JBS, the world's largest meatpacker, said cattle remain scarce and expensive in the U.S., dampening the outlook of its beef business in the country where the company derives most of its sales.
Tag Archives meat processing
Brazil’s JBS bullish despite challenging outlook for US beef business
Trump administration aims to make faster meat processing permanent
Agency plans rulemaking to formalize speed increases
Chicago/Washington | Reuters – The Trump administration said on Mar. 17 that it plans to permanently allow U.S. poultry and pork processing plants to operate more quickly, raising concerns among advocacy groups about worker health and food safety. The U.S. Department of Agriculture decision is a victory for meat companies and industry associations such as the National Chicken […] Read more
China renews export registrations for US pork, poultry plants, industry groups say
Beijing has renewed registrations that allow hundreds of U.S. pork and poultry facilities to export to China, industry groups said on Monday, after lapses threatened shipments to the world's largest meat importer.
Olymel parent company posts profit in ‘pivotal’ year
Sollio Cooperative Group says recovery plan working after losses, closures
Olymel parent company Sollio Cooperative Group says 2024 was one of its best years in decades as the company recovers from a period of losses and closures.
Smithfield Foods to keep US pork plants open, eyes tariffs amid IPO, CEO says
Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff by Hong Kong-based WH Group 0288.HK.
Meat packer Pilgrim’s Pride agrees to pay $41 million to settle investors’ lawsuit
Meat industry giant Pilgrim’s Pride has agreed to pay $41.5 million (C$59.7 million) to settle a securities class action alleging the company artificially boosted its stock price by making false and misleading statements about chicken industry competition.
Smithfield Foods targets up to $10.7 billion valuation in US IPO
Smithfield Foods is targeting a valuation of up to $10.73 billion (C$15.41 billion) in its U.S. initial public offering, the packing giant said on Tuesday, moving closer to its much-anticipated stock market return in the country after more than a decade.
US chicken, pork plant workers face higher health risks, USDA studies confirm
Workers in U.S. chicken and pork plants face higher risks than other manufacturing workers for musculoskeletal disorders such as carpal tunnel syndrome, according to two studies the U.S. Department of Agriculture issued on Friday.
Smithfield Foods first to publicly file in 2025 for big US IPO
Smithfield Foods on Monday made public its paperwork for an initial public offering in the United States, as the maker of Farmland bacon and Farmer John sausages prepares for its U.S. stock market return after more than a decade.
Tyson Foods to close Kansas meat plant, cutting more than 800 jobs
Tyson Food will permanently close a meat plant in Emporia, Kansas, that employs more than 800 people, according to a letter the company sent to the state on Monday.
Canadian Cattlemen Presents: Depth of Field
