JBS | Red River Farm Network

JBS Settles Beef Case

Published April 18, 2023

In a proposed settlement, JBS will pay $25 million to commercial beef buyers for allegedly conspiring to restrict market supplies and keep prices artificially high. Cargill and Tyson are also being sued but have not agreed to this settlement. This…

4Q Revenue Drop for JBS

Published March 22, 2023

JBS finished the fourth quarter with net income of $420 million (U.S.), down from $1.2 billion one year ago. JBS’ largest division is its North American beef business and sales in that area dropped seven percent from a year ago.…

Meatless No More

Published October 4, 2022

After two years in operation, JBS USA is shutting down its U.S. plant-based food business. The meatpacking company will put its focus on its plant-based business in Brazil and Europe.

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Weller Moves to JBS

Published September 22, 2022

JBS has hired its first global chief sustainability officer. Jason Weller spent time as the chief of the USDA Natural Resources Conservation Service. Most recently, Weller worked on the Truterra agricultural carbon credit program at Land O’Lakes.

Latest News Ag Business Livestock

JBS Settles Lawsuit

Published September 21, 2022

JBS will pay $20 million to settle a price-fixing lawsuit. A federal judge in Minnesota has approved the settlement. Legal action is still pending against Hormel and Tyson Foods. A database company, Agri Stats, is also charged with sharing confidential…

Latest News Ag Business Livestock

North American Business Gives JBS a Boost

Published May 12, 2022

The Brazilian meatpacker, JBS, made nearly $1 billion in profits during the first quarter. That’s up more than 151 percent from last year. U.S. beef sales to China increased more than 60 percent, while pork exports declined.

JBS Earns Over $1 Billion in Q4

Published March 24, 2022

JBS earned $1.31 billion in the final quarter of 2021. The meat packer had revenue growth of five percent from the same quarter a year ago. Beef exports to China pushed JBS’s revenue past previous records.

‘We Need Answers’

Published February 7, 2022

Newly-elected National Cattlemen's Beef Association President Don Schiefelbein says it’s hard to accept that JBS is willing to pay over $50 million to settle allegations of price-fixing while refusing to admit any wrongdoing. "For cattle producers across the land, it's…

Cyberattack Group Arrested

Published January 17, 2022

The Russian government has arrested 14 members of the group that claimed responsibility for the ransomware attack on Colonial Pipeline and JBS. The IT infrastructure used for the attack has also reportedly been shut down. The attack on Colonial Pipeline…

2Q Income Increases for World’s Largest Meat Processor

Published August 12, 2021

JBS is reporting second quarter net income of $843 million. That’s up from $631 million one year ago. U.S. beef sales are up 19 percent and pork sales are up nearly 26 percent from one year ago.

Latest News Ag Business Livestock

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Articles tagged under: JBS

JBS Settles Beef Case

4Q Revenue Drop for JBS

Meatless No More

Weller Moves to JBS

JBS Settles Lawsuit

North American Business Gives JBS a Boost

JBS Earns Over $1 Billion in Q4

‘We Need Answers’

Cyberattack Group Arrested

2Q Income Increases for World’s Largest Meat Processor

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