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(JBSsa.com)
Beef cattle, Livestock, Markets

JBS to seek damages from founders

Brazil shareholder vote a win for Brazil's BNDES

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Sao Paulo | Reuters — Shareholders in JBS SA on Friday cleared the way for the Brazilian food processor to sue its own controlling stakeholders and certain former managers, a rare victory for shareholder activism in Latin America’s largest economy. The vote was a win for JBS’s top minority shareholder, national development bank BNDES, which
Brazil producing more meat on less land
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Brazil producing more meat on less land

Meat packer also says direct suppliers don’t contribute to deforestation

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Livestock suppliers in Brazil are producing more while using less land, as concerns mount about straining natural resources to produce food to feed a growing world population, Gilberto Tomazoni, global chief executive of the world’s largest meat packer JBS SA, said Oct. 16. In remarks made during a panel discussion to mark World Food day, Tomazoni said meat
(JBSs.infoinvest.com.br)
Livestock, Markets

JBS parent pleads guilty to U.S. foreign bribery charges

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New York/Rio de Janeiro | Reuters — Brazil’s J+F Investimentos, parent company of the world’s largest meatpacker, JBS, pleaded guilty to U.S. foreign bribery charges and agreed to pay US$128.25 million in criminal fines, prosecutors said on Wednesday. J+F is paying only half of the $256.5 million fines levied due to settlements made with Brazilian
A tract of Amazon jungle burns as it is cleared by farmers at Rio Pardo in Brazil's Rondonia state on Sept. 15, 2019.
Beef cattle, Livestock, Other

JBS vows to monitor whole cattle supply chain’s impact on Amazon

Packer plans to move against cattle 'laundering'

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Sao Paulo | Reuters — JBS SA, the world’s top meatpacker, said Wednesday it plans to combat destruction in the Amazon by monitoring its entire supply chain for deforestation by 2025, as pressure mounts from environmentalists and investors. Brazilian meatpackers are facing increasing criticism that beef production is fueling deforestation in the Amazon, where cleared
Security camera image of a person sought by RCMP in connection to the disappearance of beef from the JBS plant at Brooks, Alta. (Photo courtesy Brooks RCMP)
Beef cattle, Livestock, Other

U.S.-bound truckload of Alberta beef disappears

Over $230,000 in JBS beef hasn't turned up, RCMP says

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A reefer truck loaded with over $230,000 in beef from the JBS plant at Brooks, Alta. is more than two weeks overdue and alleged to be travelling on “fraudulent documents,” RCMP say. Brooks RCMP said Monday they’re investigating after a transport truck that was subcontracted to haul a full load of beef from the JBS
(JBSFoodCanada.ca)
Beef cattle, Hogs, Livestock

JBS to resume U.S. share listing plan after COVID-19 fallout

Management looking also for US$100 million in cost cuts

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Sao Paulo | Reuters — Brazil’s JBS SA is reviving plans to list shares on Wall Street after dealing with the COVID-19 pandemic’s fallout, CEO Gilberto Tomazoni said on Friday, as the world’s largest meatpacker reported strong quarterly results. Speaking on a conference call with analysts following the company’s second-quarter results, Tomazoni said the focus
(Zevei-Wenhui/iStock/Getty Images)
Livestock, Markets

U.S. senators question packers over exports to China during pandemic

USDA shows record pork exports to China in April, raising questions about rising U.S. meat prices

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Chicago | Reuters — Two prominent U.S. Senate Democrats are pressing America’s top meatpackers to disclose by month’s end how much pork, beef and chicken they shipped to China during the coronavirus outbreak while warning of possible meat shortages at home. The request from Senators Elizabeth Warren and Cory Booker increases scrutiny of companies such

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