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JBS News6 articles
US Beef Import Quota Opens 300K Tons; JBS Not Sole Beneficiary
The US opens a 300,000-ton lean beef import quota, not exclusive to JBS. Ground beef prices hit $6.923/lb, up 9.6% YoY. Tyson cuts beef outlook.
JBS Names New CEO as Q2 Loss Misses Forecasts
JBS posts a surprise $102.1 million Q2 loss and appoints Wesley Batista Filho as CEO, effective January 2027.
JBS Plant Closures Signal Deepening U.S. Beef Sector Strain
JBS USA will shutter beef facilities in Souderton, PA, and Memphis, TN, eliminating 1,693 jobs as tight cattle supplies pressure packer margins.
OSHA Tightens Heat Enforcement on Meat Processors, Drops Inspection Quotas
OSHA revised its heat enforcement program on April 10, targeting meat-processing and other high-risk industries while dropping inspection quotas.
JBS Shares Edge Lower Amid $150M Oman Halal Venture, March Earnings in Focus
JBS N.V. shares dipped slightly after announcing a $150 million investment for an 80% stake in an Oman joint venture targeting halal food exports. Investors now await the company's annual results, scheduled for March 25.
JBS Closes Two US Plants as Cattle Shortage Strains Beef Packers
JBS USA is closing its Souderton, PA beef plant and a Memphis meat facility as tight cattle supplies and weak packer margins pressure the industry, affecting 1,693 workers.