JBS Australia will launch a new Hereford breed-specific beef brand in January, under the company’s Great Southern Farm-Assured program.
Australia was the first port of call for JBS’s new global head of food safety, Al Almanza, after he joined the world’s largest meat processor last month. Why was that?
JBS’s global operations appear to have been little affected by the dramatic events in Brazil surrounding major shareholders, the Batista family, and broader industry corruption allegations, with solid overall financial performance reported for the company’s second quarter this morning.
In the latest development in the series of dramatic events surrounding crisis-riddled global processor JBS, the Brazilian parent company has announced plans to sell its Five Rivers feedlot business in the US – the largest lotfeeding operation in the world.
JBS has cut meat processing capacity in its Brazilian operations by up to 35pc, in the latest washout from the country’s rapidly escalating meat inspection crisis.
The diversified global nature of JBS’s operations paid dividends with a set of solid results reported for the company’s full financial year. Whereas a year earlier, JBS’s Australian business was one of the star performers, the company’s US beef operations are now benefiting from greater access to slaughter cattle and lower US cattle prices.
JBS Australia will shut lamb production at its Longford, TAS plant for at least four weeks from next week as tight supplies and high prices cut red meat processor margins across Australia. It’s been a recurring theme in both beef and lamb processing operations in the recent past.
JBS Australia will begin processing its first Certified Organic cattle next month, in a move which will inevitably add competitive tension for eligible stock in the marketplace.
Sydney-based specialist portioning and value-adding business Andrews Meat Industries has unveiled a new $20 million commercial kitchen specialising in sous-vide at its facility at Lidcombe, producing up to 600,000 ready-made meals weekly.
The world’s biggest meat processor, JBS, has reported mixed trading results for the third quarter ended Sept 30, with pre-tax earnings across the company down 18pc and net income down 74pc year-on-year.