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[quote=Anonymous][quote=Anonymous][quote=Anonymous]JBS , meat processing, enjoyed a 70% increase in profits. Ranchers lost money.

Throttling supply to increase decrease demand and rake in insane profit increases on staple food products isn’t capitalism. Ranchers don’t have a wide choice of processing companies.

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JBS USA Holdings, Inc. is a meat processing company and a wholly owned subsidiary of the Brazilian multinational JBS S.A. The subsidiary was created when JBS entered the U.S. market in 2007 with its purchase of Swift & Company.

JBS USA is based in Greeley, Colorado. Its competitors include Hormel Foods, Cargill, Smithfield Foods, and Tyson Foods.

SÃO PAULO — JBS SA reported net income loss for fiscal year 2023 ended Dec. 31, 2023, totaling $132 million. For the fiscal fourth quarter of 2023, JBS had net income of $7 million, which was 96.3% below the year-over-year mark.

“Despite the persistent negative effects of the cattle cycle in the United States, the operational management measures adopted last year and the improvement in the medium-term outlook enable us to enter 2024 on the path of margin recovery,” said Gilberto Tomazoni, chief executive officer of JBS SA, in the earnings report. “Our focus on operational excellence was key to correcting the course of two of our businesses that underperformed in 2023: USA Beef and Seara. We identified issues and took action to adopt management measures based on our culture, with a focus on people and discipline in execution.”

https://api.mziq.com/mzfilemanager/v2/d/043a77e1-0127-4502-bc5b-21427b991b22/ffed7156-c0f3-aa92-efa3-010754c4ae05?origin=1

[img]<a href="https://ibb.co/cJmZVpm"><img src="https://i.ibb.co/CBrYDXr/IMG-3201.jpg" alt="IMG-3201" border="0"></a>[/img]

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https://mycleanbeef.com/m.index.php

Started by farmers against what you posted. They raised something like $300 million and built their own plant.

https://100percentfedup.com/u-s-ranchers-banding-together-to-save-our-food-supply-300-million-raised/

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