Top 100 USA Poultry Companies

Discover the top 100 USA poultry companies! Explore the leading players in the poultry industry and their contributions to America’s food supply.

Top 100 USA Poultry Companies

Tyson Foods, Inc.

Tyson Foods is one of the largest poultry companies in the USA and a global leader in the food industry. Headquartered in Springdale, Arkansas, Tyson Foods produces a wide range of chicken, beef, and pork products. They supply both retail and foodservice markets.

Pilgrim’s Pride Corporation

Based in Greeley, Colorado, Pilgrim’s Pride is a major player in the poultry industry, specializing in chicken production. They are known for providing high-quality poultry products to customers worldwide.

Sanderson Farms, Inc.

Sanderson Farms, headquartered in Laurel, Mississippi, is a leading producer of chicken products. They have a strong reputation for producing antibiotic-free and natural chicken products.

Perdue Farms, Inc.

Perdue Farms, headquartered in Salisbury, Maryland, is a well-known poultry company that offers a variety of poultry products, including chicken, turkey, and related products. They are also recognized for their commitment to animal welfare and sustainability.

Foster Farms

Foster Farms is a California-based poultry company known for its poultry products, including chicken, turkey, and other related items. They have a strong presence in the Western United States.

Wayne Farms LLC

Wayne Farms is a poultry company with multiple locations across the USA, focusing on chicken production. They supply chicken products to various markets, including foodservice and retail.

Mountaire Farms

Mountaire Farms, headquartered in Selbyville, Delaware, is a regional poultry company known for its chicken products. They operate primarily in the Eastern United States and have a strong commitment to community involvement.

Koch Foods

Koch Foods, headquartered in Park Ridge, Illinois, is a major poultry producer with operations across several states. They are known for supplying chicken products to both domestic and international markets.

Case Farms

Case Farms, based in Troutman, North Carolina, is a poultry company specializing in chicken production. They offer a range of chicken products and have a presence in the Eastern United States.

Keystone Foods

Keystone Foods, a subsidiary of Marfrig Global Foods, is a leading supplier of poultry, beef, and fish products to the foodservice industry. They have operations in several states and serve customers worldwide.

Simmons Foods, Inc.

Simmons Foods, headquartered in Siloam Springs, Arkansas, is a poultry company that produces chicken, pet food, and ingredient products. They have a strong focus on innovation and sustainability.

Amick Farms

Amick Farms, based in Hurlock, Maryland, is a poultry company specializing in chicken production. They supply various chicken products to both retail and foodservice customers.

O.K. Foods, Inc.

O.K. Foods, based in Fort Smith, Arkansas, is known for its chicken products, including fresh and frozen options. They have a history dating back to the 1930s and serve customers nationwide.

Simmons Prepared Foods, Inc.

Simmons Prepared Foods, a subsidiary of Simmons Foods, specializes in value-added poultry products. They offer a wide range of prepared chicken products for the foodservice and retail sectors.

House of Raeford Farms

House of Raeford Farms, headquartered in Rose Hill, North Carolina, is a vertically integrated poultry company that produces chicken and turkey products. They supply both retail and foodservice markets.

Gerber’s Poultry, Inc.

Gerber’s Poultry, based in Kidron, Ohio, is a family-owned poultry company known for its high-quality chicken products. They focus on providing natural and antibiotic-free poultry options.

Bell & Evans

Bell & Evans, headquartered in Fredericksburg, Pennsylvania, is a poultry company that specializes in producing premium chicken products. They are well-regarded for their humane animal raising practices and organic options.

George’s, Inc.

George’s, Inc., based in Springdale, Arkansas, is a poultry company with a long history of chicken production. They supply various chicken products to markets in the USA and internationally.

Gold’n Plump

Gold’n Plump, a brand under the Pilgrim’s Pride Corporation, is known for its chicken products, including fresh and frozen options. They are headquartered in St. Cloud, Minnesota.

Gold’n Plump

Townsends, Inc., with operations in Arkansas, Georgia, and North Carolina, is a poultry company that produces chicken products for various markets, including foodservice and retail.

Smart Chicken

Smart Chicken, a brand under the Tecumseh Poultry company, focuses on organic and free-range chicken products. They are based in Waverly, Nebraska, and emphasize sustainable farming practices.

Hain Pure Protein Corporation

Hain Pure Protein Corporation, part of the Hain Celestial Group, is a poultry company that produces organic and antibiotic-free chicken products under various brands, including FreeBird and Plainville Farms.

House of Webster

House of Webster, based in Rogers, Arkansas, is a poultry company that specializes in turkey production. They offer a variety of turkey products, including deli meats and smoked turkey.

Peco Foods, Inc.

Peco Foods, headquartered in Tuscaloosa, Alabama, is a poultry company known for its chicken products. They have multiple facilities across the southeastern United States.

Prestage Farms

Prestage Farms, based in Clinton, North Carolina, is a poultry company with a focus on turkey and pork production. They are one of the largest turkey producers in the United States.

Brakebush Brothers, Inc.

Brakebush Brothers, based in Westfield, Wisconsin, is a family-owned poultry company that specializes in chicken products for foodservice customers.

Morris Hatchery, Inc.

Morris Hatchery, located in Morris, Oklahoma, is a poultry company that specializes in the production of day-old chicks for broiler and layer operations.

