Articles tagged under: JBS

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.

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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…

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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…

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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…

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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…

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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…

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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…

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JBS Delivers Huge Net Profits for the Quarter

Published March 26, 2020

The world’s largest meat packer, JBS USA, is reporting quarterly net profits of $482.5 million. Net profits for JBS are up more than 330 percent from last year. JBS pork sales to China from the United States are up ten…

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JBS Signs MOU with Chinese Firm

Published January 28, 2020

The Brazilian-based meatpacker, JBS, has signed a memorandum of understanding with China’s WH Group. JBS will supply up to $717 million of fresh beef, pork and poultry to the Chinese meat and food processing company each year. The WH Group…

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JBS Takes Over Pipestone Meat Processing Plant

Published December 4, 2019

A Pipestone, Minnesota meat processing facility will remain in business. JBS USA plans to leas and eventually acquire the plant. The J & B Group, which produces No Name Steaks and a wide variety of other products for the wholesale,…

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