Brazil Daily

More legal beef for Brazilian meat producer

We’re covering the latest scandal involving meat giants JBS. Brazil’s industrial woes. And the new Covid-19 death record — as well as promising research on the pandemic.

Meat giants JBS face governance issues. Again.

Top executives at Pilgrim’s Pride were charged by a Colorado grand jury for allegedly taking part in a price-fixing scheme between 2012 and 2017. The U.S.’ second-largest poultry producer is owned by Brazilian meat processing giant JBS, and accounted for 24 percent of the parent company’s BRL 56 million Q1 2020 revenue. The scandal forced Pilgrim’s stock to crash 12 percent on Wednesday.

  • CEO Jayson Penn and...
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