JBS Archives - Page 13 of 19

Brazil police detain JBS CEO

By GFM Network News September 13, 2017

Sao Paulo | Reuters — Brazil’s federal police on Wednesday detained the chief executive of JBS SA, the world’s No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain he signed earlier this year. Wesley Batista, who has been at the helm of JBS since 2011, was detained […] Read more

Beef Cattle, Livestock, Poultry/Eggs, Reuters

JBS still seeks U.S. unit IPO

By GFM Network News August 16, 2017

Sao Paulo | Reuters — JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world’s No. 1 meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a Tuesday conference call to discuss second-quarter results, CEO Wesley […] Read more

Beef Cattle, Livestock, Poultry/Eggs, Reuters

JBS misses estimates as financial expenses soar

By Reuters, GFM Network News August 15, 2017

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, on Monday reported second-quarter income that missed estimates as a spike in net financial expenses and its struggling South American operations weighed on results. JBS reported quarterly net income of 309.8 million reais (C$123.6 million), below a consensus estimate of 603 million reais and […] Read more

Reuters

JBS taps BNP Paribas for Moy Park sale

By GFM Network News July 31, 2017

Sao Paulo / Reuters – JBS SA, the world’s No. 2 food processor, has picked BNP Paribas SA to help sell Moy Park Ltd, which the company has put on the block, a person with direct knowledge of the matter said on Monday. JBS, whose controlling family has been ensnared in a corruption scandal, announced […] Read more

Finishers, Livestock

Nilsson Bros. to buy back JBS feedlot for $50 million

By Grainews Staff, GFM Network News July 14, 2017

Scandal-plagued Brazilian meat packing giant JBS’s plans to sell off non-core assets will see its major cattle feedlot in southern Alberta sold back to its previous owner. JBS USA announced Friday its JBS Food Canada arm has reached a deal to sell Lakeside Feeders, its cattle feedlot and “adjacent farmland” at Brooks, Alta. for $50 […] Read more

Beef Cattle, Livestock, Reuters

JBS gets nod from Brazil court to divest assets

By Reuters, GFM Network News July 13, 2017

Sao Paulo | Reuters — JBS SA has received permission from a Brazilian appeals court to sell assets as the world’s largest meatpacker copes with fallout from a corruption scandal involving the family that controls it. In a statement on Thursday, JBS said it had learned that Brazil’s Regional Federal Court of the 1st Region […] Read more

Beef Cattle, Livestock, Reuters

Brazilian top court justice upholds barring JBS asset sale

By Reuters, GFM Network News July 3, 2017

Brasilia | Reuters — A Brazilian Supreme Court justice has upheld a lower court decision that ordered the world’s largest meatpacker, JBS SA, to halt the sale of US$300 million worth of South American assets to Minerva SA , according to a court document. Justice Edson Fachin agreed with a lower court’s ruling that JBS’ […] Read more

Beef Cattle, Livestock, Reuters

Canada, other countries raise meat inspection bar for Brazil

By Rod Nickel, GFM Network News June 28, 2017

Winnipeg/Chicago | Reuters — Meat-importing countries from North America to Europe and Asia have tightened inspection standards for shipments from Brazil in a bid to protect consumers, following a probe into possible corruption involving inspectors. The Canadian Food Inspection Agency (CFIA) said on Wednesday that the tighter inspection standards it enacted in April have resulted […] Read more

Beef Cattle, Livestock, Reuters

Brazil farm minister heads to U.S. over fresh beef ban

By GFM Network News June 23, 2017

Sao Paulo | Reuters — Brazil’s agriculture minister prepared to travel to the U.S. on Friday to fight a ban on imports of fresh Brazilian beef, which hit shares of local meatpackers and revived concerns about the image of the world’s largest beef exporter. “We will fight for this market!” said the minister, billionaire soy […] Read more

Beef Cattle, Livestock, Reuters

U.S. bans fresh Brazil beef imports over safety concerns

By GFM Network News June 22, 2017

Chicago | Reuters — The United States halted imports of fresh Brazilian beef on Thursday, the U.S. Department of Agriculture said, after a high percentage of shipments failed to pass safety checks. USDA had “recurring concerns about the safety of the products intended for the American market,” after increasing tests on Brazilian beef in March, […] Read more

GFM Network News

U.S. livestock: CME cattle tick lower in thin pre-holiday trade

U.S. grains: Wheat extends gains on short covering, war risk

Prairie forecast: Plenty more chances for snow over Holidays

Tag Archives JBS

Brazil police detain JBS CEO

JBS still seeks U.S. unit IPO

JBS misses estimates as financial expenses soar

JBS taps BNP Paribas for Moy Park sale

Nilsson Bros. to buy back JBS feedlot for $50 million

JBS gets nod from Brazil court to divest assets

Brazilian top court justice upholds barring JBS asset sale

Canada, other countries raise meat inspection bar for Brazil

Brazil farm minister heads to U.S. over fresh beef ban

U.S. bans fresh Brazil beef imports over safety concerns

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