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A Canadian Look at JBS

A

Anonymous

Guest
Sheri doesn't mince any words!!! :clap:

JBS is no gomer



Sheri Monk

Maple Creek News - Canada

29-05-2008



A gomer is a bull which wants to breed, physically can breed, but can’t make a calf. Gomers aren’t castrated and are used to mark a cow when she’s in heat.



The bull climbs on, gets off, but leaves a mark on the cow with chalk or paint which is strapped on under his chin. Then, the real bull can be turned out, she’ll stand for him and hopefully, she’ll take.



This concentrated meatpacking business has made a lot of cattlemen stand for a lot more than they should have ever had to take, and it’s only getting worse.



Last year, JBS of Brazil bought Swift & Co., proudly declared themselves as American as apple pie and renamed the massive company JBS Swift.



JBS is the largest packer in all of South America and is trying to buy three critical components to the US cattle business.



If they succeed, they will have become the largest meatpacker in the U.S. and the world in just one year.



It doesn’t matter if you’re growing apples, organizing rodeo or selling real estate. If there’s too few in control of too much, the wreck is on and your average citizen will take a beating for it.



JBS is planning to buy National Beef, Smithfield Beef and Five Rivers Ranch Cattle Feeding. R-CALF has been raising hell over the deal and with good reason. Several U.S. governors and attorney generals have signed letters of protest, expressed concern and generally sounded the alarm bell.



At the end of the day, I think the deal will go through because JBS is already behaving as though it has. If they thought it was going to go south, they’d behave as responsible corporate citizens. They’d be buying television commercials to show the world how pleased they are with how they turned out.



Instead, JBS has mounted the American cattle business and won’t get off. A couple of weeks ago, JBS started sending contracts to U.S. feedlots that requires they waive any rights they have under the trust provisions of Section 206 of the Packers and Stockyards Act.



Not that anyone’s enforced the trust act for decades, but at least there was a glimmer of hope.



If that weren’t enough, the contract also demands the right to withhold payment for grade. Sounds to me like they know they’ve got the deal sewn up and shut solid and I guarantee you, this is no gomer screwing us.



Yes, us. You can turn your Canadian eyes away from the wreck. You can read this and tiptoe out of awareness as if you’ve just walked in on your parents in the bedroom, but this deal is going to take and it’s going to make this business harder for everyone in it, including us.



Ultimately, shoppers are not going to care who buys the beef they want to eat. This COOL (country of origin labeling) deal is nothing in comparison to this JBS swindle.



Shoppers, for the most part, couldn’t care less where products come from which is why everything we buy is made in China.



And if one company out of Brazil ends up owning every cow and every cattleman in America or the world, people won’t care about that either.



Which is why folks who understand what’s going on in the business have to take a stand on this, even if it’s happening south of the border.



We all know how stupidly dependent we are on the U.S. to support our cow business. Like it or not, that’s the way it is and unless our politicking cattlemens groups like CCA, ABP and SSGA are taken by coup, it’ll never change.



Even if the JBS deal would never affect us (which it will) we should still scream over it because it’s wrong–plain and simple. People still ought to do what needs done for the simple reason that it needs doing.



Look at our packers–Tyson, Cargill and XL Foods. Tyson and Cargill are always the bad Americans and XL is given a free pass because they were born in Canada.



Well, I’ll tell you what. Soon as the border opened to UTM (under 30 month) Cdn. cattle, XL took that pile of BSE money they made and opened shop in America to get in on the same north-south screwing we all seem so happy to keep showing up for. That’s how Canadian they are.



In this new era of globalism, patriotism exists only in song and sport. Sing the anthem all you want, but we’re dancing to the same beat and we’re all going to take the same breed of beating. No matter where you live, it’ll hurt.



maplecreeknews.com
 

PORKER

Well-known member
And if one company out of Brazil ends up owning every cow and every cattleman in America or the world, then What!

US. Cattlemen Lose. Just like the jobs that moved overseas. We lost the Steel business, We lost the Appliance Business, We lost the clothing industry, We lost the medicine industry , etc.

But the Dollar is falling so far and fast that this will happen.

DJ Brazil Cattle Futures Push Over BRL90;Could Surpass US Prices
3:56 PM, May 30, 2008

SAO PAULO (Dow Jones)--Brazil's live cattle prices shot up all week and rose
to over 90 Brazilian reals ($55.21) per 15-kilograms on Friday.

In dollar values, Brazilian beef has never been more expensive and is coming
in line with U.S. beef prices. If recent trends continue, Brazil beef prices
could surpass prices in the U.S., estimated around $58 to $60 per 15-kilograms,
according to calculations made by beef market consultancy
, Scot Consultoria, in
Sao Paulo.

"Ten years ago, the price of beef rose 25% in the May to October period only
twice and everything indicates that that is going to happen again," said
Alcides Torres, director of Scot.

In the local futures market, the Brazilian Commodities and Futures Exchange,
or BM&F, commercial traders and speculators are pushing October futures closer
to BRL100. Prices rose to BRL96.95 for the October cattle contract on the BM&F,
after closing at BRL96.39 on Thursday.

"We have less supply and more demand not only from Brazil but from people
around the world," Torres said.

The recent trend of rising food prices has not spared Brazil any more than it
has other major food-producing nations, with commodity prices rising all year
long. Animal proteins are the latest food commodity to see a sharp increase
over the last several weeks.


Brazil is the world's No. 1 beef exporter.


-By Kenneth Rapoza, Dow Jones Newswires, 5511-6847-4541,
[email protected]
 

PORKER

Well-known member
Mixed Views On JBS' Purchase Of National, Smithfield Beef

KANSAS CITY (Dow Jones)--Market analysts and agricultural economists hold mixed views of the JBS SA (JBSS3.BR) purchase of National Beef and Smithfield Foods' (SFD) beef division. If the deals are completed, JBS would be able to slaughter about 42,000 head of cattle on a daily basis in the U.S., including fed cattle and cows. Many analysts and commodity brokers question whether the federal government will allow both deals to be completed because JBS would have such a large share of the U.S. cattle and beef market.

US Sen Grassley Voices Concern Over Beef Co Consolidations

WASHINGTON (Dow Jones)--U.S. Sen. Charles Grassley, R-Ill., reacted swiftly to the news of the JBS SA (JBSS3.BR) purchase of National Beef and Smithfield Foods' (SFD) beef division, voicing his concern over the "further consolidation in the (U.S.) beef industry."


MARKET TALK: JBS Buys Raise US Cattle Biz Consolidation Fears

1308 EST [Dow Jones] - Some CME live cattle traders are fearful that the sales of National Beef and Smithfield Foods' beef operations to Brazil-based JBS SA (JBSS3.BR) could put U.S. food safety at risk and potentially impact cattle and beef prices. Joe Ocrant, a veteran CME live cattle trader, voiced concern about meat industry consolidation regardless of whether it is a packer or feeder operation. The situation, he said, would give whoever is dominant too much influence over cattle prices, beef values and U.S. food supplies. "Any foreign power having any control over our food supply concerns me," says Ocrant.

Brazil Beef Co JBS Says Acquisition Season Is Over

SAO PAULO (Dow Jones)--With the purchase of three more companies across the globe, Brazilian meatpacking giant JBS SA (JBSS3.BR) has ended a period of acquisitions and will now begin a consolidation process, JBS President Joesley Batista said Wednesday. Late Tuesday, JBS announced that it will acquire three companies, two based in the U.S. and one in Australia.
 
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