Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. JBS S.A.
  6. News
  7. Summary
    JBSS3   BRJBSSACNOR8

JBS S.A.

(JBSS3)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-12-02 pm EST
22.22 BRL   +3.01%
12/01Brazil livestock breeders may be over-using antibiotics, animal charity says
RE
11/17Jbs S A : Conference Call Transcript 3Q22
PU
11/17JBS S.A. : Ex-dividend day for final dividend
FA
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. plans rule to protect livestock farmers from company retaliation

09/26/2022 | 12:08pm EST
FILE PHOTO: Cows are sorted into pens for a livestock auction in Dickinson

CHICAGO (Reuters) - The U.S. Department of Agriculture is proposing regulations to prevent meat companies from retaliating against livestock and poultry farmers who speak out on practices such as price-fixing, the agency said on Monday.

The USDA also said it would work with state attorneys general to investigate anticompetitive practices in the agricultural sector that contribute to inflation.

The moves aim to increase competition in the highly concentrated meat industry as part of a broader effort by the Biden administration.

The White House intends to tout the plans on Monday at a third meeting of President Joe Biden's competition council, which was created in 2021.

The USDA said its new rule would prohibit meat companies from retaliating against farmers and ranchers who take part in "lawful communications" and whistle blowing on price-fixing or who participate in associations. It would also seek to protect farmers who may be at a higher risk for mistreatment because of their race, gender, sexuality or religion, the agency said.

The rule would revise regulations under the Packers and Stockyards Act, a century-old law meant to protect farmers from unfair market practices.

It would identify "unlawfully deceptive practices" that violate the act, including those related to the formation and termination of contracts between farmers and meat companies, the USDA said.

In May, the USDA proposed another rule that would require poultry companies to be more transparent with contract chicken growers. The rules aim to improve on previous USDA efforts to protect farmers.

In February, JBS SA agreed to pay $52.5 million to settle litigation accusing meatpacking companies of conspiring to limit supply in the U.S. beef market in order to inflate prices and boost profits. Separately, executives who worked for Pilgrim's Pride and another poultry producer were found not guilty of fixing prices in the poultry sector this year.

(Reporting by Tom Polansek; Editing by Josie Kao)

By Tom Polansek


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
FEEDER CATTLE FUTURE (GF) - CMG/C1 0.75% 182.425 End-of-day quote.8.51%
JBS S.A. 3.01% 22.22 Delayed Quote.-41.48%
LIVE CATTLE FUTURE (LE) - CMG/C1 0.13% 153.25 End-of-day quote.9.56%
PILGRIM'S PRIDE CORPORATION 2.28% 26.07 Delayed Quote.-7.55%
All news about JBS S.A.
12/01Brazil livestock breeders may be over-using antibiotics, animal charity says
RE
11/17Jbs S A : Conference Call Transcript 3Q22
PU
11/17JBS S.A. : Ex-dividend day for final dividend
FA
11/11Transcript : JBS S.A., Q3 2022 Earnings Call, Nov 11, 2022
CI
11/11Jbs S A : Earnings Presentation 3Q22
PU
11/10Jbs S A : Financial Statements 3T22
PU
11/10JBS S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September..
CI
10/24Lower cattle prices to fatten Brazilian meatpackers' margins, analysts say
RE
10/22Brazilian court allows Paper Excellence to conclude acquisition of Eldorado
RE
10/04MarketScreener's World Press Review : October 4 , 20..
MS
More news
Analyst Recommendations on JBS S.A.
More recommendations
Financials
Sales 2022 379 B 72 458 M 72 458 M
Net income 2022 15 699 M 3 004 M 3 004 M
Net Debt 2022 67 648 M 12 943 M 12 943 M
P/E ratio 2022 3,07x
Yield 2022 8,63%
Capitalization 49 287 M 9 430 M 9 430 M
EV / Sales 2022 0,31x
EV / Sales 2023 0,29x
Nbr of Employees 250 000
Free-Float 37,7%
Chart JBS S.A.
Duration : Period :
JBS S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JBS S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 22,22 BRL
Average target price 46,46 BRL
Spread / Average Target 109%
EPS Revisions
Managers and Directors
Gilberto Tomazoni Chief Executive & Operating Officer
Guilherme Perboyre Cavalcanti Chief Financial & Investor Relations Officer
Jeremiah Alphonsus O'Callaghan Chairman
Michael Koenig Chief Ethics & Compliance Officer
Eliseo Santiago Perez Fernandez Director-Administration & Control
Sector and Competitors
1st jan.Capi. (M$)
JBS S.A.-41.48%9 430
HORMEL FOODS CORPORATION-2.40%26 021
TYSON FOODS, INC.-24.87%23 740
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.-18.57%12 680
WH GROUP LIMITED-7.57%8 212
PILGRIM'S PRIDE CORPORATION-7.55%6 165