GFM Network News

More News →

Tag Archives JBS — page 2

Livestock, Markets, Reuters

U.S. livestock: Hog futures rise on supply woes

CME cattle contracts ease

By ,
Chicago | Reuters — U.S. hog futures rallied on Monday, with supply expected to tighten after another slaughterhouse was shut down due to the coronavirus pandemic, traders said. “If we have packers up and running we know we have the domestic demand,” said Ted Seifried, chief market strategist for Zaner Ag Hedge. “It is just […] Read more
Beef Cattle, Livestock

Third major Alberta beef plant confirms COVID-19 cases

JBS in Brooks is the latest with infected workers, but will continue operations

By ,
UPDATED, April 17 — Cases of COVID-19 have now been confirmed at three of Alberta’s major beef packing plants. Three cases of COVID-19 were confirmed Wednesday at the JBS beef packing plant in Brooks, said Tom Hesse, Local 401 president with United Food and Commercial Workers (UFCW) Canada. JBS Canada spokesman Cameron Bruett confirmed some […] Read more
Livestock, Reuters

‘Elbow to elbow:’ North America’s meat plant workers fall ill, walk off jobs

Supply chains struggling to keep pace with surging demand

By , ,
Chicago/Winnipeg | Reuters — At a Wayne Farms chicken processing plant in Alabama, workers recently had to pay the company 10 U.S. cents a day to buy masks to protect themselves from the COVID-19 coronavirus, according to a meat inspector. In Colorado, nearly a third of the workers at a JBS USA beef plant stayed […] Read more
Livestock, Markets, Reuters

U.S. livestock: June hogs, cattle plunge limit down

COVID-19 shuts more U.S. meat processors

By ,
Chicago | Reuters — U.S. livestock futures tumbled on Monday on worries about declining U.S. meat processing capacity after Smithfield Foods announced Sunday it would indefinitely shut one of its pork plants due to novel coronavirus infections among workers. The closure at Sioux Falls, S.D., affecting four to five per cent of U.S. pork production, […] Read more
Livestock, Markets, Reuters

JBS sees steady trade flows but flags export woes

By ,
Sao Paulo | Reuters — Brazil’s JBS, the world’s largest meatpacker, has said the COVID-19 coronavirus epidemic could cause container shortages, port disruptions and other logistics issues, but said trade flows should stay strong thanks to Chinese demand. In a conference call to discuss earnings results on Thursday, JBS executives said its export operations had […] Read more
Beef Cattle, Livestock

A+W starts move to all-grass-fed, all-Canadian beef

Suppliers lined up to begin transition this spring

By ,
Canadian burger chain A+W’s next move to distinguish its menu in a crowded quick-service market will be a connection to the regenerative ag movement, as it sets itself up with an all-Canadian and all-grass-fed beef supply. The Vancouver-based chain, which includes almost 1,000 restaurants across Canada, announced Monday it’s “making a commitment to exclusively source […] Read more
Livestock

JBS to buy U.S. meat processor Empire Packing

By ,
The U.S. arm of Brazilian meat packing giant JBS plans to expand its footprint in case-ready further processing with a deal for Memphis-based Empire Packing. Empire operates meat and poultry processing plants in its home town of Memphis as well as in Cincinatti, Denver, Olympia, Wash. and Mason, Ohio. It also makes the Ledbetter line […] Read more
Livestock, Markets, Reuters

How JBS became collateral damage in a war between billionaires

JBS now plans to tweak U.S. IPO, executive says

By ,
Sao Paulo | Reuters — A business dispute between the disgraced billionaire Batista brothers in Brazil and the heir to an Indonesian pulp and paper fortune is throwing a wrench in meatpacker JBS SA’s plans to for a U.S. listing of its international operations, such as its Canadian beef plant. The dispute stems from a […] Read more

Special Podcast Series

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending June 26, 2020.

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.