An investigation into the theft this summer of several semitrailers loaded with frozen beef from Nebraska has led to arrests and uncovered a multimillion-dollar theft ring targeting meatpacking plants in six Midwestern states, federal authorities said.
Some say the deal supports their concerns about how a lack of competition in the beef industry affects prices to consumers.
Responding to increased consumer demand for custom meats, the Iowa Economic Development Authority awarded 15 grants Friday to small-scale meat processors.
Markets not working fairly when demand is strong and packers are making record profits, but cattle farmers still are losing money, Sen. Chuck Grassley told Senate Judiciary Committee.
JBS’s five biggest beef plants in the United States — which altogether handle 22,500 cattle a day — halted processing following a weekend ransomware attack on the Brazilian company’s computer networks.
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