Articles tagged under: JBS
A Turnaround 1Q for JBS
Published May 13, 2021
The world’s largest meatpacker posted first quarter net profit of $377 million. One year ago, JBS suffered a $1.1 billion loss. With restaurants reopening, U.S. demand for meat is increasing. Exports to Southeast Asia from the United States is also…Connecticut Representative Digs into JBS Subsidies
Published November 5, 2020
Connecticut Representative Rosa DeLauro is requesting an investigation into whether the meatpacker JBS meets requirements for federal subsidies. In a letter to Agriculture Secretary Sonny Perdue, the representative said JBS has received more than $100 million in payments meant for…JBS’ 2Q Beats Industry Expectations
Published August 14, 2020
JBS is reporting net income of $629 million for the second quarter. That’s nearly twice as high as analyst expectations. COVID impacted beef, pork and poultry sales. However strong Brazilian beef exports to China helped boost the final numbers.JBS Acquires Major Lamb Processing Plant
Published August 3, 2020
There’s no confirmation, but JBS’s acquisition of the Mountain States Rosen lamb processing plant at Greeley, Colorado was scheduled to close this past Friday. This plant is the second largest lamb processing facility in the United States, representing 20 percent…Sheep Industry Shocked by Processing Plant Takeover
Published July 31, 2020
South Dakota Stockgrowers Association Executive Director James Halverson is upset with the JBS decision to shut down lamb processing at its newly acquired plant in Colorado. "I don't know that hardly anybody knew about this before the last couple of…Lamb Processing Plant to be Shuttered
Published July 31, 2020
JBS is scheduled to close on its acquisition of the Mountain States Rosen lamb processing plant in Greeley, Colorado later today. The second largest lamb packing plant in the U.S. was forced into bankruptcy when the foodservice industry shutdown during…Chicago-Based Grocer Sues ‘Big Four’ Meatpackers
Published June 10, 2020
A class action federal lawsuit is accusing top U.S. meatpackers, Cargill, JBS, National Beef and Tyson, of artificially increasing the price of meat to boost profit margins. The claim has been filed in Minneapolis by Central Grocers. The Chicago-based grocery…JBS Suffers 1Q Losses
Published May 15, 2020
The Brazilian meatpacker, JBS, is reporting first quarter losses of more than $1 billion. That compares to the U.S. equivalent of $130 million in profits one year ago. Currency valuations are shouldering the blame for most of that downturn. In…Greeley Beef Plant Reopening Its Doors
Published April 24, 2020
A JBS beef packing plant in Greeley, Colorado is reopening its doors today after closing on April 11 once more than 100 employees tested positive for coronavirus. During the closure, the company worked with the National Institute for Occupational Safety…