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A residual trade quota Brazilian shippers filled in six days just got reopened at six times its size, and the packer best positioned to capture both ends of the resulting spread is also one of the country's two largest cattle slaughterers. That packer's parent holding company pleaded guilty to federal bribery charges in 2020.
California didn't just regulate textile waste — it built a single mandatory gatekeeper for market access, then handed the keys to a vendor incorporated by its own for-profit compliance consultancy. The trade group that helped write the law is now suing to undo its implementation.
A JBS employee testified under oath that executives 'expressly agreed' to cut slaughter volumes to suppress cattle prices. JBS just paid $8 million to settle the Canadian case — with no admission of guilt — while Cargill and Tyson remain in court.
The DOJ confirmed on May 4, 2026 that the Big Four meatpackers — controlling 85% of U.S. beef processing — are under active antitrust investigation, with 3 million documents reviewed and criminal tracks running parallel to civil. Bloomberg's supply-shock narrative explains today's prices. Forty years of structural concentration explains who pays for them tomorrow.
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