Today: 30 June 2026
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NYSE:JBS 2 January 2026 - 20 June 2026

JBS Plant Shutdowns Draw Attention to Beef Supply Limits Again

JBS Plant Shutdowns Draw Attention to Beef Supply Limits Again

JBS USA is set to close two U.S. meat plants as it trims operations amid tight cattle supplies and squeezed margins. The company will shutter its Souderton, Pennsylvania, beef plant, which processes about 2,000 cattle daily. JBS also plans to close its Empire Packing facility in Memphis, which handles meat cutting, packing and preparation for grocers and restaurants. Timing is key as the U.S. cattle supply isn’t steady. USDA said large feedlots held 11.7 million cattle and calves as of June 1, a 2% rise year over year. Placements in May dropped 10% and marketings were down 12%, marking the second-lowest May figure since the series started in 1996.
20 June 2026
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China’s 55% beef tariff hits Australia as China caps imports for 2026

China’s 55% beef tariff hits Australia as China caps imports for 2026

China will charge an additional 55% tariff on beef imports that exceed new country quotas, tightening access for Australia and other major suppliers under a three-year safeguard system that began at the start of 2026. For 2026, China set quotas of 1.1 million metric tons for Brazil, 205,000 for Australia and 164,000 for the United States, and said the limits would rise gradually each year. South China Morning Post Australia exported more than 295,000 metric tons of beef to China in the first 11 months of 2025, and the Australian Meat Industry Council said the new settings could cut those exports by about a third and cost the sector about $1 billion. China’s commerce ministry set a combined 2026 quota of 2.7 million metric tons for countries covered by the measures and said the system would run for three years from Jan. 1. Brazil said it would work with China bilaterally and through the World Trade Organization to mitigate the impact. ABC
2 January 2026
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Stock Market Today

  • Oil Prices Head for Sharpest Quarterly Drop Since 2018 as Supply Pressures Fade
    June 30, 2026, 2:52 PM EDT. Oil prices are set for their biggest quarterly fall in six years as supply strain eases. Shippers are finding ways around the Strait of Hormuz, which had been a major hurdle for oil flows, and Chinese crude imports have pulled back, softening the hit from reduced Persian Gulf exports. The moves have helped unwind tightness in oil markets, sending prices lower.
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