Speaking of lawsuits mrj, there is one going on in the chicken industry against Tyson and Pilgrims Pride (owned by JBS) saying they "conspired to unlawfully fix, maintain and stabilize the price of broiler chickens by coordinating and limiting their production capacity." It also claimed the defendants "fraudulently concealed such anti competitive conduct in furtherance of the conspiracy."
This is happening at the same time in which the Batista brothers are under investigation in Brazil for a long list of illegal activities including fraud and money laundering. But they're just good people.
In the same issue of BEEF magazine Harlan Hughes gave his predictions for marketing 2016 calf crop given what he believed would be the average price for 550 pound steers ($165). Only problem is he is about $40-$50 a hundred low and dropping fast. Packer concentration (which intentionally lowered kill capacity) and captive supply (which allows packers to stay out of the market for long periods of time), are among other things killing the cattle market right now. There another kind of slime in the cattle industry, unfortunately groups like NCBA helped hand the industry over to them.