JBS Archives - Page 16 of 20 - Canadian Cattlemen

JBS weighs suspending U.S. IPO

By Reuters March 27, 2017

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s biggest meatpacking company, will decide in coming days whether to suspend listing its overseas operations after a corruption scandal, newspaper Folha de S. Paulo said Monday. A person involved in the deal told Reuters last week JBS had no intention of delaying the US$1 billion […] Read more

Beef Cattle, Hogs, Livestock, Markets, Reuters

‘Operation Weak Flesh’ takes bite out of Brazil’s meat exports

By Alberto Alerigi, Thais Freitas, GFM Network News March 25, 2017

Sao Paulo | Reuters –– Brazil’s meat exports have fallen sharply since a police investigation into alleged bribery of food-sanitation inspectors in the world’s top beef and poultry exporter sparked a wave of trade bans, an industry group said on Friday. Import restrictions by several key importers of Brazilian meat, ranging from China to Europe, […] Read more

Beef Cattle, Livestock, Reuters

JBS suspends Brazil beef output amid import bans

By Brad Haynes, Tatiana Bautzer March 23, 2017

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s biggest meatpacking company, announced on Thursday it had suspended beef production at 33 of its 36 Brazilian plants amid the corruption scandal that has caused some of the country’s biggest export markets to ban Brazilian meats. Agriculture Minister Blairo Maggi said a police investigation, which […] Read more

Livestock, Reuters

Brazil ag ministry, police say meat problems not widespread

By Stephen Eisenhammer March 21, 2017

Lapa, Brazil | Reuters — Brazil’s federal police and agriculture ministry said late Tuesday that sanitary and corruption problems found in the nation’s meatpacking industry were isolated incidents, an attempt to tamp down a scandal that has led the Latin American nation’s biggest export markets to ban its meats. Since police launched raids on processing […] Read more

Livestock, Reuters

Brazilian meatpackers slump on import curbs

By Brad Brooks, Dominique Patton March 20, 2017

Sao Paulo/Beijing | Reuters — Fallout from a meatpacking industry scandal in Brazil, the world’s biggest exporter of beef and poultry, widened on Monday as China, the EU, South Korea and Chile curtailed meat imports from the country after inspectors were accused of taking bribes to allow sales of tainted food. With other import curbs […] Read more

Livestock, Reuters

Brazil police raid BRF, JBS meat plants in bribery probe

By Brad Haynes, Sergio Spagnuolo March 17, 2017

Sao Paulo/Curitiba, Brazil | Reuters — Brazilian police raided the premises of global meatpacking companies JBS SA and BRF SA on Friday, as well as dozens of smaller rivals, in a crackdown on alleged bribery of health officials that could threaten US$12 billion in annual exports. The probe, known as “Operation Weak Flesh,” found evidence […] Read more

Livestock, Reuters

JBS sees margins up in 2017 as feed, cattle costs fall

By Brad Haynes, Paula Laier March 14, 2017

Sao Paulo | Reuters — Brazilian meatpacking giant JBS SA expects profit margins to improve over the course of this year, CEO Wesley Batista said on Tuesday, as lower cattle and feed costs and healthier markets ease the pressures that hurt 2016 results. JBS shares rose two per cent in Sao Paulo despite lower-than-expected earnings […] Read more

Hogs, Livestock

JBS to buy U.S. pork processor Plumrose

By Canadian Cattlemen Staff March 13, 2017

U.S. ham and bacon processor Plumrose is set to become an arm of major Brazilian meatpacker JBS. JBS, whose holdings include one of Canada’s biggest beef packing plants at Brooks, Alta., announced Monday it has an agreement in place to buy Plumrose from Danish co-operative Danish Crown for US$230 million. The deal would give JBS […] Read more

Beef Cattle, Livestock, Reuters

JBS shares slump as prosecutors target controlling holder

By Reuters February 7, 2017

Sao Paulo | Reuters –– Shares in JBS SA, the world’s biggest beef exporter, tumbled on Tuesday after prosecutors demanded that Joesley Batista step aside as head of JBS controlling shareholder J+F Investimentos SA. Common shares fell as much as 6.2 per cent to 11.29 reais (C$4.76) in early trading before paring losses to 11.85 […] Read more

Beef Cattle, Livestock, Reuters

JBS plans U.S. IPO for international unit

By Marcelo Teixeira December 6, 2016

Sao Paulo | Reuters –– Brazilian food maker JBS SA, the world’s largest beef processor, plans to launch shares of its subsidiary JBS Foods International B.V. in the U.S. in the first half of 2017 as a part of a larger reorganization, the company said on Monday. Under the plan, the unit currently based in […] Read more

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Tag Archives JBS

JBS weighs suspending U.S. IPO

‘Operation Weak Flesh’ takes bite out of Brazil’s meat exports

JBS suspends Brazil beef output amid import bans

Brazil ag ministry, police say meat problems not widespread

Brazilian meatpackers slump on import curbs

Brazil police raid BRF, JBS meat plants in bribery probe

JBS sees margins up in 2017 as feed, cattle costs fall

JBS to buy U.S. pork processor Plumrose

JBS shares slump as prosecutors target controlling holder

JBS plans U.S. IPO for international unit

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