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Coffee Shop
JBS three rivers
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<blockquote data-quote="Ojp6" data-source="post: 1427430" data-attributes="member: 23608"><p>From what I understood they are selling all their feedyards to make up for the fines they are paying due to them paying off elected officials in Brazil and shipping contaminated meat. </p><p>I heard that this was actually a positive thing for our cattle market because they were expecting them to sell some assets or possibly close a plant. If they had shut down a slaughter plant it could have hurt the market much worse. </p><p></p><p>I would guess a large company will purchase Five Rivers and not much will change. Smithfield is interested in buying it back and if they do I would say it will be business as usual.</p></blockquote><p></p>
[QUOTE="Ojp6, post: 1427430, member: 23608"] From what I understood they are selling all their feedyards to make up for the fines they are paying due to them paying off elected officials in Brazil and shipping contaminated meat. I heard that this was actually a positive thing for our cattle market because they were expecting them to sell some assets or possibly close a plant. If they had shut down a slaughter plant it could have hurt the market much worse. I would guess a large company will purchase Five Rivers and not much will change. Smithfield is interested in buying it back and if they do I would say it will be business as usual. [/QUOTE]
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