In this file:
· Brazil's JBS to resume slaughtering at six idle beef units next week
… resume slaughtering at six out of 10 beef processing units… Another four units will restart operations on May 2…
· JBS Swift's Butchertown mural is way of being 'a better neighbor'
· Indefinite closures for JBS lamb plants, as supply challenge reaches critical point
· EQUITY ALERT: Levi & Korsinsky, LLP Reminds Shareholders of JBS S.A. of Commencement of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 22, 2017
Brazil's JBS to resume slaughtering at six idle beef units next week
via Nasdaq - April 20, 2017
SAO PAULO, April 20 (Reuters) - The world's largest
meatpacker JBS SA <JBSS3.SA> will next week resume slaughtering
at six out of 10 beef processing units after sending workers on
temporary leave earlier this month, the company said in a
statement on Thursday.
Another four units will restart operations on May 2 after
"reforms, operating adjustments and the modernization of
equipment" is concluded, the company said.
JBS put workers on leave at ten out of 36 cattle
slaughtering units on April 3 in a bid to adjust capacity amid a
food security scandal that rocked the domestic industry and
caused importers to temporarily stop buying Brazilian meats.
When the plants were shut, JBS said...
JBS Swift's Butchertown mural is way of being 'a better neighbor'
Elizabeth Kramer, Courier-Journal (KY)
April 20, 2017
When people hear about the JBS Swift pork processing plant, it often comes with neighborhood complaints about the smells wafting from the slaughterhouse that produces bacon, pork chops and hams and the heavy flow of truck traffic rumbling through the historic Butchertown neighborhood.
In an effort to change its neighborhood image, the plant has commissioned a mural on the outside portion of one building of the plant on Story Avenue that faces the Butchertown Market.
The mural, covering nearly 5,000 square feet, is expected to be complete in May, nearly 18 months after the company chose artists Aron Conaway and Tara Remington to design and paint the mural on a wall facing the railroad tracks that run through the property and turns a corner that faces Story Avenue.
Former plant Vice President and General Manager John Cliff, who retired in January, started the project because he knew the building needed to be painted. Then he got the suggestion of a mural from Jessica Loving, who has worked as a publicist for the plant.
Cliff, speaking recently by phone from his home in Alabama, said he has always liked the nearby mural under Interstate 64 that depicts children and dogs running down a street, as well as a few downtown murals he thought stood out and looked good.
“I wanted the space to be more about Louisville than JBS Swift,” he said.
Enter Conaway and Remington, who about two years ago made their pitch to Cliff and others at JBS Swift about what they could do with the space. Once they got a budget approved in early 2016, they went to work to get the elements for their design.
Butchertown, past to present
The only requests the artists received from JBS Swift was to include an image of the first slaughterhouse and to start on the east wall with black-and-white design and develop it into full color — which they did...
A kaleidoscope quality ...
more, including inks, photos
Indefinite closures for JBS lamb plants, as supply challenge reaches critical point
by Jon Condon, Sheep Central (Australia)
20 April 2017
JBS Australia has extended temporary closures at two of its southern lamb processing plants for an indefinite period, as livestock supply and price conditions continue to impact heavily on the processing industry.
The company last month announced month-long closures at its Cobram facility on the Murray River west of Melbourne, and Longford lamb chain in northern Tasmania, but both plants will now remain closed for the ‘remainder of the season,’ the company says.
Pressed on how long those closures might last, JBS said re-opening dates could not be determined until a better understanding was gained about lambing rates in spring.
Staff at both plants were informed of the decision yesterday afternoon. The closure will affect 241 personnel at Cobram and 86 at Longford.
“This has been a very tough decision to make, and we do not take it lightly when we are forced to put off staff,” JBS Southern chief operating officer Sam McConnell told Sheep Central yesterday afternoon.
“Putting off skilled people represents a big cost to the company, and we are very conscious of the impact on our team members and the local communities.” Mr McConnell said.
“Unfortunately the industry is facing a major livestock supply challenge. We have seen many closures of plants across the Country. For us these temporary closure decisions are difficult as they impact directly on our team members, their families and the communities in which we operate. Our team at JBS is working with professional service providers and the state governments to provide a range of support services for the displaced JBS team members at Cobram and Longford” Mr McConnell said.
Sheep that would have been processed at Cobram and Longford will now be diverted to other company facilities at Brooklyn and Bordertown.
Though the closures will reduce JBS’s lamb production capacity in its southern operations, importantly the company’s Great Southern branded lamb program will be unaffected, Mr McConnell said.
“There may be some lamb customers that are affected a little by the closures, but at the end of the day, some of our customers presently don’t want to pay the money they have to, to secure a lamb supply. They are taking lamb out of their business, at current prices, or the lamb offer in the chilled cabinet might shrink from two metres of space to half a metre,” he said.
“We’ve certainly seen signs of price resistance, with customers pushing back.”
Mr McConnell said it was difficult to predict how long the closures at Cobram and Longford might be in place.
At Longford, the beef and veal programs are unaffected.
“We’d hope that in spring, we will see lamb numbers but it’s very hard to get a clear picture at the moment. In Western Victoria, some of the best farming country in Australia, there are very mixed signals. The current slaughter lamb shortage was perhaps being exacerbated by the strength of the wool industry.”
Mr McConnell said there was evidence of more sheep in paddocks in local areas, but part of that was Merino wethers that would previously have found their way into lamb production, now being retained for wool.
“That’s just part of the broader lamb supply challenge we’recurrently facing,” he said.
The recent outlook figures coming out of Meat & Livestock Australia were not good for either beef or lamb, Mr McConnell said.
Domestic retail supermarket price wars on lamb have also been blamed in industry circles for the current cost-price squeeze on lamb processors, and the lamb market in general.
While it is not unusual for southern lamb processors to take a week or two off heading into winter for maintenance and upgrades during periods of low supply, the current supply challenge and plant impact is without precedent.
There have been a string of lamb and beef plant closures in southern Australia since January, and other plants continue to survive only on loss-making skeleton three-day weekly kills, as trading conditions and supply issues mount up.
Apart from earlier closures at the two JBS plants, there has been a sequence of other plant closures this year, including:
EQUITY ALERT: Levi & Korsinsky, LLP Reminds Shareholders of JBS S.A. of Commencement of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 22, 2017
Source: Levi & Korsinsky, LLP
via Business Wire - April 19, 2017
NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of JBS S.A. ("JBS") (OTCMKTS: JBSAY) between June 2, 2015 and March 17, 2017. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Eastern District of Pennsylvania. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) JBS executives bribed regulators and politicians to subvert food inspections of its plants and overlook unsanitary practices such as processing rotten meat and running plants with traces of salmonella; and (2) as a result, defendants’ statements about JBS’s business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times.
On March 17, 2017, news outlets reported that Brazilian federal police raided the offices of JBS and dozens of other meatpackers following a two-year investigation into alleged bribery of regulators to subvert inspections of their plants and overlook unsanitary practices. JBS stated in a securities filing that three of its plants and one of its employees were targeted in the probe.
If you suffered a loss in JBS you have until May 22, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171