In a new lawsuit, environmental advocates say a Colorado beef-packing plant owned by JBS has been dumping polluted wastewater into a river for years. The suit comes as the Brazilian company is under fire for taking millions in President Trump's tariff bailout payments. (No paywall)
Last week, 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.(No paywall)
An expansionary phase in the U.S. cattle inventory, dating from 2014, is slowing, say USDA analysts, pointing to a financial pinch on the cow-calf ranchers who start the beef production cycle.
Chief executive Uma Valeti says Memphis Meats, the self-declared leader in a worldwide race to develop cell-based meat, "will be ready to go to market tomorrow," albeit on a small scale, once the U.S. regulatory framework is in place. "Selling even the first plate of meat to a consumer is a big deal," said Valeti.
Tyson, the largest U.S. meat company, will buy Keystone Foods for $2.16 billion. Keystone's prior owner, Marfrig Global Foods, announced the brand was up for sale earlier this year. The deal will face regulatory review in at least the U.S. and China.