Daily Network News

More News →

Tag Archives JBS

(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle tumble in technical selloff after contract highs

By
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell more than one per cent on Tuesday, reversing from earlier life-of-contract highs on pressure from investment fund and technical selling, traders and analysts said. Feeder cattle futures declined by their daily price limit of 4.5 cents/lb. while lean hog futures were mostly one per cent higher […] Read more
(JBSs.infoinvest.com.br)
Livestock, Reuters

JBS sells LatAm units to Minerva

By
Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA has agreed to sell plants in Argentina, Paraguay and Uruguay to rival Minerva SA for US$300 million, as the world’s largest meatpacker seeks cash to weather a corruption scandal that caused a spike in funding costs. JBS will use proceeds from the transaction to cut debt, according to […] Read more
(JBSS.infoinvest.com.br)
Beef Cattle, Livestock, Reuters

JBS parent to pay record fine in leniency deal

By ,
Reading Time: 3 minutes Brasilia/Sao Paulo | Reuters — J+F Investimentos, controlling shareholder of the globe’s largest meatpacker JBS SA, agreed to pay a record-setting 10.3 billion real (C$4.3 billion) fine for its role in corruption scandals that threaten to oust President Michel Temer, Brazilian prosecutors said. The settlement means that Brazil’s three-year sweeping graft investigations have now led […] Read more
(JBSs.infoinvest.com.br)
Livestock, Reuters

JBS scandal might reduce Brazil meat supplies, industry group says

By ,
Reading Time: 2 minutes Sao Paulo/Cuiaba | Reuters — An unfolding corruption scandal involving meatpacker JBS SA may reduce meat supply in Brazil, potentially benefiting rivals of the world’s largest beef exporter, industry group Abrafrigo said. Since the scandal broke, JBS and ranchers have been at odds, with the company deciding to stop buying cattle for cash and producers […] Read more
(JBSsa.com)
Livestock, Reuters

JBS brothers test dealmaking skills in Brazil plea deal showdown

By ,
Reading Time: 3 minutes Sao Paulo/Washington | Reuters — The brothers whose deft dealmaking helped build JBS SA into the world’s No. 1 meat processor are testing that talent like never before as they seek a leniency deal with prosecutors after admitting to paying millions of dollars in bribes to Brazilian politicians. JBS and its controlling shareholder J+F Investimentos, […] Read more
(JBSS.infoinvest.com.br)
Livestock, Reuters

Brazil watchdog opens new probes into JBS-related insider trading

By ,
Reading Time: 2 minutes Sao Paulo | Reuters — Brazil’s securities regulator said it launched four new probes against meatpacker JBS SA and other companies controlled by J+F Investimentos on Friday to investigate suspicious trades made before markets were rattled by the revelation of a plea deal by the company’s top executives. In a statement late on Friday, CVM […] Read more
(JBSsa.com)
Livestock, Reuters

JBS delays but does not give up on U.S. IPO plan

By
Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has delayed but not ditched its plan to list a U.S. subsidiary this year despite a series of investigations targeting the company’s owners, CEO Wesley Batista said Tuesday. A court last week ruled the CEO and his brother Joesley, fellow founder and current JBS […] Read more
(JBSS.infoinvest.com.br)
Livestock, Reuters

Brazil police probe loans to JBS

By ,
Reading Time: 2 minutes Brasilia | Reuters — Brazil federal police are investigating suspected fraud in loans by state development bank BNDES to JBS SA, a police source said on Friday, sending shares of the world’s largest meat processor lower after a series of scandals. Separately, police said earlier on Friday they would detain 37 people for questioning and […] Read more
(JBSS.infoinvest.com.br)
Livestock, Reuters

JBS mulls delaying IPO of international unit

By
Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA, the world’s largest meat processor, may postpone the New York listing of a global food processing unit originally expected for the second quarter because of lukewarm investor feedback after a scandal in Brazil, two people with knowledge of the situation said. Executives at Sao Paulo-based JBS were worried […] Read more

Latest Market News

More Market News →