Posted on April 29, 2021
Like many global meatpacking companies, JBS SA, the giant Brazilian meat and poultry packer with extensive operations in North and South America, Europe, and Australia, spent most of the last six months buying its way out of trouble with U.S. customers and the American government.
Even a cursory examination shows JBS spent $221.5 million in […]
Posted on April 21, 2021
In a now too-common story in U.S agriculture, Archer Daniels Midland (ADM) last month agreed to pay farmers $45 million to settle what the March 13 Wall Street Journal described as “price-fixing allegations leveled at its peanut processing division.”
While $45 million is, indeed, peanuts to ADM—its estimated 2020 revenue will top $65 billion—this isn’t the first […]
Posted on September 17, 2020
There are many reasons to dislike JBS USA, the world’s—and America’s—largest meatpacker.
In 2017, for example, JBS heirs and bosses, Joesely and Wesley Batista, cut a plea deal to escape prosecution in a bribery scandal that involved an incredible 1,829 politicians in their native Brazil. Both, however, later served six months in jail on […]
Posted on February 14, 2018
Maybe it’s a sign of our fast-changing times, but paradox and irony seem as common today as lunch and supper. For example, the world’s largest taxi company, Uber, owns no taxis and the world’s second largest air force is the U.S. Navy.
The same is true of the American beef sector. As of mid-January, the owner […]
Posted on July 2, 2014
Two of the world’s biggest meatpackers, Tyson Foods and JBS SA, are in a bare-knuckled, checkbook throw-down over who will own Hillshire Brands, the Chicago-based maker of branded processed meats and packaged food.
Which ever firm wins this brawl will matter less to Tyson and JBS than to you or me because it will enable one […]