JBS USA Food Company Holdings announced early tender results for its cash tender offers for senior notes due 2034 and 2035, increasing the maximum tender amount from $1.0 billion to $1.2 billion. As of the early tender date on April 10, 2026, $1.32 billion of 2034 Notes and $829.8 million of 2035 Notes were tendered. Due to oversubscription of 2034 Notes, the company expects to accept only $1.2 billion on a prorated basis and will not accept any 2035 Notes or notes tendered after the early tender date.

Ground beef prices have reached a record $6.67 per pound, up 20.5% annually, driven by a historic cattle shortage. U.S. cattle inventory has fallen to 85 million head—the lowest since 1951—constraining supply while demand remains strong. The USDA forecasts beef production will decline further in 2026, with cattle prices expected to average $240 per cwt, up 7% from 2025. New supply won't meaningfully reach markets until 2028 due to biological production lags.

JBS N.V. and its co-issuers successfully completed exchange offers for five series of senior notes totaling approximately $5.25 billion in principal amount. The offers achieved high participation rates ranging from 99.24% to 99.97%, with settlement expected on January 14, 2026. The new notes are registered under the Securities Act and have identical terms to the old notes except for removal of transfer restrictions.

Mantiqueira USA, a joint venture between the Pinto Family and JBS, has signed a binding agreement to acquire Hickman's Egg Ranch, marking its entry into the U.S. egg market and expanding JBS's protein portfolio.

Mantiqueira USA, a joint venture between the Pinto Family and JBS N.V., has signed a binding agreement to acquire Hickman's Egg Ranch, marking its entry into the U.S. egg market and expanding JBS's protein portfolio.