JBS Debuts on NYSE | Don't Deport Farmworkers | U.S. Trade Deficit Narrows by 55%

Compiled Industry News (June 17, 2025)

Brazilian meatpacking giant JBS stock gains in NYSE debut

JBS shares, which have the ticker symbol "JBS," opened at $13.65 on the  New York Stock Exchange (NYSE)  and closed just slightly higher at $13.87, after climbing to $14.58 earlier in the session.2 The shares are dual listed with Brazil's B3 exchange.

JBS, which is majority owner of U.S. poultry firm Pilgrim's Pride (PPC), is the world's largest meatpacker, with 2024 revenue of $77.18 billion and net income of $1.96 billion, according to a prospectus filed in April with the Securities and Exchange Commission.3JBS. "Prospectus."

Trump: We can’t deport farmworkers

President Donald Trump, citing pressure from the agriculture and hospitality sectors, says farmworkers who are in the country illegally shouldn’t be deported and reiterated that the administration would be taking action on the issue.

“Our farmers are being hurt badly. They have very good workers. They’ve worked for them for 20 years. They’re not citizens, but they’ve turned out to be great. We’re going to have to do something about that. We can’t take farmers and all their people and send them back because they don’t have what they are supposed to have,” Trump said. 

U.S. trade deficit narrows by 55% in April

CNBC’s Jeff Cox reported that “the U.S. deficit with its global trading partners tumbled by the largest amount on record in April as companies and consumers no longer rushed to get imports ahead of President Donald Trump’s tariffs.”

“Following a record-breaking surge in the trade imbalance, the deficit slid to $61.6 billion, a decrease of $76.7 billion from the prior month and below the Dow Jones consensus forecast for $66.3 billion, according to a Commerce Department report Thursday,” Cox reported. “The move reverses a massive surge in imports that came ahead of Trump’s April 2 ‘liberation day’ announcement.”

6-17-25 -- Ag industry praises proposed US biofuels increases

6-16-25 -- Bunge-Viterra merger gains approval in China

6-16-25 -- Meat Institute moves for ag worker policies to address processing industry

6-12-25 -- Study says clean energy rollbacks will cost economy $1.1 trillion by 2035

6-12-25 -- USDA buyouts extend well beyond the beltway, data shows

6-12-25 -- COCERAL forecasts higher EU grain output

6-11-25 -- ICE conducts raid at Omaha meat plant

6-11-25 -- Trump’s tariffs to stay in place while legal fight goes on, appeals court orders

6-10-25 -- Integrity of USDA data questioned after trade report redaction

6-9-25 -- Unsettled tariff situation disrupts transportation

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