Cooper Farms

Cooper Farms, headquartered in Van Wert, Ohio, is a diversified company with interests in poultry, turkey, pork, and egg production. They supply various poultry products to customers.

Moyer’s Chicks, Inc.

Moyer’s Chicks, based in Quakertown, Pennsylvania, is a poultry company known for its specialty poultry products, including quail, duck, and other game birds.

Michigan Turkey Producers

Michigan Turkey Producers, located in Grand Rapids, Michigan, is a cooperative of turkey farmers. They focus on turkey production and provide a range of turkey products to the market.

Willow Tree Poultry Farm

Willow Tree Poultry Farm, headquartered in Attleboro, Massachusetts, is known for its chicken and turkey salads, as well as poultry products. They have a strong presence in the New England region.

Coleman Natural Foods

Coleman Natural Foods, part of Perdue Farms, specializes in natural and organic poultry products. They are headquartered in Golden, Colorado, and emphasize sustainable and humane farming practices.

Sanderson Farms

Sanderson Farms, which was a major independent poultry company, was acquired by Cargill in 2021. Cargill is a global food and agricultural company, and this acquisition has had a significant impact on the poultry industry.

Lincoln Premium Poultry

Lincoln Premium Poultry, based in Fremont, Nebraska, is a supplier of chicken products, primarily to Costco Wholesale. They operate a state-of-the-art poultry processing facility.

Towns End Poultry

Towns End Poultry, based in Georgetown, Delaware, specializes in chicken products for both retail and foodservice customers. They are known for their chicken tenders and other value-added products.

Joyce Farms

Joyce Farms, headquartered in Winston-Salem, North Carolina, is a poultry company that focuses on premium and heritage poultry products, including pastured poultry and game birds.

Jones-Hamilton Co.

Jones-Hamilton Co., located in Walbridge, Ohio, is a chemical company that specializes in poultry industry solutions, including products for litter management and water treatment.

Mar-Jac Poultry, Inc.

Mar-Jac Poultry, based in Gainesville, Georgia, is a poultry company that produces chicken products for various markets, including retail, foodservice, and export.

Wampler’s Farm Sausage Co.

Wampler’s Farm Sausage Co., based in Lenoir City, Tennessee, is known for its sausage products, including chicken and turkey sausages. They focus on high-quality, flavorful options.

Tecumseh Poultry (Organic Prairie)

Tecumseh Poultry, based in Waverly, Nebraska, is known for its organic and free-range chicken products. They also operate under the Organic Prairie brand and emphasize sustainability and animal welfare.

Perdue AgriBusiness, LLC

Perdue AgriBusiness, a subsidiary of Perdue Farms, is involved in various aspects of agriculture, including poultry, grain, and animal nutrition. They have operations across the United States.

Gerber Amish Farms

Gerber Amish Farms, located in Kidron, Ohio, is known for its Amish-raised chicken products. They offer a range of poultry products, including whole chickens and parts.

Joyce Farms

Joyce Farms, which specialized in premium poultry products, was acquired by Chaudhry Halal Meats in 2021. Chaudhry Halal Meats is known for its halal meat products.

Wayco Farms

Wayco Farms, based in Danville, Georgia, is a poultry company that produces broiler chickens. They supply chicken products to various markets.

Red Bird Farms

Red Bird Farms, headquartered in Englewood, Colorado, is known for its antibiotic-free and all-natural chicken products. They have a focus on high-quality poultry.

Oakdell Egg Farms

Oakdell Egg Farms, based in Lewiston, Utah, is primarily an egg producer but also has some poultry operations. They supply eggs and chicken products to the market.

Mary’s Free Range Chicken

Mary’s Free Range Chicken, headquartered in Sanger, California, is known for its free-range and organic chicken products. They focus on humane and sustainable farming practices.

SunFed Ranch

SunFed Ranch, based in Woodland, California, specializes in grass-fed beef and organic poultry products. They offer a range of chicken and turkey options.

Carolina Broiler

Carolina Broiler, based in Statesville, North Carolina, is a poultry company that produces broiler chickens for various markets, including foodservice and retail.

Harvest Moon Poultry

Harvest Moon Poultry, located in Winters, California, is a poultry company that focuses on organic and free-range chicken products. They prioritize sustainable and ethical farming practices.

The Poultry Federation

The Poultry Federation is an industry organization that represents poultry companies in Arkansas, Missouri, and Oklahoma. They serve as a collective voice for the poultry industry in the region.

Star Chicken Farms

Star Chicken Farms, based in La Mirada, California, is known for its chicken products, including fresh and frozen options. They supply products to retail and foodservice customers.

Plainville Farms

Plainville Farms, part of Hain Pure Protein Corporation, specializes in antibiotic-free and organic turkey products. They are headquartered in New Oxford, Pennsylvania.

Peterson Farms

Peterson Farms, located in Decatur, Michigan, is a poultry company that produces chicken products for various markets, including retail and foodservice.

Springer Mountain Farms

Springer Mountain Farms, headquartered in Baldwin, Georgia, is known for its antibiotic-free and all-natural chicken products. They have a strong commitment to quality and sustainability.

