JBS SA will have to wait until later this year for listings on the Brazilian and New York stock exchanges.
The Brazilian-based JBS SA is the parent company of JBS USA, which it acquired in 2007 when it purchased the assets of Swift & Co and became one of the
Continue Reading ‘Dual’ listing for giant meat company delayed until later in 2024
Did you get something big for Christmas? Big?!! I bet it was not as big as the gift a Brazilian Supreme Court judge gave J&F, the family investment firm that controls the world’s largest meatpacker, JBS.
Right before Christmas, a Brazilian Supreme Court justice suspended $10.3 billion or about $2.1
Continue Reading Brazilian judge cuts $2.1 billion off JBS owner’s bribery fines
JBS USA will hold its third quarter 2020 earnings conference call for the investment community this coming Friday, Nov. 13, 2020. There’s more than just the usual financial news to talk about. CEO Gilberto Tomazon has already told financial analysts that plans dating back to 2015 for an initial public
Continue Reading JBS, S.A. shareholders agree to sue Joesley and Wesley Batista
Those OSHA fines for not protecting employees from the coronavirus are getting blow-back from both the industry and the union.
The North American Meat Institute (NAMI) issued a statement after Smithfield Foods in Sioux Falls, SD, and JBS USA in Greeley, CO, were hit with fines totaling about $29,000. Both
Continue Reading Blowback from industry and union on OSHA for Smithfield/JBS fines
When they have not sold enough spot advertising, broadcasters air public service announcements that these days are all about how we are “in this together.”
But up and down the meat industry, the only togetherness that seems to exists is that everybody wants to slap down somebody else. It follows
Continue Reading Mood turns sour as meat and poultry industry tries to keep production up with demand
COVID-19 has forced the closures of the Smithfield Foods pork processing plant in Sioux Falls, SD, and the JBS USA beef plant in Greeley, CO.
Smithfield on Easter Sunday announced the former John Morrell plant in Sioux Falls, one of the largest pork processing facilities in the U.S., would be
Continue Reading Two large meat facilities shutdown because of too many employee COVID-19 cases
Saul Sanchez, a 78-year old “green hat” supervisor at the JBS beef plant in Greeley, CO, died from COVID-19 on April 7. He worked at the Greeley beef plant for more than 30 years.
After Sanchez was diagnosed and hospitalized in March, his family was frustrated by JBS officials being
Continue Reading Death, illness reports cause industry to get busy with COVID-19 mitigation measures
If you haven’t heard, a Seattle attorney is petitioning the USDA to make it illegal to sell meat and poultry that is contaminated with Salmonella.
Yep, as of right now — and who knows how much longer — it is perfectly legal to sell you hamburger, whole hogs, turkey
Continue Reading Beach Beat: The faces behind the petition
Mega-producer JBS USA has banned the use of ractopamine in the hogs it purchases because it sees a trade opportunity with China where the growth drug remains prohibited. JBS, owned by JBS S.A. based in Brazil, hopes to help China fill a huge gap created by the African swine disease
Continue Reading JBS USA drops ractopamine amidst trade opportunities with China
Two U.S. Senators want an interagency committee authorized to review certain transactions to conduct an open-ended review of Brazil’s JBS S.A., which owns Greeley, CO-based JBS USA.
Sens. Marco Rubio, R-FL, and Bob Menendez, D-NJ, have asked Secretary of Treasury Steven Mnuchin to use the Committee on Foreign Investment in
Continue Reading Rubio and Menendez call for foreign investment probe of JBS, SA
