<form id="lwufo"><acronym id="lwufo"></acronym></form>
          Log in
          E-mail
          Password
          Remember
          Forgot password ?
          Become a member for free
          Sign up
          Sign up
          New member
          Sign up for FREE
          New customer
          Discover our services
          Settings
          Settings
          Dynamic quotes 
          OFFON

          MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  JBS SA    JBSS3   BRJBSSACNOR8

          JBS SA

          (JBSS3)
            Report
          SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
          News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

          Beef Producer Expects Reduced Capacity -- WSJ

          share with twitter share with LinkedIn share with facebook
          05/16/2020 | 02:48am EDT

          By Jacob Bunge

          The coronavirus will likely hamper U.S. meat production for months, as new safety measures and reduced staffing slow plant operations, said the head of the biggest U.S. beef producer.

          JBS USA Holdings Inc., which slaughters 23% of the country's cattle and produces nearly one-fifth of its pork, is revamping plant operations to space workers farther apart while about 10% of its workforce has been sent home because of their higher risk from Covid-19, Chief Executive Andre Nogueira said.

          "We will not be able to go to full capacity anytime soon as we fight this virus because of all the changes we have implemented," Mr. Nogueira said in an interview.

          JBS, a unit of Brazilian meat conglomerate JBS SA, last month closed several of its beef and pork plants around the country after coronavirus infections spread among plant workers, prompting calls from union and local health officials to shut down facilities. Other meat companies, including Tyson Foods Inc., Smithfield Foods Inc. and Cargill Inc., also temporarily closed plants.

          President Trump in late April issued an executive order aimed at speeding meat plants' reopening, and easing the coronavirus's disruption to the U.S. food system. With meatpacking plants closed and slowed, U.S. supermarkets are dealing with shortages and surging meat costs. Hog farmers, unable to send livestock to processing plants, have turned to euthanizing them by the thousands. R-Calf USA, a cattle rancher group, this week estimated that around 500,000 cattle were backed up on feedlots and unable to be slaughtered.

          "Will we have all the items in the grocery store? Probably not for the next several weeks, but at this point I am not concerned about a shortage of protein," Mr. Nogueira said. He said JBS is selling more meat domestically rather than exporting it.

          JBS has reopened plants that it closed in Pennsylvania, Colorado, Minnesota and Wisconsin. So far, those are operating at 70% to 95% of their normal capacity, a company spokesman said.

          Hundreds of JBS plant employees have stayed home in recent weeks, either because they were sick or out of concern for their health, according to company and union officials. Mr. Nogueira said safety measures the company is putting into its plants, such as air-purification systems equipped with ultraviolet lights, are helping employees feel better about coming in to work as plants reopen.

          Around 6,000 JBS employees -- those over the age of 60 or who have health conditions that put them at greater risk from the coronavirus -- have been directed to stay home and are being paid, Mr. Nogueira said.

          JBS has hired 1,000 new workers in response to the coronavirus in recent weeks, he said. Roughly half of those are doing extra cleaning in break rooms, hallways, bathrooms and other high-traffic areas, while the other half are teaching workers how to use protective gear and are monitoring social distancing.

          In Greeley, Colo., JBS runs one of its biggest beef plants near the company's U.S. corporate headquarters. The company closed the plant for about two weeks as Covid-19 infections spread among employees, reopening April 24. Since then, infections among plant employees have climbed to 319 this week from 245, according to state health department data. JBS employs more than 3,000 people at the plant. A spokeswoman for the local United Food and Commercial Workers International Union representing JBS's Greeley plant employees said enforceable laws to protect workers are needed, along with federal work safety inspections.

          A JBS spokesman attributed most of the new cases to state-sponsored tests while the plant was closed. The company is offering free testing to Greeley plant employees and is screening them for symptoms before their shifts, he said.

          JBS's beef-processing plant in Souderton, Pa., was the first major U.S. meatpacking facility to close in early April following a Covid-19 outbreak among workers. After reopening the week of April 20, no new cases have been confirmed among JBS employees, according to county health and union officials.

          Wendell Young, president of the local UFCW chapter that represents JBS employees, said closing the facility stopped the virus's spread there and gave time to space out workers and put up barriers between their stations.

