Insights and Stories on JBS

Oct. 3, 2022 at 7:34 pm CDT

Chicago | Reuters — Brazilian meatpacker JBS is closing its U.S. plant-based foods business, Planterra Foods, after about two years, the company said on Monday. The closure signals increasing troubles in the plant-based protein sector, where U.S. sales are flattening. Colorado-based Planterra sold fake meat under the Ozo brand, but […]

By Tom Polansek

Sep. 29, 2022 at 3:23 pm CDT

Reuters — Smithfield Foods has agreed to pay US$75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. A preliminary settlement in the antitrust case was filed on Tuesday […]

By jonathan-stempel

Aug. 11, 2022 at 7:19 pm CDT

Sao Paulo | Reuters — JBS, the world’s largest meatpacker, posted an almost 10 per cent drop in net profits, to US$766 million, driven by the relative weakness of its U.S. beef and pork units in the second quarter, according to an earnings statement on Thursday. Still, it beat analysts’ […]

By Reuters

Jul. 9, 2022 at 1:45 pm CDT

International meat packer JBS has enlisted a major robotics and automation company to overhaul the warehousing system at one of Canada’s biggest beef plants. JBS Foods Canada on Friday announced a $71 million project in partnership with New Zealand-based Scott Technology, to design and build a system that can handle […]

By Dave Bedard

Apr. 13, 2022 at 7:41 pm CDT

Washington | Reuters — The chief executives of U.S. meatpackers Cargill, Tyson Foods, JBS and National Beef Packing have agreed to testify at a Congressional hearing discussing cattle markets and price increases for consumers, House agriculture committee chairman David Scott said Wednesday. “It is very important, very vital, and very […]

By Kanishka Singh