Source: WNAX Radio
OCM Asks DOJ To Stop Purchase Of Mountain States Lamb Processing By JBS
Tag: JBS
‘An industry gone bankrupt’: Weld County lamb producers to feel impact of Mountain States Rosen closure
by Anne Delaney Source: The Greeley Tribune When the Mountain States Rosen lamb plant in Greeley announced its closure last month, the transaction was projected to have a major effect on the lamb industry nationwide. The implications of the plant shutdown are already being felt in Weld County where as many as 300,000 lambs per year are kept on feedlots. Feedlots are where the lambs are fattened up before moving to slaughter at Mountain States Rosen, which was the Read More …
DOJ asked to investigate JBS lamb facility acquisition
by Jacqui Fatka Source: Feedstuffs JBS USA Holdings Inc. closed on its purchase of the rancher-owned Mountain States Rosen lamb processing facility in Greeley, Colo., but a number of congressional leaders from five western states as well as industry groups have asked U.S. Department of Justice assistant attorney general Makan Delrahim to investigate the acquisition. The COVID-19 pandemic severely damaged foodservice sales and consumer demand for American lamb, as foodservice dine-in sales account for more than 50% of Read More …
OCM Calls for Department of Justice to Halt JBS Purchase of Mountain States Cooperative
Click Here to Read OCM’s Letter to DOJ FOR IMMEDIATE RELEASE July 31, 2020 Media Contact: Ben Gotschall bgotschall@competitivemarkets.com 402-540-1342 OCM Calls for Department of Justice to Halt JBS Purchase Ag Group cites possible antitrust violations and calls for investigation LINCOLN, NE: Today the Organization for Competitive Markets (OCM) sent a letter to Assistant Attorney General Makan Delrahim of the Antitrust Division of the United States Department of Justice (DOJ), calling for the DOJ to stop the Read More …
The Criminals Win Again: JBS Signs Deal to Increase Sales to China
JBS has done it again. Today, Meatingplace reports the Brazilian meatpacking giant’s South American arm has secured a deal to sell over $700 million dollars worth of beef, pork, and poultry to China per year under its Friboi and Seara brands out of Brazil. “This agreement reflects the maturity and evolution of our trade relations with China,” said Renato Costa, president of Friboi. “It will be an opportunity for us to evolve in our supply chain in an Read More …
New Brazilian Class Action Targets Corrupt JBS in the Name of Democracy
Brazilian class action lawsuit against corrupt meatpacking behemoth JBS lays out the undisputed evidence that through bribing over 1,800 Brazilian politicians, JBS was able to take over U.S. Swift Food, U.S. Smithfield beef group, and Pilgrim’s Pride, launching their takeover of the U.S. meat processing industry and becoming the world’s leading meat processor. The lawsuit demands JBS restore to the Brazilian public nearly a billion U.S. dollars of its ill-gotten gain. Meanwhile, U.S. officials have forked over yet Read More …
Brazilian Prosecutors Take Aim at JBS. When Will U.S. Do the Same?
Brazilian prosecutors agree with OCM’s position that meatpacking giant JBS is guilty of fraud that led to illegal loans from Brazilian state development bank BNDES. Through bribery, JBS secured the necessary funds to go on a spending spree buying up 40 rivals on four continents, including the U.S. JBS has admitted that but for these fraudulent loans, it wouldn’t have been able to take over the U.S. beef market. Now Brazilian officials are demanding $5 billion in damage Read More …
President Trump Should Say No to Brazil’s Beef Import Deal
“With this acquisition, we become the largest beef company in the world.” With these words, JBS President Joesley Batista set in motion what today has become an invasion of the U.S. beef market by Brazilian corporations. Batista uttered these words in 2007 during JBS S.A.’s announcement that it had just purchased the U.S.’s third largest beef processor, Swift Food Company. A year later, JBS seized on the opportunity to expand its U.S. acquisitions and purchased Smithfield Beef Group, Read More …