Tag: JBS

Denver Post: JBS to sell Greeley’s Five Rivers Cattle Feeding as part of $1.8B divestment plan

By Dow Jones Newswires PUBLISHED: June 20, 2017 at 10:49 am World’s largest meatpacker is trying to shore up its cash position following Brazilian corruption settlement signed last month RIO DE JANEIRO — Brazil’s JBS SA, the world’s largest meatpacker, said Tuesday it aims to sell $1.8 billion of assets in a bid to shore


Harvest Public Media: American Beef Industry Gets Ready To Send A Bull Back Into China’s Shops

By Luke Runyon • Jun 15, 2017 After coming to an agreement with U.S. trade officials to bring American beef to China after a 14-year hiatus, the most populous country in the world is set to once again import U.S.-raised beef. To take advantage of the massive new market, however, the U.S. cattle industry is

Reuters: Exclusive: China’s WH Group targets beef and poultry assets in U.S. and Europe

By Tom Polansek and Julie Zhu | CHICAGO/HONG KONG Smithfield Foods Inc’s owner, China-based WH Group Ltd (0288.HK), is scouting for U.S. and European beef and poultry assets to buy, in a move that would sharpen its rivalry with global meat packers Tyson Foods Inc and JBS SA. Expanding into beef and poultry would bring

Food Safety News: U.S. cattlemen see opportunity to reopen JBS anti-trust issue

By News Desk | June 12, 2017 Some U.S. cattle ranchers are seeing an opportunity in the way JBS Corp. has gotten itself tied up in Brazil’s political scandal. JBS USA is the wholly owned subsdiary of JBS S.A., the Brazilian corporation that is the world’s largest fresh beef and pork processor with sales of

The Guardian: Waitrose pulls its corned beef off shelves after Guardian reveals alleged slavery links

Tuesday 6 June 2017 08.20 EDT Documents show JBS, which supplies beef to retailers including Waitrose, previously bought cattle from Brazilian farm now being investigated for labour abuse Waitrose is taking its own-brand corned beef from Brazil off supermarket shelves after an investigation by the Guardian and Brazilian journalists found the products could contain meat


The Conversation: Q&A: Brazil’s latest presidential corruption scandal

May 23, 2017 9.57am EDT Brazil’s president, Michel Temer, is facing a major scandal over a tape purporting to show him condoning bribery and efforts to influence public officials. It’s another in a long series of interconnected public and corporate scandals that’s engulfed the Brazilian elite in recent years. Pedro Dutra Salgado explains a web


Bloomberg: The Dirty Family Secret in a Brazilian $20 Billion Buying Spree

by Gerson Freitas Jr, Tatiana Freitas, and Jeff Wilson May 26, 2017 When beef tycoons Joesley and Wesley Batista sat down with Brazilian prosecutors last month and told them all they knew about the metastatic corruption scandal known as Carwash, they also let the world in on a dirty family secret. The meteoric rise of

Bloomberg: There Aren’t Enough Slaughterhouses to Support the Farm-to-Table Economy

by Deena Shanker May 23, 2017, 3:00 AM MDT Sellers of high-end pork, beef, and chicken agree: there simply aren’t enough facilities to humanely and safely kill their animals. Everything at Blue Hill at Stone Barns in Pocantico Hills, N.Y., has a story. Servers, chefs, and farmers at the restaurant, which was recently ranked No.

Bloomberg BNA: As Factory Farms Spread, So Do Toxic Tort Cases

May 5, 2017 By Steven M. Sellers Large factory farms increasingly occupy rural landscapes once dotted with small family farms, and their concentrated waste has produced a wave of toxic tort litigation. Known as Concentrated Animal Feeding Operations, the facilities confine and raise large populations of livestock. Environmentalists say these operations supply food to such

The Daily Reporter: CommStock Report

Thursday, March 23, 2017 By David Kruse, president of CommStock Investments, Inc. A Bloomberg story on JBS said that since 2005 the Brazilian meatpacking company “bought more than a dozen companies for $14 billion in cash, stock, and debt to become the biggest meat company in the world.” Long time subscribers know that I have