Policy makers have a chance to create an open, competitive, and fair cellular meat industry. But early investments by venture capital and conventional meat could shape this new market in Big Ag’s image.
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JBS will buy undisclosed assets from Iowa hog producer TriOak, locking up a supply of Prop-12 compliant hogs and vertically integrating an already consolidated industry.
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A congressional report reveals how meatpacking corporations exaggerated risks of food shortages and drafted an executive order to keep their plants open, deterring health and safety regulations.
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JBS makes a bid for Australia’s second-largest salmon corporation, supercharging fears about factory farms at sea.
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Lawmakers and ranchers want answers from antitrust enforcers about rising consumer beef prices and stagnant live cattle prices.
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In a few weeks, many Western sheep ranchers might not have a place to slaughter their lambs. Global meatpacking giant JBS last month won the bankruptcy auction for the Mountain State Rosen (MSR) lamb processing plant in Greeley, Colorado.
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Last week, a group of organizations representing meatpacking workers filed a civil rights complaint with the USDA against dominant meatpackers. The Title VI Civil Rights Act complaint alleges that Tyson Foods’ and JBS’s response to COVID-19 had a disproportionately harmful, disparate impact on their employees of color.
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Wholesale beef prices have jumped to record levels, as shoppers stockpile meat in response to the global coronavirus pandemic. But this run on beef isn’t helping cattle ranchers. On the contrary, cattle prices have plummeted since January, putting many ranchers on the brink of collapse.
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Food safety officials lifted a ban on Friday on Brazilian beef imports, introducing a potential windfall for multinational meatpackers and significant threats to American ranchers and consumers.
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Last week, nearly 500 cattle producers from 14 states rallied in Omaha, Nebraska to denounce corporate control over cattle markets and to demand that the Trump administration do something to fix it.
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Last week, several senators called on the USDA to stop giving federal trade-related farm aid to foreign-owned corporations, particularly Brazil’s JBS, the largest meatpacker in the world. This follows a bill by Congresswoman Rosa DeLauro, D-Conn., that would require USDA’s Agricultural Marketing Service to only purchase foods from American companies, when available.
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On Tuesday, several Midwestern feedlot owners along with the Ranchers-Cattlemen Action Legal Fund (R-CALF) filed a class-action lawsuit alleging that dominant meatpackers conspired to depress cattle prices starting in 2015. The case argues that JBS, Tyson, Cargill, and National Beef strategically cut back on open market cattle bids, closed plants, and imported costly foreign cattle in order to force farmers to accept lower prices and manipulate spot market cattle values.
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