JBS Archives - Page 4 of 22 - Manitoba Co-operator

Beef consumption to rise in China, JBS predicts

China seen as more competitive in domestic chicken, pork markets

By GFM Network News, Roberto Samora February 1, 2023

Sao Paulo | Reuters — Demand for beef in China is expected to rise as the country still has relatively low per capita consumption, Gilberto Tomazoni, chief executive of JBS SA, said on Wednesday during a business conference. He said Brazil and the U.S., where JBS has meat facilities, are well positioned to meet China’s

Beef cattle, Livestock, Markets

Meatpacker JBS’s plunging profit beats forecasts

By GFM Network News, Reuters November 11, 2022

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meat producer, on Thursday said quarterly profit plunged 47.1 per cent, but results still beat analysts’ estimates as higher revenues helped offset shrinking margins in its U.S. beef division. The company posted a third-quarter net profit of 4.01 billion reais (C$1.001 billion), while analysts

(Ozo Foods video screeengrab via YouTube)

Crops

Meatpacker JBS to close U.S. plant-based foods business

By GFM Network News, Tom Polansek October 4, 2022

Chicago | Reuters — Brazilian meatpacker JBS is closing its U.S. plant-based foods business, Planterra Foods, after about two years, the company said on Monday. The closure signals increasing troubles in the plant-based protein sector, where U.S. sales are flattening. Colorado-based Planterra sold fake meat under the Ozo brand, but JBS will now focus on

File photo of a truck arriving at a Smithfield Foods pork plant at Smithfield, Va. on Oct. 17, 2019. (Photo: Reuters/Tom Polansek)

Hogs, Livestock, Markets

Smithfield Foods to pay US$75 million in pork price-fixing settlement

Follows similar settlement by JBS

By GFM Network News, Jonathan Stempel September 29, 2022

Reuters — Smithfield Foods has agreed to pay US$75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. A preliminary settlement in the antitrust case was filed on Tuesday night with the federal court

Livestock Markets, Markets

Asian demand for beef to remain strong: JBS CEO

By Ana Mano August 31, 2022

MARKETS While per-capita consumption is still low, world’s largest meatpacker sees opportunity in region

JBS SA, the world’s largest meatpacker, is bullish on the outlook for beef sales to Asian countries, mainly China, as per-capita beef consumption in the region remains low. Speaking on a conference call to discuss second-quarter results, CEO Gilberto Tomazoni said JBS, with its many export platforms, was in a good position to cater to

Beef cattle, Livestock, Markets

JBS quarterly profit falls almost 10 per cent but tops estimates

Cattle prices 'above the expected level'

By GFM Network News, Reuters August 12, 2022

Sao Paulo | Reuters — JBS, the world’s largest meatpacker, posted an almost 10 per cent drop in net profits, to US$766 million, driven by the relative weakness of its U.S. beef and pork units in the second quarter, according to an earnings statement on Thursday. Still, it beat analysts’ forecasts. JBS reported a 4.6

A Savoye X-PTS shuttle. Scott Technology has had a joint venture agreement in place with Savoye since 2020 to use Savoye automated carton storage and retrieval systems in Scott material handling systems. Scott said it also plans to use the Savoye system in its project for JBS at Brooks. (ScottAutomation.com)

Beef cattle, Livestock

JBS to automate beef warehousing at Brooks

Packer to replace current fully manual system

By Dave Bedard, GFM Network News July 9, 2022

International meat packer JBS has enlisted a major robotics and automation company to overhaul the warehousing system at one of Canada’s biggest beef plants. JBS Foods Canada on Friday announced a $71 million project in partnership with New Zealand-based Scott Technology, to design and build a system that can handle and store up to 85,000

In 2020, a total of seven workers at two JBS facilities in Colorado and Wisconsin died from COVID-19.

News

JBS U.S. units to adopt pandemic response plans after COVID outbreaks

Investigation finds that 269 workers in the U.S. died from outbreaks at packing plants

By Daniel Wiessner June 13, 2022

Reuters – Subsidiaries of meat processor JBS USA have agreed to implement infectious disease preparedness plans at seven U.S. plants, in the wake of a U.S. congressional report finding that the industry largely failed to prevent the spread of COVID-19 among workers. The agreement was announced in late May by the U.S. Occupational Safety and

Markets, News

Brazil’s JBS says China lockdowns won’t affect demand, logistics a concern

By Reuters May 20, 2022

Brazilian meat giant JBS SA played down the effects of COVID-19-related lockdowns in China, saying they would not affect demand for JBS products despite causing logistics concerns, according to management remarks on May 12. During the first quarter, inventories rose in the United States because of logistics issues that also hampered U.S. ports, increasing costs

Livestock, Markets

CEOs of four large U.S. meatpackers to testify in Congressional hearing

Beef prices up for consumers, down for ranchers

By GFM Network News, Kanishka Singh April 14, 2022

Washington | Reuters — The chief executives of U.S. meatpackers Cargill, Tyson Foods, JBS and National Beef Packing have agreed to testify at a Congressional hearing discussing cattle markets and price increases for consumers, House agriculture committee chairman David Scott said Wednesday. “It is very important, very vital, and very urgent that we hear the

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

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