JBS

McDonald’s has filed a lawsuit against Tyson Foods, JBS, and other major meat packing companies.  The fast food chain is accusing the packers of colluding for years to limit beef supplies.  The suit says that the collusion allowed the companies to boost their profits while forcing McDonald’s to pay inflated prices for their meat supplies.  McDonald’s says the...

The four CEOs of Cargill, Tyson Foods, JBS, and National Beef Packing have agreed to testify before Congress. Reuters said the meatpacker bosses will discuss cattle markets and price increases for consumers. House Ag Committee Chair David Scott says it’s important to find out why prices have dropped for ranchers and risen for consumers. ...

The National Cattlemen’s Beef Association is upset with a court settlement reached by JBS as part of a class-action lawsuit against the four biggest meatpackers in the U.S. DTN said the court case and the $52.5 million settlement involves price-fixing and the four meatpackers constraining the fed cattle supply. The ...

Leading grocery store operators ended 2021 with a lawsuit against the pork industry for allegedly conspiring to control the industry and raise prices. Kroger, Albertsons, Hy-Vee and others filed the lawsuit against Hormel, JBS USA, Seaboard Foods, Smithfield, Triumph and Tyson, among others last week ...

A fire at the JBS Grand Island, NE, processing facility halted beef packing production Monday. Local firefighters said the blaze burned 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 ...

The Memorial Day weekend cyber-attack on the world's largest meat processor impacted U.S. facilities and created a ripple effect along the supply chain. " caused disruptions to supply chains, logistics, and transportation to customers. And it increased consumer prices]Which has raised questions how to prevent similar events from occurring," said Jennifer van de Ligt of the University of

Ransomware attacks have become a part of everyday life, for small business and large businesses alike, and that includes major Ag and food interests like JBS. Ag Secretary Tom Vilsack warns that Agriculture must be prepared. JBS reportedly paid $11 million in ransom to hackers, just weeks after Colonial Pipeline paid $4 million ...

With cyberattacks against JBS and Colonial pipeline in the news, USDA is stepping up its data security efforts. "We are having conversations, I just had one yesterday about how we are going to ensure that we have a strong system within USDA that we can bolster the capacity to make our systems strong," noted Deputy Agriculture Secretary Jewel Bronaugh ...

Iowa Republican Senator Chuck Grassley joined fellow Republican Mike Rounds of South Dakota and Jon Tester, a Montana Democrat, in introducing legislation on meatpacking. The bill, the Meat Packing Special Investigator Act, would address the "anti-competitive" practices in the meat and poultry industries that threaten the nation’s food supply and national security. The ...

The FBI is investigating, and the Chair of the House Agriculture Committee wants to know if Russia was behind the recent ransomware attack on JBS USA. Chairman David Scott said the “cowardly hacking” of critical U.S. “food, energy, and financial systems must be stopped,” and Russia must be held “accountable” if it’s somehow involved. While the House Ag Committee Chairman h ...