JBS SA, the Brazil-based meat behemoth, is braced for tough times as low cattle availability squeezes beef margins in the U.S., its main market, and management works to return pork business margins to more stable levels.
Environmental groups are pushing U.S. securities regulators to thwart JBS SA’s New York share listing over concerns about the world’s largest meatpacker’s impact on deforestation, climate change and other issues.
Tyson Foods missed Wall Street expectations for third-quarter revenue and profit on Monday, hurt by falling chicken and pork prices as well as slowing demand for its beef products.
Seven U.S. states along the drought-starved Colorado River have reached a deal with the Biden administration to conserve water in a “historic consensus” to prevent supply problems for big cities as well as farmers.
Tyson Foods Inc posted a surprise second-quarter loss on Monday and cut its full-year revenue forecast on falling beef and pork prices, sending the U.S. meat packer’s shares tumbling 9% before the bell.
Tyson Foods Inc. will eliminate about 10% of corporate jobs and 15% of senior leadership roles, Chief Executive Donnie King told employees on Wednesday.
JBS USA is ending contracts with a U.S. company fined for hiring kids to clean meat plants, the unit of Brazilian meatpacker JBS SA said on Monday, adding it is bringing the work in-house at some facilities.
Tyson Foods gave its chicken suppliers two months’ notice of its plan to shut a Virginia processing plant in May, raising concerns among farmers and legal experts about Tyson’s compliance with antitrust regulations.
The management of Brazilian meatpacker JBS SA said on Wednesday it “will be selective” in relation to launching share buyback programs and also regarding acquisitions given instability in international markets.
Nineteen feral cattle have been shot from a helicopter by federal employees in a New Mexico wilderness area in a cull opposed by ranchers and criticized by the state’s governor.
