Industry News

N.M. attorney general joins suit against JBS

ALBURQUERQUE, N.M. – The New Mexico attorney general’s office announced Wednesday that Attorney General Gary King has joined an anti-trust lawsuit against Brazilian-owned JBS-Swift.

The U.S. Department of Justice and 16 states’ attorneys general filed the lawsuit last month to prevent JBS from completing its acquisition of National Beef Packing. If the two companies do merge, it would create the largest beef processor in the world.

The attorney general’s office said that if JBS is allowed to purchase NBS, potentially this could mean higher priced beef for consumers, a lower price-per-head for New Mexico ranchers and a limited market for meat packing.

Other states reportedly joining New Mexico in the antitrust lawsuit include Arizona, Colorado, Connecticut, Iowa, Kansas, Minnesota, Mississippi, Missouri, Montana, North Dakota, Ohio, Oklahoma, Oregon, South Dakota, Texas and Wyoming.

 

Source: New Mexico Attorney General's Office

Recent Articles by Tom Wray

You must register or login in order to post comments.

MARKET VIDEO

Multimedia

Videos

Image Galleries

Podcasts

The FSMA and the meat industry

Tom Egan, vice president, Industry Services/Membership, for PMMI, adds his thoughts on how FSMA will impact meat processers and what equipment suppliers are doing to present more sanitary design options.

More Podcasts

National Provisioner

April 2012 Cover

2012 April

Check out the April 2012 edition of National Provisioner
TABLE OF CONTENTS SUBSCRIBE

Independent Processor

April 2012 Cover IP

2012 April

Check out the April 2012 edition of Independent Processor
TABLE OF CONTENTS SUBSCRIBE

Provisioner Store

NP_Cover0312.gif
The National Provisioner Source Book

The Sourcebook is an exclusive buyer’s guide and reference tool for product and supplier information in the meat, poultry and seafood marketplace.

More Products

Sourcebook

SourcebookA complete reference guide to supplies. Go to NP's Sourcebook now to check out the latest and greatest in the meat and poultry processing business.

STAY CONNECTED

facebooklogo twitterlogo  linkedinlogo