Articles tagged under: JBS

Class Action Status for JBS Settlement

Published May 26, 2025

An $8.5 million settlement with JBS has received preliminary approval as a class-action lawsuit. This case was brought by R-CALF USA, individual ranchers and the National Farmers Union. The case filed in 2019 alleges antitrust violations by JBS, Tyson, Cargill…
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JBS Expansion

Published February 6, 2025

JBS is expanding its Greeley, Colorado, beef processing plant. The $50 million project includes a state-of-the-art distribution center. Construction is expected to start this year.
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JBS Offers AntiTrust Settlement

Published February 3, 2025

The National Farmers Union, R-CALF USA and four cattle producers are asking the court to approve its $83.5 million class action settlement with JBS. NFU President Rob Larew said the antitrust action against Tyson, Cargill and National Beef will continue.
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McDonald’s Sues Major Meatpackers

Published October 7, 2024

McDonald’s has filed an anti-trust lawsuit against JBS, Tyson Foods, Cargill and National Beef. The restaurant chain claims the meatpackers conspired on the prices paid for cattle and slaughter volumes. The lawsuit alleges the world’s largest meatpackers colluded to limit…
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Activist Groups File SEC Complaint

Published June 17, 2024

The Humane Society of the United States and the Center for Biological Diversity have filed a complaint with the Securities and Exchange Commission. The activist groups claim JBS and its subsidiary, Pilgrim’s Pride, are misleading investors about their animal welfare…
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JBS Beats Analyst Expectations

Published May 15, 2024

The world’s largest meatpacker reported first quarter net income of nearly $320 million. A year ago, JBS suffered a $290 million loss in the same quarter. The Brazilian-based company said there has been a shift in consumption from beef to…
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JBS Releases 4Q Financials

Published March 27, 2024

The world’s largest meatpacker is reporting fourth-quarter profits of $16.7 million. That’s a 96 percent decline from a year ago for JBS. An oversupply of chicken and pork, plus higher grain prices are having an impact.
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2Q Loss for JBS

Published August 15, 2023

The largest meat company in the world is reporting second quarter losses of $53 million. That compares to a profit of $803 million one year ago. JBS cited a downturn in profits in its North American beef, pork and chicken…
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