JBS

JBS is shutting two US beef plants, reducing about 8 percent of its American beef capacity, as the US cattle herd reaches a 74-year low of 86 million head. The closures in Pennsylvania and Tennessee affect approximately 1,700 workers.

JBS, the world’s largest meat company, entered the Russell 3000 US index after the close on June 26. Index inclusion was the main prize behind the company’s 2025 New York listing. Analysts estimate roughly $190m to $300m of automatic buying from index funds.

JBS, the world's largest meat company, is set to join the Russell 1000 on June 26, triggering automatic purchases by index-tracking funds and injecting $12.2 trillion in benchmarked money.

JBS, the world's largest meat company, began trading in New York in June after a decade-long effort marked by corruption and deforestation concerns. The listing concludes a prolonged attempt to enter the New York market.

JBS, the world's largest meat company, will close a beef plant in Souderton, Pennsylvania, and a value-added plant in Memphis, Tennessee. The Pennsylvania facility employs approximately 1,700 people and processes around 2,000 cattle daily. The closures are attributed to a US cattle shortage.

Low U.S. cattle herd numbers, driven by drought, have led to concerns about beef packing plant closures. Tyson Foods recently shut down a Nebraska plant, causing job losses, and industry experts warn of further shutdowns due to declining cattle supplies and consolidated market control by four major companies.

Brazilian beef stocks declined following an EU import ban, with JBS, MBRF, and Minerva shares dropping. The ban removes Brazil from the EU’s authorized-supplier list, effective September 3, 2026, while Brazil reported record beef exports.

A report by University of Miami researchers found that 98% of environmental claims made by 33 major global meat and dairy companies, including Wisconsin-based operations like Saputo Cheese and Tyson Foods, are 'greenwashing' due to lack of supporting evidence. The study highlights that only three claims were backed by peer-reviewed research, comparing corporate tactics to those of the fossil fuel industry in misleading consumers about climate impact.

The U.S. Department of Justice's antitrust division is investigating Cargill, JBS, National Beef, and Tyson Foods for potential criminal anti-competitive conduct, following allegations of price manipulation. The investigation, reported by Bloomberg, focuses on whether these major meatpacking companies engaged in practices that distorted market competition.