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.
Tag Archives JBS — page 2
JBS says China blocks beef from US plant over detection of ractopamine
Unclear when tight US cattle supplies will expand, Tyson CEO says
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.
JBS Brazil plant temporarily closed over labour irregularities
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
JBS says US beef division facing challenges, Seara unit improving
Low cattle supply behind weakness in US division; headwinds expected to continue
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.
New York sues meatpacking giant JBS over climate claims
Attorney general calls company's emissions goals 'infeasible'
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.
JBS improves record on cattle buying, audit finds
Less of the firm’s beef is coming from ranches with environmental or human rights issues
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
Third-quarter profit plunges for JBS
Low U.S. pork prices, beef margins and global chicken glut cited
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
Activists pressure against JBS listing
A coalition of environmental groups is pushing U.S. securities regulators to thwart JBS SA’s New York share listing over concerns about the meatpacker’s impact on deforestation, climate change and other issues. The Brazilian company, the world’s largest meat processor, hopes a U.S. listing will attract a broader investor base to give it more access to
Brazilian meatpacker JBS sees gain from lower grain prices
Reuters – Brazilian meatpacker JBS SA has forecast gains of US$450 million this year related to lower grain prices, particularly corn, higher than guidance of US$340 million given at the end of the first quarter. CFO Guilherme Cavalcanti revealed the estimate, expected to primarily benefit the company’s pork and poultry businesses, as JBS discussed quarterly
JBS posts quarterly loss on tight U.S. beef margins
'Greater balance' forecasted for global chicken supply
Sao Paulo | Reuters — Brazilian meat company JBS SA on Monday reported a second-quarter loss citing the negative effects of an oversupplied global chicken market and tighter margins for its beef business in the U.S., where it gets most of its sales. JBS reported a net loss of 263.6 million reais (C$73.8 million), the
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