Strom’s Custom Processing

Strom’s Custom Processing, based in Hackensack, Minnesota, is a family-owned poultry company specializing in custom poultry processing services, including chicken and turkey.

Gerber’s Amish Farm Chicken

Gerber’s Amish Farm Chicken, located in Kidron, Ohio, is known for its Amish-raised, non-GMO chicken products. They focus on providing high-quality, wholesome poultry.

Foothills Pilot Plant

Foothills Pilot Plant, based in Marion, North Carolina, offers poultry processing services, including custom processing and value-added products for local poultry producers.

American Halal Company (Saffron Road)

American Halal Company, known for its Saffron Road brand, specializes in halal-certified chicken and other food products. They are headquartered in Stamford, Connecticut.

Perdue Premium Meat Co., Inc.

Perdue Premium Meat Co., a subsidiary of Perdue Farms, offers premium pork, lamb, and beef products in addition to chicken. They are based in Salisbury, Maryland.

Perdue Premium Meat Co., Inc.

Flanders Provision Co., located in Portland, Oregon, specializes in poultry processing and the production of value-added poultry products for foodservice customers.

Grimaud Farms

Grimaud Farms, headquartered in Stockton, California, is known for its specialty poultry products, including duck and guinea fowl. They cater to the gourmet food market.

American Humane Certified

American Humane Certified is not a poultry company but a certification program that ensures humane treatment and welfare standards for farm animals, including poultry. Many poultry producers and brands seek this certification to demonstrate their commitment to animal welfare.

Green Valley Poultry Farms

Green Valley Poultry Farms, located in Shiloh, New Jersey, specializes in poultry processing and offers a range of chicken products, including fresh and frozen options.

Oink & Gobble

Oink & Gobble, based in Elmira, New York, is known for its unique turkey bacon and sausage products. They offer poultry-based breakfast and deli items.

Mary’s Gone Crackers

Mary’s Gone Crackers, headquartered in Gridley, California, is primarily known for its gluten-free crackers. However, they also offer organic and free-range chicken products.

FreeBird Chicken

FreeBird Chicken, part of the Perdue Farms family, focuses on antibiotic-free and organic chicken products. They are headquartered in Salisbury, Maryland.

Humboldt Poultry

Humboldt Poultry, based in Fortuna, California, is a poultry company that produces chicken products for retail and foodservice customers.

Gerber’s Fresh Amish Chicken

Gerber’s Fresh Amish Chicken, located in Kidron, Ohio, is another brand under Gerber’s Poultry known for its Amish-raised chicken products.

Halal Pastures

Halal Pastures, based in Dayton, New Jersey, specializes in halal-certified meat products, including poultry. They emphasize ethical and humane farming practices.

National Chicken Council (NCC)

The National Chicken Council is a trade association that represents the U.S. broiler chicken industry. While not a poultry producer itself, it plays a significant role in advocating for the industry’s interests and providing industry-related information.

National Turkey Federation (NTF)

Similar to the NCC, the National Turkey Federation is a trade association representing the U.S. turkey industry. It works to promote the consumption of turkey and represents the interests of turkey producers.

United Egg Producers (UEP)

United Egg Producers is an organization that represents the U.S. egg industry, including egg producers and processors. They focus on promoting the welfare of egg-laying hens and ensuring egg safety.

American Veterinary Medical Association (AVMA)

The AVMA is not a poultry company, but it plays a vital role in the poultry industry by providing guidance on animal health and welfare practices for veterinarians working with poultry producers.

National Institute of Food and Agriculture (NIFA)

NIFA is a federal agency that supports agricultural research and extension activities, including research related to poultry production, animal health, and food safety.

American Poultry Association (APA)

The American Poultry Association is a nonprofit organization that promotes the breeding and exhibition of poultry and provides resources and standards for poultry breeders and enthusiasts.

National Chicken Cooking Contest

While not a company or producer, this contest is a long-standing event that encourages culinary creativity using chicken as the primary ingredient. It showcases various chicken recipes and cooking techniques.

The National Turkey Federation (NTF)

The National Turkey Federation represents the U.S. turkey industry and works to advocate for turkey producers’ interests, promote turkey consumption, and ensure the sustainability of the turkey industry.

National Chicken Cooking Contest

The National Chicken Cooking Contest is an event that encourages culinary creativity using chicken as the primary ingredient. It showcases various chicken recipes and cooking techniques.

Northwest Poultry Council

The Northwest Poultry Council is an organization that supports the poultry industry in the Pacific Northwest, providing resources and information to poultry producers and businesses in the region.

American Poultry Historical Society

The American Poultry Historical Society is dedicated to preserving the history of the American poultry industry. They collect and archive historical materials related to poultry farming.

American Pastured Poultry Producers Association (APPPA)

APPPA is an organization that promotes the production and marketing of pastured poultry, emphasizing sustainable and humane farming practices.

The Livestock Conservancy

The Livestock Conservancy is not specific to poultry but works to conserve and promote heritage livestock breeds, including heritage poultry breeds, to preserve genetic diversity.

American Association of Avian Pathologists (AAAP)

AAAP is an organization of veterinarians and scientists specializing in avian health and diseases. They play a critical role in poultry health and biosecurity.

United States Poultry and Egg Export Council (USAPEEC)

USAPEEC is a nonprofit trade association that promotes the export of U.S. poultry and egg products to international markets.

