JBS Expansion
JBS is expanding its Greeley, Colorado, beef processing plant. The $50 million project includes a state-of-the-art distribution center. Construction is expected to start this year.
Articles tagged under: JBS
JBS Offers AntiTrust Settlement
The National Farmers Union, R-CALF USA and four cattle producers are asking the court to approve its $83.5 million class action settlement with JBS. NFU President Rob Larew said the antitrust action against Tyson, Cargill and National Beef will continue.
McDonald’s Sues Major Meatpackers
McDonald’s has filed an anti-trust lawsuit against JBS, Tyson Foods, Cargill and National Beef. The restaurant chain claims the meatpackers conspired on the prices paid for cattle and slaughter volumes. The lawsuit alleges the world’s largest meatpackers colluded to limit…
JBS Enjoys Gains in Poultry, Pork Business
JBS is reporting quarterly profits of $315 million. A year ago, the world’s largest meatpacker suffered a loss of more than $53 million. JBS enjoyed gains in its chicken and pork business, but profit margins in the beef division were…
Activist Groups File SEC Complaint
The Humane Society of the United States and the Center for Biological Diversity have filed a complaint with the Securities and Exchange Commission. The activist groups claim JBS and its subsidiary, Pilgrim’s Pride, are misleading investors about their animal welfare…
JBS Beats Analyst Expectations
The world’s largest meatpacker reported first quarter net income of nearly $320 million. A year ago, JBS suffered a $290 million loss in the same quarter. The Brazilian-based company said there has been a shift in consumption from beef to…
JBS Releases 4Q Financials
The world’s largest meatpacker is reporting fourth-quarter profits of $16.7 million. That’s a 96 percent decline from a year ago for JBS. An oversupply of chicken and pork, plus higher grain prices are having an impact.
JBS, Tyson Settle Lawsuit Over Wages
To settle a lawsuit over employee wages, JBS will pay $55 million, and Tyson will pay over $72 million. The lawsuit claims the two meatpackers conspired to keep wages artificially low.
2Q Loss for JBS
The largest meat company in the world is reporting second quarter losses of $53 million. That compares to a profit of $803 million one year ago. JBS cited a downturn in profits in its North American beef, pork and chicken…
JBS Settles Beef Case
In a proposed settlement, JBS will pay $25 million to commercial beef buyers for allegedly conspiring to restrict market supplies and keep prices artificially high. Cargill and Tyson are also being sued but have not agreed to this settlement. This…
