Insights and Stories on JBS

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

Mar. 14, 2017 at 6:33 pm CDT

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 […]

JBS to buy U.S. pork processor Plumrose

Mar. 13, 2017 at 7:09 pm CDT

By Staff

JBS shares slump as prosecutors target controlling holder

Feb. 7, 2017 at 5:17 pm CST

By Reuters

JBS plans U.S. IPO for international unit

Dec. 6, 2016 at 3:03 am CST

By Marcelo Teixeira

Investors press meat producers to cut water pollution

Nov. 21, 2016 at 9:22 pm CST

By Lisa Baertlein

JBS scraps reorganization after Brazil veto

Oct. 26, 2016 at 4:18 pm CDT

Sao Paulo | Reuters — JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world’s biggest beef exporter tumbling and dealing a blow to a plan to become a global food processing powerhouse. In a Wednesday […]

By Guillermo Parra-Bernal Reese Ewing

Major Alberta cattle feeder set to shut feedlots

Sep. 21, 2016 at 2:59 pm CDT

Reuters — One of Canada’s biggest cattle feeding operations, Western Feedlots, said Wednesday it will close feeding operations after marketing the cattle it currently owns, due to poor market conditions. Closure of Western’s feeding operations, likely early in 2017 once its current cattle are sold, will make it more difficult […]

By Rod Nickel

JBS chiefs return to posts

Sep. 14, 2016 at 5:10 pm CDT

The CEO and board chairman of the world’s biggest beef exporting firm say they’ve received clearance from a Brazilian federal court to return to their positions, after being ordered off the job last week. Brothers Wesley Batista and Joesley Batista, the CEO and board chairman respectively at Brazilian meat packing […]

By Staff

JBS CEO ordered to step aside in Brazil pension fund probe

Sep. 6, 2016 at 7:37 am CDT

Brasilia | Reuters — Brazilian police launched an investigation of fraud at state-run companies’ pension funds on Monday, as a judge ordered dozens of senior financiers and executives away from their firms, including the CEO of the world’s biggest beef exporter. Police carried out five arrests, more than two dozen […]

By Cesar Raizer

JBS quarterly profits beat expectations

Aug. 11, 2016 at 7:52 pm CDT

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meat processor, posted better than expected second-quarter profits on Wednesday, helped by a sharp increase in revenues from its pork business in the U.S., said the company. São Paulo-based JBS earned 1.657 billion reais (C$650 million) in net income […]

By Reuters