These organizations and events are not poultry producers themselves but play important roles in supporting, regulating, and promoting various aspects of the poultry industry, from production to consumption and beyond.

National Chicken Month

National Chicken Month is an annual celebration that promotes chicken consumption and highlights the versatility of chicken in cooking. While not an organization, it’s a noteworthy event in the poultry industry.

American Farm Bureau Federation

The American Farm Bureau Federation represents farmers and ranchers across the United States, including poultry producers. They advocate for policies that support agricultural interests.

American Association of Meat Processors (AAMP)

AAMP is an organization that represents meat processors, including those who process poultry products. They provide resources and support for small and medium-sized meat and poultry processors.

American Association of Meat Scientists (AAMS)

AAMS is a professional organization that includes members involved in meat and poultry science, research, and education. They play a role in advancing the knowledge and quality standards in the industry.

National Chicken Wing Day

National Chicken Wing Day, celebrated on July 29th each year, is an event that recognizes the popularity of chicken wings and often involves promotions and special deals at restaurants.

National Egg Regulatory Officials (NERO)

NERO is an organization of state officials responsible for the regulation of shell eggs and egg products, ensuring their safety and quality.

National Turkey Federation Foundation

The National Turkey Federation Foundation is the charitable arm of the National Turkey Federation, supporting educational and research efforts related to the turkey industry.

National Poultry Improvement Plan (NPIP)

NPIP is a cooperative federal-state-industry program aimed at controlling certain poultry diseases. It establishes standards for disease testing and monitoring in poultry flocks.

American Culinary Federation (ACF)

The American Culinary Federation represents culinary professionals, including chefs who work with poultry as a key ingredient in their culinary creations.

These organizations and events contribute to various aspects of the poultry industry, from advocacy and regulation to culinary education and celebration.

National Institute for Animal Agriculture (NIAA)

NIAA is an organization that brings together various stakeholders in the animal agriculture industry, including poultry, to address issues related to animal health, welfare, and sustainability.

American Veterinary Medical Association (AVMA)

The AVMA, comprised of veterinarians, plays a significant role in promoting poultry health, ensuring the welfare of poultry, and providing guidance on veterinary practices in the poultry industry.

National Poultry & Food Distributors Association (NPFDA)

NPFDA is an association representing companies involved in the distribution of poultry and food products, including wholesalers and distributors.

Sustainable Poultry Network (SPN)

SPN is an organization that promotes sustainable and heritage poultry breeds, emphasizing conservation and ethical breeding practices.

American Pastured Poultry Producers Association (APPPA)

APPPA focuses on promoting pastured poultry production, sustainable farming practices, and consumer education about pastured poultry.

American Poultry History Society

The American Poultry History Society is dedicated to preserving the history of the American poultry industry and raising awareness about its historical significance

These organizations and events contribute to various aspects of the poultry industry, from promoting sustainability and animal welfare to advancing research and education in poultry-related fields.

For more: The top 100 food and beverages companies in the world

Sources: Wattagnet; National Provisioner; Statista, Yahoo Finance.

JBS NY Listing Struggle

JBS, the Brazilian meat giant, faces challenges in the US, affecting profits and delaying its NY listing plans.

JBS Struggles with U.S. Market Challenges and Delays NY Listing Plans

JBS SA, the Brazilian meat giant, which is facing some challenges both in its home market and across the United States. According to the company’s management, these headwinds are due to the pressure on beef margins in the U.S. and the slow normalization of pork margins.

Just recently, JBS reported a decrease in profit and EBITDA, a key measure of operating income, at 5.40 billion reais, causing shares to dip by as much as 3.7% during early trading in Sao Paulo.

The company attributes these financial setbacks to struggling beef margins in the U.S., a recovering U.S. pork division, and an oversupply of chicken globally. JP Morgan noted that JBS’ EBITDA fell 11% below their estimate and 2% below consensus, though it also highlighted better-than-expected free cash flow generation.

JBS Bolsters Seara Division Amid Global Chicken Surplus, Maintains Growth Plans Despite U.S. Beef Challenges

Despite these challenges, JBS is taking steps to enhance the performance of its processed foods division, Seara, in Brazil. They’ve made significant investments to expand its capacity, aiming to combat a global surplus of chicken and increased competition in certain product categories. While the recovery of Seara is slower than anticipated, the recent expansion is expected to lead to stronger margins in the future.

JBS remains committed to its plans to increase Seara’s pork and chicken production by 10% this year and another 10% in the next. However, the U.S. beef division faces challenges with a shortage of cattle for slaughtering in the fourth quarter of this year and into 2024.

JBS Expects Strong Q4 Cash Generation Amid Favorable Market Factors, Faces Delay in NY Listing Plans

On a more positive note, the company anticipates robust cash generation in the fourth quarter, thanks to lower grain prices and deferred livestock payments, as stated by CFO Guilherme Cavalcanti.

Meanwhile, JBS’ plans to list its shares in New York have hit a snag due to a request from American Depositary Receipt holders to vote on the proposal, as CEO Gilberto Tomazoni revealed. This dual listing in New York and São Paulo presents some obstacles to tapping into capital markets for short-term business expansion, although Tomazoni did not provide a timeline for the deal’s conclusion, as it is still under scrutiny by the Securities and Exchange Commission (SEC).

