big four

Four Meatpacker CEOs to Testify at Congressional Hearing

Dan Beef, Cattle, Legislative, Marketing, Regulation

The four CEOs of Cargill, Tyson Foods, JBS, and National Beef Packing have agreed to testify before Congress. Reuters says the meatpacker bosses will discuss cattle markets and price increases for consumers. House Ag Committee Chair David Scott says it’s important to find out why prices have dropped for ranchers and risen for consumers. “In addition to the CEO panel, …

jbs

Brazil’s JBS Suspending Work at Seven Facilities

Dan Beef, Industry News Release

Brazil’s JBS SA announced last week it would suspend its cattle purchases and slaughter activities at seven facilities for an indefinite period. Meat industry publication Meatingplace reports the move follows a local court decision that decided to freeze the U.S. equivalent of $230 million in assets belonging to the controlling company of JBS. The assets were blocked following the request …