Chicago | Reuters — JBS USA, one of the biggest U.S. meatpackers, is creating an internal company to clean some of its processing plants after a private sanitation firm it employed was accused of hiring children for dangerous work. The launch shows the complexities involved in replacing Packers Sanitation Services Inc. (PSSI), a firm that […] Read more
Tag Archives pilgrim’s pride
JBS opens cleaning unit after outside firm fined for hiring kids
Company says has cut ties to cleaning contractor
U.S. tornadoes destroy chickens, tractors, silos
Chicago | Reuters — A Deere dealership and a Pilgrim’s Pride chicken hatchery were destroyed when deadly tornadoes swept through Kentucky on Friday, while silos holding millions of bushels of corn suffered damage, the companies and the state’s agriculture commissioner said on Monday. At least 64 people, including six children, lost their lives in Kentucky […] Read more
Pilgrim’s Pride strikes deal over U.S. chicken price-fixing charges
Reuters — U.S. poultry company Pilgrim’s Pride Corp. said Wednesday it will pay a US$110.5 million fine after striking a plea deal with the Justice Department over price-fixing charges on chicken products. The guilty plea makes Pilgrim’s Pride, mostly owned by Brazilian meatpacker JBS, the first U.S. chicken company to reach an agreement with the […] Read more
U.S. indicts six more chicken-industry execs over alleged price fixing
Case alleges executives conspired to inflate prices for broilers
Chicago | Reuters — The U.S. government has indicted six more chicken-industry executives over alleged price-fixing, broadening antitrust prosecutions in its probe of the US$65 billion poultry sector. In June, the Justice Department indicted Pilgrim’s Pride CEO Jayson Penn and three others in its first charges in the criminal probe involving broiler birds, which account […] Read more
U.S. indicts Pilgrim’s Pride CEO for alleged chicken price-fixing
Allegations cover period from 2012 to 2017
Washington/Chicago | Reuters — The CEO of Pilgrim’s Pride Corp., a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the U.S. Department of Justice said Wednesday. A grand jury in Denver indicted Jayson Penn, the president and CEO […] Read more
U.S. launches criminal probe into alleged chicken price fixing by Tyson, rivals
Reuters — The U.S. Department of Justice has begun a criminal probe into allegations that Tyson Foods and other poultry processors including Pilgrim’s Pride and Sanderson Farms colluded to fix poultry prices, court documents show. The DOJ filed a motion to intervene and stay discovery of evidence in an antitrust lawsuit involving the companies and […] Read more
U.S. investigators question shareholders of Brazil’s JBS
Brasilia | Reuters –– U.S. investigators this week visited Brazil to question shareholders of J+F Investimentos, the holding company that controls meatpacker JBS SA, as part of an existing plea deal, Brazilian prosecutors said on Friday in a statement. U.S. authorities have been investigating the companies controlled by J+F since their largest shareholders — brothers […] Read more
JBS beats estimates, refinances bank debt
Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meatpacking company, beat analysts’ estimates for the first quarter and closed a deal to refinance the bulk of its bank debt on Monday. JBS’ net income for the first quarter, 506 million reais (C$179.45 million), was 48 per cent above analysts’ estimates, with higher […] Read more
Cargill considering bid for JBS’ Pilgrim’s Pride
Sao Paulo / Reuters – Global commodities trader Cargill Inc is considering bidding for Pilgrim’s Pride Corp, a U.S.-based chicken processor controlled by scandal-ridden Brazilian group JBS SA, newspaper O Estado de S. Paulo reported on Wednesday. A JBS representative said Pilgrim’s Pride is not for sale. An emailed request for comments from Cargill went […] Read more
Abu Dhabi fund not eyeing bid for JBS, source says
Abu Dhabi/Sao Paulo | Reuters — Shares of JBS SA erased gains on Friday after a source denied that Abu Dhabi sovereign wealth fund Mubadala Development Co. PJSC was arranging partners to make a bid for control of the world’s largest meatpacker. A person with direct knowledge of Mubadala’s strategy told Reuters that, despite a […] Read more
Cyber-Savvy Farmer