Tyson Foods Layoffs

Tyson Foods lays off workers in Wilkesboro due to lower demand. Learn about the impact and responses.

Tyson Foods’ Wilkesboro Layoffs: Economic Struggles Amidst Declining Demand and Financial Woes

Tyson Foods, the largest employer in Wilkes County, has made a tough decision to lay off over a hundred employees at its processing plant in the area. The company cites dwindling customer demand as the reason behind this move.

In a prepared statement, Tyson acknowledged the reduction in second-shift employees and expressed their commitment to offering affected team members alternative positions within the Wilkesboro plant and other facilities. However, this comes as the company reported a significant financial setback, with a loss of $450 million in its fiscal-year fourth quarter and a staggering $648 million for the entire year.

Read: Tyson Foods: US Reduces Beef Exports Due To Shrinking Heard

Tyson Foods Layoffs in Wilkesboro Raise Concerns as Company Skips WARN Act Notification

Wilkesboro town officials, who were informed of these layoffs over a month ago, have been monitoring the situation closely. Notably, the company did not file a WARN Act notice, but state Commerce Department officials are aware of the matter. To assist the affected workers, NCWorks, the state’s employment agency, has deployed staff members to provide support during these challenging times.

These developments underscore the ongoing economic challenges faced by communities across the nation and highlight the importance of vigilance in monitoring the well-being of our workforce. We will continue to follow this story closely and provide updates as they become available.

Read: Tyson Foods hacked by cybercriminals

USA Top 10 Egg Producers

Discover leading global egg producers and their contributions to the growing demand for eggs and egg-based products in the industry.

Largest Egg-Producing Companies Worldwide

Egg production is vital in the global food industry, driven by increasing worldwide demand for eggs and egg-based products. This report outlines top egg producers, showcasing their industry roles.

1. Cal-Maine Foods, Inc. (USA)

Cal-Maine Foods, headquartered in the United States, is a prominent player in the egg industry. The company specializes in producing shell eggs, including conventional and specialty varieties. While specific production volumes may vary from year to year. Cal-Maine Foods consistently ranks among the top egg producers in the country.

2. Rose Acre Farms (USA)

Rose Acre Farms is recognized as one of the leading egg producers in the United States. They operate numerous farms across the country. Supplying a diverse range of egg products, including shell eggs, liquid eggs, and specialty eggs.

3. Cargill (USA)

Cargill, a global agribusiness company, plays a multifaceted role in the egg production sector. Although they are involved in various aspects of agriculture, they also produce a range of egg products too.

4. Iowa Select Farms (USA)

Iowa Select Farms, primarily known for its pork production, also has a notable presence in the egg industry. They produce eggs for different markets, contributing to the overall supply of eggs in the United States.

5. Hy-Line International (USA)

Hy-Line International is renowned for its genetics expertise in poultry breeding. They provide high-quality layer breeds optimized for egg production, supporting the global egg industry.

6. Hillandale Farms (USA)

Hillandale Farms is a major egg producer in the United States, serving retailers and foodservice companies with various egg products. The company’s production volumes are significant in meeting consumer demand.

7. Rembrandt Foods (USA)

Rembrandt Foods is dedicated to egg production and processing in the United States. With operations in several states, they contribute substantially to the nation’s egg supply.

8. Michael Foods (USA)

As a subsidiary of Post Holdings, Michael Foods specializes in value-added egg products, such as liquid eggs and egg-based food items. They are known for their role in supplying processed egg products to the food industry.

9. Trillium Farms (USA)

Trillium Farms, one of Ohio’s largest egg producers, is committed to animal welfare and sustainable practices in egg production. Their activities contribute to the state’s and the nation’s egg supply.

10. Sparboe Farms (USA)

Sparboe Farms, a family-owned business, is a significant player in the U.S. egg industry. They offer a wide range of egg products and supply customers across the country.

Conclusion

Top egg producers play vital roles in meeting global egg demand. Production volumes may fluctuate due to market dynamics and regulations.

Check out Top 40 Egg Producers in the World

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Concerns over JBS Seara’s 86% income plunge

In the face of declining U.S. pork prices, beef margins, and a global chicken glut, JBS SA, the world’s leading meatpacker, announces an 86% drop in Q3 net income compared to the previous year. Get the details on the financial challenges impacting the industry giant.

JBS SA Reports Sharp Q3 Profit Drop Amidst Challenging Meat Market Conditions

In the latest financial report from JBS SA, the world’s largest meatpacker. Their third-quarter net income took a staggering 86% plunge compared to the previous year, landing at approximately 573 million reais, or $116.63 million in U.S. dollars.

This disappointing performance fell short of the LSEG consensus forecast, which had predicted 724 million reais. To put things into perspective, it’s a far cry from the whopping 4 billion reais they raked in during the third quarter of 2022.

In their financial statement, JBS pointed out that their adjusted earnings before interest, tax, depreciation, and amortization, often referred to as EBITDA, stood at 5.40 billion reais. This figure managed to surpass consensus estimates, which were pegged at 5.15 billion reais.

JBS felt the pinch across its major business divisions, with net revenues plummeting to 91.4 billion reais, marking a 7.6% drop compared to the previous year.

