John Harrington, DTN Livestock Analyst | 6/29/2017 | 9:03 AM CDT Despite the fact that JBS had enjoyed an impressive growth curve through Brazil and parts beyond for more than 50 years, the global meat giant was treated like the new kid on the block by the U.S. media when it first made “worthy” headlines…
Amazon to Buy Whole Foods Amazon shocked many in the food world with news two weeks ago that it plans to buy the grocery retailer Whole Foods for $13.7 billion. The news amplified concerns about Amazon’s size and growth, leading many to call for antitrust scrutiny of the deal. The deal will likely be reviewed…
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…
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…
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…
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…
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…
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…
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…
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….