A fire at the JBS Grand Island, Nebraska, processing facility halted beef packing production Monday. The Grand Island Fire Department explained via Twitter the fire was burning the roof of the facility’s rendering section. The JBS Grand Island facility is a two-shift, beef-processing plant employing more than 3,600 people. The facility’s Facebook page contained a post stating, “Fabrication and slaughter …
JBS Exits NCBA
JBS has left the National Cattlemen’s Beef Association as the group is taking a closer look at market consolidation. NCBA, along with other livestock and general farm organizations, met recently to discuss livestock market concerns. And lawmakers have requested the Department of Justice continue, and provide an update on, its cattle market investigation. Politico reports JBS suspended its membership to …
Brazil State-controlled Bank Cuts Credit Lines to JBS SA
A state-controlled bank in Brazil has cut credit lines to meat processor JBS SA, following the plea bargain deal in which the company’s majority owner admitted paying bribes to Brazilian politicians. Meat industry publication Meatingplace reports the bank decided to review the conditions of JBS’ credit limit, and of a loan expiring in 2018. Reuters previously reported that the Brazilian …