JBS Grapples with U.S. Market Challenges: Beef Margins Plunge, Beef Exports Drop 19%, and Pork Faces Price Pressures

In the United States, their largest market in terms of sales revenue, JBS faced significant challenges. Beef margins took a sharp hit due to reduced cattle herds, which limited the availability of animals for slaughter and drove up costs. This predicament mirrored the situation faced by rival Tyson Foods.

According to JBS, U.S. beef exports experienced a 19% year-on-year decline through the end of September. This decline can be attributed to supply constraints combined with decreased Asian demand. The three primary destinations for U.S. beef exports remained South Korea, Japan, and China, as per the USDA.

On the pork front in the U.S., wholesale prices dropped by approximately 7% during the quarter compared to the previous year. Companies in the industry made efforts to reduce stock levels, according to JBS. However, there was a silver lining in the international market, as the company reported a 12% increase in pork exports, particularly to Mexico and Canada, from January to September.

Read: BRF SA’s Deepening Financial Troubles

Seara Processed Foods Division Faces Tough Times: Revenues Plummet by 13.3% Due to Global Chicken Oversupply, Despite Increased Sales Volumes

Turning our attention to their local division, Seara processed foods, revenues took a significant hit, declining by 13.3% year-on-year to 10.2 billion reais. This drop was largely attributed to a persistent global oversupply of chicken, which adversely affected export sales.

Seara’s exports in dollars dipped by 14% compared to the same quarter in the previous year, primarily due to lower export prices in the currency. However, this setback was partially mitigated by an increase in the volumes sold by the division, as noted by JBS.

In conclusion, JBS SA faced a challenging quarter, with declining profits across key sectors and market pressures impacting their bottom line. We will continue to monitor the situation as the world’s largest meatpacker navigates these turbulent waters.

Report: Largest Poultry Producers in Brazil

Source: Reuters

The World’s Top 5 Meat Brands

Explore the world’s top meat brands in our comprehensive report. Discover industry leaders, product diversity, and sustainability efforts.

Report on the World’s Top Meat Brands

Executive Summary:

This report provides an overview of the world’s top meat brands, highlighting key players in the global meat industry as of January 2022. The meat industry is a vital sector in the food and agriculture industry, with several prominent brands dominating the market. This report aims to identify and profile some of the leading meat brands based on factors such as revenue, market presence, product diversity, and sustainability initiatives.

Introduction:

The global meat industry plays a significant role in supplying protein-rich food products to consumers worldwide. Meat consumption is diverse, with various types of meat, including beef, chicken, pork, and others, catering to different tastes and preferences. The following are some of the top meat brands that have made a substantial impact on the industry:

1. Tyson Foods, Inc.

Overview: Tyson Foods is one of the largest and most recognized meat processing companies globally, with a focus on chicken, beef, and pork products. Headquartered in the United States, Tyson Foods has a substantial market presence both domestically and internationally.

Key Highlights:

Diverse product portfolio, including branded and non-branded meat products.
Strong emphasis on food safety and quality.
Investments in sustainability and animal welfare initiatives.

2. JBS S.A.

Overview: JBS S.A. is a Brazilian multinational company and one of the world’s largest meat processing companies. It is a major player in beef, poultry, and pork production and processing.

Key Highlights:

Extensive global presence with operations in numerous countries.
Diverse product range, including fresh and processed meat products.
Commitment to sustainability and responsible sourcing.

3. Cargill Meat Solutions

Overview: Cargill Meat Solutions is a subsidiary of Cargill, Inc., a global agribusiness conglomerate. It is involved in beef, poultry, and pork processing and distribution.

Key Highlights:

Global reach with a focus on sustainable sourcing and supply chain transparency.
Investment in innovative meat products and technologies.
Strong commitment to corporate responsibility and animal welfare.

4. Hormel Foods Corporation

Overview: Hormel Foods Corporation is a well-established American food company known for its diverse product offerings, including a wide range of meat products such as Spam, bacon, and deli meats.

Key Highlights:

Iconic brands and a history of innovation in meat processing.
Emphasis on consumer convenience and product quality.
Efforts toward sustainability and reducing environmental impact.

5. Smithfield Foods, Inc.

Overview: Smithfield Foods, a subsidiary of WH Group Limited, is a leading producer and processor of pork products globally. It has a strong presence in the United States and various international markets.

Key Highlights:

Specialization in pork processing and distribution.
Commitment to animal welfare and sustainable practices.
Investment in new product development and market expansion.

Conclusion:

The global meat industry is highly competitive and dynamic, with these top meat brands contributing significantly to its growth and development. While these brands have made substantial strides in product innovation, quality assurance, and sustainability efforts, it’s essential to note that the industry continues to evolve to meet changing consumer preferences and sustainability expectations.

Read: World’s Largest Food Companies

Sources

Tyson Foods hacked by cybercriminals

The Tyson Foods ransomware attack, by the Snatch cartel, rattled the meat industry, spotlighting its vulnerability to cyber threats. What did they manage to extract?

Tyson Foods Hit by Ransomware: Cybercriminals Demand Millions – Will They Pay Up?

