R-CALF finds fault in JBS acquisition.
A proposal by JBS USA to buy an Arizona feedlot is shining a spotlight on the state of fair competition in the U.S. beef industry.
JBS S.A., which is headquartered in Brazil and does business in the U.S. under Greeley-based JBS USA, is planning to spend $24 million to buy McElhaney Feedyard, a 130,000-head cattle-feeding operation in Welton, AZ.
"We are very pleased with the proposed acquisition of this state-of-the-art installation through which we can liaise with local producers and ranchers to provide feed service for their cattle and customize the animal diet to suit the needs of our many customers not only in the U.S. but around the world," said Wesley Batista in a June 30 statement announcing the proposed purchase, which must first pass regulatory scrutiny.
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Read BEEF magazines's exclusive interview with JBS CEO Wesley Batista.