Beef Magazine is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

R-CALF Says Obama Broke Promise

In a strongly worded four-page letter to the U.S. Department of Justice (Justice), 17 R-CALF USA officers, directors and committee chairs from 12 states on Thursday expressed deep disappointment that Justice failed to properly investigate the antitrust implications associated with Brazilian-based JBS S.A.’s (JBS’) acquisition of Pilgrim’s Pride Corporation (Pilgrim’s Pride).

In a strongly worded four-page letter to the U.S. Department of Justice (Justice), 17 R-CALF USA officers, directors and committee chairs from 12 states on Thursday expressed deep disappointment that Justice failed to properly investigate the antitrust implications associated with Brazilian-based JBS S.A.’s (JBS’) acquisition of Pilgrim’s Pride Corporation (Pilgrim’s Pride).

The letter states, “In our opinion, the Justice Department’s action in refusing to fully investigate the antitrust implications of the unprecedented merger between JBS and Pilgrim’s Pride – the world’s largest beef packer and North America’s largest broiler processor, respectively – when these firms both control and market substitutable, competing proteins, is an irrepressible defiance of President Obama’s promise to ensure competitive markets for the nation’s farmers and ranchers, including its cattle farmers and ranchers.”

To read the entire article, link here.