In the realm of high-stakes SEO, it appears that Tyson Foods, a global heavyweight in the poultry, beef, and pork processing industry, has fallen prey to a ransomware assault. The digital siege is orchestrated by the Snatch ransomware cartel, infamous for showcasing exploits on a dedicated blog and Telegram channel.

Read: Tyson Foods: US Reduces Beef Exports Due To Shrinking Heard

Ransomware Enigma: What Do Cyber Attackers Know About Tyson Foods’ Future Plans?

The malefactors orchestrating this cyberattack have thus far kept their cards close to their chest, refraining from disclosing the nature of the data they may have infiltrated. However, a tantalizing breadcrumb on Snatch’s Telegram channel hints at the possibility of them having acquired insight into the company’s future strategies.

Security Concerns Loom as Tyson Foods, a $53 Billion Giant, Faces Possible Breach in Peripheral Systems

The absence of concrete data samples raises the specter of a potential breach in a peripheral system or branch of Tyson Foods. It’s important to note that Tyson Foods is a colossal player in the global food industry, boasting revenues exceeding $53 billion last year, and employing a workforce exceeding 142,000 individuals. The company is the bedrock supplier for renowned chains such as KFC, Taco Bell, McDonald’s, Burger King, Wendy’s, and others, responsible for providing them with a variety of meat-based offerings.

Meat Producers in the Crosshairs: JBS’ $11 Million Ransom – A Glimpse into the High-Stakes World of Cyberattacks on the Food Industry

The cyber landscape has identified meat producers as attractive targets for digital marauders.After a REvil attack, JBS, the world’s largest meat processor, temporarily halted U.S. slaughterhouse operations.In a desperate bid to avert costly downtime, JBS ultimately capitulated to the attackers’ demands and reportedly disbursed an $11 million ransom.

Snatch Ransomware: The Silent Threat Emerging Since 2018, Unveiling a Unique Ransomware-as-a-Service Approach and a Staggering 95 Victims in the Last Year

Snatch may not be a household name in the realm of ransomware, but it has been lurking in the shadows since 2018. The group adopts a Ransomware-as-a-Service (RaaS) distribution model, leveraging Remote Desktop Protocol (RDP) vulnerabilities to exploit its victims. Notably, they appear to abstain from recruiting English-speaking affiliates, as per revelations from the software security firm Grindinsoft.

According to Ransomlooker, a ransomware monitoring tool by Cybernews, Snatch has victimized no fewer than 95 organizations in the past year alone. Their manifesto emphasizes victim notification, negotiation priority, and vulnerability details confidentiality—unique in the ransomware landscape.

Source: Cybernews

BRF SA’s Deepening Financial Troubles

BRF SA’s Q3 challenges: chicken glut, rising grain prices, and a widened loss. CEO’s strategies and sector impact.

BRF SA Q3 Loss

BRF SA, the renowned Brazilian pork and poultry processor, has reported a widening net loss in the third quarter of this year. The company finds itself grappling with both an oversupply of chicken and the relentless surge in grain prices.

In a statement released on Monday, BRF disclosed a net loss of 262 million Brazilian reais, equivalent to approximately $53.37 million USD. This figure marks a substantial increase from the 136.7 million reais loss incurred during the same period last year. Nevertheless, it does manage to narrowly surpass market expectations, which had projected a loss of 279 million reais, according to the LSEG consensus forecast.

Read: BRF’s Ambitious Stock Offering Plan

Cargill & Koch secure US largest private companies

Discover Forbes’ latest private company rankings with Cargill at the top, followed by Koch Industries, Publix, H-E-B, and Mars. Explore their success stories!

Cargill Secures Forbes’ Top Spot for Third Consecutive Year, Setting New Revenue Records

Cargill has secured the coveted first position on Forbes’ list of private companies for the third year in a row, showcasing its enduring dominance in the agribusiness sector. In fact, Cargill has maintained this top rank for an impressive 36 out of the 39 years that Forbes has been keeping tabs on private enterprises. As they wrapped up their most recent fiscal year ending in May 2023, Cargill achieved a remarkable milestone by reporting record-breaking revenues of $177 billion. This marked a notable 7% increase compared to the previous year. The company’s growth trajectory was significantly bolstered by two major acquisitions it executed in the year 2023.

One of these acquisitions involved the purchase of Owensboro Grain Company, a soybean refinery and processing facility hailing from Kentucky. In a transaction shrouded in secrecy regarding the financial details, Cargill took over this family-owned business in January. Subsequently, in July, Cargill made another strategic move by acquiring the bio-based industrial segment of Croda, a prominent British chemical manufacturer. This acquisition came with a hefty price tag, reportedly costing Cargill around $1 billion. These bold strategic moves contributed to Cargill’s soaring success and reinforced its status as a top industry player.

Read: Cargill’s Corporate Responsibility: Sustainability, Food, Health, Inclusion

Koch Industries Holds Strong at Second Place Despite Flat Revenues

In the second spot on the list, we find Koch Industries, boasting revenues of $125 billion. Although this family-owned enterprise maintained its second-place ranking, it experienced a period of revenue stagnation, with sales remaining relatively flat year-over-year. Grocery store giants Publix Supermarkets and H-E-B secured the third and fifth positions, respectively, on Forbes’ list. Notably, H-E-B managed to bounce back into the top five after slipping to the sixth spot in 2022.

