of misleading the public about its impact on the environment in order to boost sales.

Livestock, News

JBS improves record on cattle buying, audit finds

Less of the firm’s beef is coming from ranches with environmental or human rights issues

By Ana Mano November 20, 2023

Reuters – JBS, the world’s largest meatpacker, has reduced cattle purchases from ranches with “irregularities” such as illegal deforestation, federal prosecutors found in their latest round of audits in the Amazonian state of Para, released Nov. 9. Prosecutors said in a briefing that six per cent of JBS’s audited cattle purchases came from farms potentially

Livestock, Markets

Third-quarter profit plunges for JBS

Low U.S. pork prices, beef margins and global chicken glut cited

By Ana Mano, GFM Network News November 13, 2023

Sao Paulo | Reuters — JBS SA, the world’s biggest meatpacker, reported an 86 per cent drop in third-quarter net income compared to a year ago on Monday, sliding to around 573 million reais (C$166.3 million). Net income was under the LSEG consensus forecast of 724 million reais, and far below the whopping four billion-real

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

McDonald’s sues major beef producers in US price-fixing lawsuit

JBS posts profit as chicken and pigs make up for beef slump

JBS supplies tallow, lard for sustainable aviation fuel

JBS says China blocks beef from US plant over detection of ractopamine

Unclear when tight US cattle supplies will expand, Tyson CEO says

JBS Brazil plant temporarily closed over labour irregularities

JBS says US beef division facing challenges, Seara unit improving

New York sues meatpacking giant JBS over climate claims

JBS improves record on cattle buying, audit finds

Third-quarter profit plunges for JBS

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