NCBA Statement on Antitrust Lawsuit Against JBS Acquisition of National Beef
DENVER - “The members that comprise the National Cattlemen’s Beef Association (NCBA) appreciate the Department of Justice’s (DOJ) attention to the balance of competition within the beef industry.
“DOJ filed a civil antitrust lawsuit today in the U.S. District Court in Chicago to prevent JBS S.A. from acquiring National Beef Packing Company, LLC. JBS has already acquired Swift Foods Company and is currently in the process of acquiring the Smithfield Beef Group, Inc. and Five Rivers Ranch Cattle Feeding, LLC. These acquisitions have not been challenged by DOJ, and have significantly increased the size and capacity of JBS.
“As JBS has increased its ownership in the packing and cattle feeding industries, NCBA has supported DOJ’s efforts to monitor, evaluate, and—if necessary—act upon these acquisitions. We encourage the process of due diligence and will be closely monitoring this case and the impacts on the beef industry. In particular, we will be making certain that the prices cattle producers receive for their animals do not decrease unfairly.
“NCBA supports free and fair competition in open markets, and believes this is the best way for cattle producers to remain profitable while providing consumers with high-quality beef.”
Andy Groseta is a rancher from Cottonwood, Arizona, and president of the National Cattlemen’s Beef Association.