Read: Koch Foods $100m plan to create 100 new jobs

Publix Supermarkets Surges to Third Place with 13.6% Revenue Growth

Publix, on the other hand, exhibited substantial growth, with revenues surging by an impressive 13.6% to reach $54.5 billion. This remarkable expansion can be primarily attributed to the successful establishment of new retail locations. In 2022, Publix made a significant move by opening 40 stores across seven states, propelling its financial performance to new heights.

Mars Holds Steady at Fourth Place in Forbes’ Private Company Rankings

Finally, Mars, the renowned conglomerate encompassing candy, food, and petcare ventures, maintained its fourth-place position, consistent with the prior year’s ranking. These developments collectively shed light on the dynamic landscape of private companies, where established players like Cargill and Koch Industries continue to demonstrate resilience and leadership, while others like Publix and H-E-B seize opportunities for growth and resurgence.

Container shipping profits plunge & job cuts

The container shipping industry is grappling with a sharp decline in profits, triggering job cuts and financial uncertainty. Explore the challenges and shifts in this critical sector as it navigates turbulent waters.

Container Shipping Industry Faces Turbulence as Profits Plunge and Job Cuts Loom

In the world of container shipping, where just a short while ago profits were soaring to unprecedented heights, a stark reversal of fortune is now underway. The industry that once commanded record-high freight rates and efficient deliveries during the past two years has transformed from a jackpot to a realm of job cuts and financial struggle, akin to a modern-day corporate tragedy starring perennial underachiever, Charlie Brown.

This transformation is evident in the staggering net income of US$364 billion (S$495 billion) reported by the largest carriers in 2021 and 2022, as compiled by industry expert John McCown. After a decade of modest profits, these giants are poised to plunge back into the red this quarter. Their freight rates have fallen below operational costs, and prospects for a swift recovery appear bleak.

While the business world has witnessed abrupt and sensational booms-turned-busts, few have seen an established industry so deeply connected to the global economy nosedive from historic profits to below break-even levels as dramatically as the container shipping sector has this year. The pandemic’s colossal demand shock has given way to an overabundance of supply, setting the stage for what some fear will be a protracted downturn.

“I’m certainly concerned about the next 24 to 36 months,” admits Rolf Habben Jansen, CEO of Hapag-Lloyd, based in Hamburg. The outlook is indeed daunting. Even A.P. Moller-Maersk, the largest publicly traded container line, is grappling with the prospect of an 80% drop in free cash flow this year, as projected by Bloomberg Intelligence credit analyst Stephane Kovatchev, potentially turning negative by 2024. This financial strain may also exert pressure on the company’s bonds.

Visit: ANIMAL PROTEIN SHIPPING & LOGISTICS NEWS

Read: Container shipping rates crash 90%!

Container shipping industry cost cuts

In recent days, industry leaders like Maersk, Hapag-Lloyd, and France’s CMA CGM have all announced cost-cutting measures, signaling their anticipation of a prolonged downturn extending at least through 2024. The cautionary tale of the past involves price wars that led to consolidation and even bankruptcy in the years preceding the pandemic. Hence, some executives are advocating for responsible market behavior to avoid repeating those mistakes.

The current predicament is a result of converging economic forces, where demand for goods has returned to pre-pandemic levels while the supply, in the form of larger and newer ships, continues to surge. The complex task of aligning the launch and retirement of container ships with the cyclical ebbs and flows of the industry further complicates the situation.

In the short term, carriers have limited options to manage capacity, including canceling voyages, suspending services on underperforming trade lanes, allowing charter contracts to expire, idling ships, or selling older vessels in the scrap steel market. The situation has led to a standoff between the financially robust and the vulnerable, with the bigger players focusing on cost-cutting and waiting out the storm, while the outcome hinges on supply, demand, and which party blinks first.

Container shipping costs continue to fall

Ironically, as the shipping industry grapples with challenges, manufacturers and retailers are enjoying lower transportation costs. This phenomenon is contributing to the efforts of central banks worldwide to mitigate inflation in many developed economies.

For consumers feeling the pinch of inflation, the search for cost-effective shipping options is on the rise. Companies like FedEx Express Europe have noticed shifting preferences among customers, as they opt for more budget-friendly shipping solutions in response to challenging economic conditions and uncertainty regarding demand recovery.

While the current cost of moving merchandise remains relatively low, the industry’s expenses are heading in the opposite direction. New challenges, such as increased transit costs through key routes like the Suez Canal and disruptions caused by factors like drought-stricken Panama Canal, are adding to the financial burden. Additionally, the industry faces a daunting transition to cleaner-burning fuels and the development of infrastructure to support the decarbonization effort, requiring a staggering investment of US$1 trillion in the coming decades.

In adapting to these turbulent times, some companies are diversifying their portfolios. For instance, CMA CGM, led by second-generation scion Rodolphe Saade, has invested in airlines, ports, logistics operations, and media during the pandemic. While these maneuvers may help cushion the industry’s peaks and valleys, the challenges ahead remain substantial.

Conclusion

In conclusion, the container shipping industry finds itself in the midst of a profound transformation, transitioning from a period of historic profits to a landscape fraught with challenges and uncertainties. As the global economy navigates these turbulent waters, the future of this vital industry hangs in the balance.

Source: Straight Times