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JBS: The Story Behind The World’s Biggest Meat Producer

The story goes that when Wesley Mendonça Batista arrived in Greeley, Colo. in 2007 from Brazil he sported the basic cowboy gear of jeans, boots and hat. He spoke no English and made a point of getting blood on his hands– showing butchers at his newly acquired Swift how to carve out the most dollars’ worth of cuts from a cow’s carcass. Cut to four years later and Batista, 41, was sitting in the lobby of the InterContinental Hotel in New York City looking through a presentation, in English,…

Brazil supports its main world’s exporter meat industry

  The world’s largest beef producer, Brazil’s JBS announced its board agreed to boost its capital by as much as 3.48 billion Real (2.15 billion US dollars) through a private placement with Brazil’s state economic and social development bank.   BNDES, as the bank is known, will convert into stock the bonds that it bought from Sao Paulo-based JBS in December 2009 to help it finance takeovers of Pilgrim’s Pride Corp. and Bertin SA.   At the time, JBS said the bonds would be convertible into…