From humble beginnings in 1953, Brazilian beef behemoth JBS SA is now the world’s largest beef packer. JBS completed its $1.5 billion acquisition of Swift & Co. in mid July, which not only marks an unprecedented foreign investment in the U.S. meat business, but also creates a global beef business that will rival Cargill Inc. in scope.
What JBS’s Swift move will do to the U.S. and worldwide industries will now be the subject of intense speculation. One fact is clear already. The North and South American beef industries are more connected than ever before.
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