A Giant Meatpacking Strike Isn’t Enough to Dent the Bull Case for JBS Stock, According to Bank of America

The Biggest US Meatpacking Strike in 40 Years Is Still On

At the sprawling JBS beef processing plant in Greeley, Colorado, 3,800 workers from around the world have united to carry out the largest US meatpacking strike in 40 years.Immigrant workers from around the world are on strike at one of the nation’s largest beef plants. (Essential Workers for Democracy)In less than a quarter-mile stretch of sidewalk, chatter in fifty-seven languages overlaps with the sound of dancehall, bachata, Thai pop, Haitian…

A Giant Meatpacking Strike Isn’t Enough to Dent the Bull Case for JBS Stock, According to Bank of America

JBS' bull case still holds together despite the Greeley strike. The company is rerouting production to other plants, cattle supplies are tightening, and futures pricing is supporting stronger packer margins.