Insights and Stories on JBS

McDonald’s sues major beef producers in US price-fixing lawsuit

Oct. 7, 2024 at 3:36 pm CDT

Reuters – McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices. McDonald’s said in a lawsuit filed on Friday in Brooklyn federal court that […]

JBS posts profit as chicken and pigs make up for beef slump

Aug. 14, 2024 at 10:40 am CDT

By Reuters roberto-samora

JBS supplies tallow, lard for sustainable aviation fuel

Jul. 22, 2024 at 3:49 pm CDT

By Reuters

JBS says China blocks beef from US plant over detection of ractopamine

May. 29, 2024 at 5:03 pm CDT

By P.J. Huffstutter Reuters Tom Polansek

Unclear when tight US cattle supplies will expand, Tyson CEO says

May. 15, 2024 at 11:25 am CDT

By Reuters Tom Polansek

JBS says US beef division facing challenges, Seara unit improving

Mar. 27, 2024 at 9:21 am CDT

Brazilian meat-packer JBS expects margins of its Seara processed foods maker in Brazil to reach double digits in the first weeks of 2024, citing operational improvements designed to shore up the unit, executives said today.

By Ana Mano Reuters

New York sues meatpacking giant JBS over climate claims

Feb. 28, 2024 at 2:36 pm CST

JBS, the world's largest beef producer, was sued on Wednesday by New York state's attorney general, which accused it of misleading the public about its impact on the environment in order to boost sales.

By jonathan-stempel Reuters

Third-quarter profit plunges for JBS

Nov. 13, 2023 at 5:49 pm CST

Sao Paulo | Reuters — JBS SA, the world’s biggest meatpacker, reported an 86 per cent drop in third-quarter net income compared to a year ago on Monday, sliding to around 573 million reais (C$166.3 million). Net income was under the LSEG consensus forecast of 724 million reais, and far […]

By Ana Mano

JBS posts quarterly loss on tight U.S. beef margins

Aug. 14, 2023 at 7:43 pm CDT

Sao Paulo | Reuters — Brazilian meat company JBS SA on Monday reported a second-quarter loss citing the negative effects of an oversupplied global chicken market and tighter margins for its beef business in the U.S., where it gets most of its sales. JBS reported a net loss of 263.6 […]

By Reuters

Brazil’s JBS reboots plan to list shares in New York

Jul. 12, 2023 at 4:41 pm CDT

Sao Paulo | Reuters — JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the move will bring its multiples closer to peers and that a broader investor base will give it more access to cheaper capital, sending its shares up eight […]

By Ana Mano roberto-samora