          JBS's Mr. Nogueira said it wasn't clear whether shutting down the company's plants helped slow the coronavirus's spread in communities like Souderton and Greeley, because cases continued to increase even when the plants were shut down. He said closing the plants nevertheless was the right decision and that the company could still close more facilities if needed.

          Write to Jacob Bunge at jacob.bunge@wsj.com

           

          Stocks mentioned in the article
          ChangeLast1st jan.
          AT HOME GROUP INC. 4.47% 8.64 Delayed Quote.57.09%
          FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.23% 142.35 End-of-day quote.-2.27%
          JBS SA -1.30% 22.07 End-of-day quote.-14.46%
          JUST GROUP PLC -4.88% 45.66 Delayed Quote.-42.20%
          LETS HOLDINGS GROUP CO., LTD. -10.04% 10.22 End-of-day quote.69.21%
          LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.69% 101.55 End-of-day quote.-19.13%
          LOOK HOLDINGS INCORPORATED -2.20% 712 End-of-day quote.-43.13%
          ONE STOP SYSTEMS, INC. -0.90% 2.2 Delayed Quote.8.91%
          SPACE CO.,LTD. -2.41% 933 End-of-day quote.-26.94%
          THE NEW HOME COMPANY INC. -2.52% 4.25 Delayed Quote.-8.80%
          TYSON FOODS, INC. -0.15% 60.82 Delayed Quote.-33.19%
          WILL GROUP, INC. -0.31% 644 End-of-day quote.-48.56%
          share with twitter share with LinkedIn share with facebook
          Latest news on JBS SA
          07/24'Spread out? Where?' Smithfield says not all plant workers can be socially di..
          RE
          07/22FROZEN U.S. PORK SUPPLIES FELL IN JU : data
          RE
          07/17RARE AIR : U.S. meatpackers try air cleaning tech after COVID-19 outbreaks
          RE
          07/17RARE AIR : U.S. meatpackers try air cleaning tech after COVID-19 outbreaks
          RE
          07/17Jbs installed ultraviolet air sanitation equipment to "neutralize" potential ..
          RE
          07/17Brazil judge orders all workers at JBS plant to stay home due to coronavirus
          RE
          07/17Brazil judge orders all workers at JBS plant to stay home due to coronavirus
          RE
          07/15Driven by China, Brazil's 2020 pork, chicken exports to grow despite pandemic
          RE
          07/13Brazil's offshore oil workers chilled by coronavirus outbreaks
          RE
          07/13Brazil's offshore oil workers chilled by coronavirus outbreaks
          RE
          More news
          Financials
          Sales 2020 263 B 50 196 M 50 196 M
          Net income 2020 2 152 M 411 M 411 M
          Net Debt 2020 49 364 M 9 433 M 9 433 M
          P/E ratio 2020 22,9x
          Yield 2020 3,17%
          Capitalization 58 839 M 11 327 M 11 244 M
          EV / Sales 2019
          EV / Sales 2020 0,41x
          Nbr of Employees 242 000
          Free-Float 34,9%
          Chart JBS SA
          Duration : Period :
          JBS SA Technical Analysis Chart | MarketScreener
          Full-screen chart
          Technical analysis trends JBS SA
          Short TermMid-TermLong Term
          TrendsNeutralNeutralBearish
          Income Statement Evolution
          Consensus
          Sell
          Buy
          Mean consensus BUY
          Number of Analysts 15
          Average target price 32,88 BRL
          Last Close Price 22,07 BRL
          Spread / Highest target 94,8%
          Spread / Average Target 49,0%
          Spread / Lowest Target -13,0%
          EPS Revisions
          Managers
          NameTitle
          Gilberto Tomazoni Chief Executive & Operating Officer
          Jeremiah Alphonsus O'Callaghan Chairman
          Guilherme Perboyre Cavalcanti Chief Financial Officer
          Jos?Batista Sobrinho Vice Chairman
          Cledorvino Belini Independent Director
          Sector and Competitors
          1st jan.Capitalization (M$)
          JBS SA-14.46%11 327
          HORMEL FOODS CORPORATION12.06%27 093
          HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.76.71%24 264
          TYSON FOODS, INC.-33.19%22 158
          WH GROUP LIMITED-15.65%12 894
          JUEWEI FOOD CO., LTD.72.59%6 953
          官方真人棋牌游戏平台