JBS Exits NCBA
JBS has left the National Cattlemen’s Beef Association as the group is taking a closer look at market consolidation. NCBA, along with other livestock and general farm organizations, met recently to discuss livestock market concerns. And lawmakers have requested the Department of Justice continue, and provide an update on, its cattle market investigation. Politico reports JBS suspended its membership to NCBA last year as part of an internal review. Now, JBS is no longer a member of NCBA, but company officials say they expect to remain involved with the group.
In response to the lawmaker’s effort, NCBA’s Ethan Lane stated last week, “We have a high supply of cattle at one end of this equation and a high demand for U.S. beef at the other, but the middle is being absolutely choked by the lack of processing capacity.”
Known as the big four, Tyson, JBS, Cargill and National Beef process more than 80% of U.S. beef.
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