JBS S.A., the world’s largest beef processor, has split ownership of its Five Rivers Cattle Feeding (FRCF), the largest cattle-feeding enterprise in the world with an annual capacity of 1.5 million head. Formed in May 2005, Five Rivers Ranch Cattle Feeding LLC is an independently operated joint venture between CGC's ContiBeef and Smithfield Beef Group's MF Cattle Feeding companies. Eastern Standard Time (EST) - Virtual Event, Get limited access to our industry news, analysis and data, plus regular email updates. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The Company provides nutrition and health care to cattle and offers feed financing and marketing services to its customers. Red River Cattle Feeding is one of the largest cattle-feeding operations in the world, with about 920,000 head of cattle kept in 11 feedlots located in Colorado, Kansas, Oklahoma, Texas, Arizona, and Idaho. Brink spent 14 years in the cattle feeding business in various leadership positions at JBS Five Rivers Cattle Feeding and ContiBeef. Five Rivers operates more than a dozen feedlots across the Western U.S. and Canada. The acquisition would be completed through JBS USA and its subsidiary Five Rivers Cattle Feeding LLC, the largest cattle feeding operation in the U.S. JBS also owns multiple meat processing enterprises worldwide, but Robb said its large cattle-feeding arm was the least insulated from the company’s political and financial turmoil. One of the world's biggest feedlot operations, Amarillo, Texas-based Friona owns four feedyards in the northwestern part of the Lone Star State that have a feeding capacity of more than 275,000 head of cattle. The firm was ordered to pay a $3.16 billion corruption fine, and subsequently announced plans to sell billions in assets, including Five Rivers Cattle Feeding in North America and Moy Park in Europe. In press release from its Brazil headquarters, JBS said when it bought the Smithfield Beef Group last October, it also purchased 100 percent of Five Rivers Cattle Feeding which owns 10 feedlots, including two in Weld County and another in Yuma County. Compare pay for popular roles and read about the team’s work-life balance. JBS Shifts Ownership Of Five Rivers Cattle Feeding. Recently, JBS SA, the Brazilian parent company of Greeley-based Five Rivers Cattle Feeding LLC, announced plans to sell Five Rivers as part of a $1.8 billion divestment designed to assist in reducing debt. The Company provides nutrition and health care to cattle and offers feed financing and marketing services to its customers. The Five Rivers purchase, which included 10 feedlots with an annual capacity of 1.5 million head of cattle, was made from Smithfield Foods in 2008. You should only be asked to sign in once. Five Rivers will continue to supply cattle to JBS USA under a long-term supply agreement. Feedlots owned by the large beef packers can house huge numbers of cattle. JBS Five Rivers Ranch Cattle Feeding hopes to milk a profit from fattening up cows for market. Stephanie Paige Ogburn/KUNC Katie Abrams studies consumer perceptions of agriculture at … The largest of Five Rivers’ feedlots has a capacity of 125,000. As a relevant part of the meat production supply chain, JBS owned Five Rivers Cattle Feeding – the largest cattle feeder in the world – until 2018. Pilgrim's Acquires Moy Park Sell Your Cattle Direct Register now to read this article and more for free. Five Rivers Cattle Feeding is the largest cattle feeder in the world with an estimated total feeding capacity of 980,000 head of cattle. The purchase is estimated at a cost of $24 million, according to JBS. One of the largest cattle feeding businesses in the US, the company operates with a capacity to feed more than 800,000 head of cattle. The company also began selling some of its assets: a large Brazilian dairy company, a poultry processor in Europe and all of its cattle feedlots in the U.S. operated under Five Rivers Cattle Feeding. In making the decision, JBS S.A. officials cite the risk of potential legislation aimed at curbing packer ownership of cattle, as well as the … JBS already owns a production facility in Tolleson, Arizona, about 145 miles from the McElhaney facility. Five Rivers is formed and is comprised of the six ContiBeef feedyards owned by Continental Grain Company and the four Smithfield Beef Group feedyards owned by Smithfield Foods, Inc. 2004 . Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Lakeside Feeders was operated by JBS’ Five Rivers Cattle Feeding business, alongside operations in Colorado, Kansas, Oklahoma, Texas, Arizona, and Idaho. Five Rivers operates more than a dozen feedlots across the Western U.S. and Canada. Major companies include Cactus Feeders, Five Rivers Cattle Feeding, King Ranch, and Simplot Livestock (all based in the US), as well as Anzco Foods (New Zealand), Elders Victorian Feedlot (Australia), JBS (Brazil), Killara Feedlot (Australia), and Sukarne (Mexico). JBS also owns multiple meat processing enterprises worldwide, but Robb said its large cattle-feeding arm was the least insulated from the company’s political and financial turmoil. The feedlot, which has capacity for 75,000 head of cattle, has been managed as part of JBS’s Five Rivers Cattle Feeding unit, which also runs feedlots in Colorado, Kansas, Oklahoma, Texas, Arizona, and Idaho. Jun 08, 2009. Five Rivers Ranch is the nation’s largest cattle feeding operation, which Smithfield jointly owns with ContiGroup Companies. He also served as President and COO of J & F Oklahoma Holdings, Inc., the cattle ownership sister company to Five Rivers. Five Rivers Cattle Feeding is the largest cattle feeding operation in the world, with roots in the U.S. dating back to the 1920s. Shortly thereafter, JBS sold the Canadian branch of Five Rivers, a 75,000-head feeding operation, for $40 million U.S. As a relevant part of the meat production supply chain, JBS owned Five Rivers Cattle Feeding – the largest cattle feeder in the world – until 2018. JBS USA was the seller. JBS is the third largest packing plant in the U.S., harvesting roughly 28,600 head of cattle daily and garnering 21 percent of the market share. Five Rivers Cattle Feeding LLC operates feedlots for cattle. We have four feedyards in Texas, with a feeding capacity that ranks in the top 10 cattle feedlots worldwide. March 25 The Continental Cattle Company, as it was originally called, was formed in 1881 by William Edgar Hughes, John N. Simpson, and John W. Buster.Having recently purchased J. R. Couts's interest in the Hashknife Ranch and the Millett brothers' operation in Baylor County, Hughes and Simpson became president and vice president, respectively, of the company, which had offices in Dallas and St. Louis. To read the entire article, link to The Fence Post. Five Rivers operates approximately about 10 feedlots located in Colorado, Idaho, Kansas, Oklahoma, and Texas. The beef it produces on its lots is sold in some 2,300 food retail outlets throughout the US. Find out what works well at Five Rivers Cattle Feeding from the people who know best. The most recent Five Rivers sale to Pinnacle marks JBS’s exit from all … JBS Five Rivers is the world’s largest cattle feeding business, with 11 US commercial feedyards in Colorado, Kansas, Oklahoma, Texas, Arizona and Idaho with a one-time capacity of around 980,000 head. Greeley, CO 80634 In 2013, the company also acquired Zenda, the largest leather producer in … Friona is headquartered in Amarillo, TX. JBS made what it calls “a strategic decision” with J&F Oklahoma to split ownership of Five Rivers. here to register, Not for publication, email or dissemination, PE dealmaking in 2021: Vaccine cheer, travel and diligence tools in focus, Accel-KKR to make 10x on sale of Insurance Technologies, Buildertrend snags funding from Bain Capital Tech Opportunities and HGGC, Quad-C sells stake in life sciences packaging company Inmark, Centre Lane sells GP stake to Investcorp, More U.S. GPs move to Euro-style waterfalls, New Mountain unloads Sparta Systems in $1.3bn deal, GTCR’s Cedar Gate Technologies remains hungry for more growth, Investing behind infrastructure: Clearlake’s Janus unveils $1.9bn SPAC merger, Sun Capital-spinout Lincoln Road Global Management launches Landmark Paving. JBS SA reveals plans to sell assets worth $1.8 billion, including a 19.2 percent stake in Brazil-based dairy company Vigor Alimentos SA, along with its Northern Ireland unit Moy Park Ltd. and Five Rivers Cattle Feeding in the U.S. Click here. Five Rivers is the largest lot feeding operation in the world with commercial feed yards in Kansas, Colorado, Texas, Arizona and Idaho and a one-time capacity of 980,000 cattle. The company also owns Five Rivers Feeding, which consists of 13 feedyards and has a current one-time capacity of 960,000 head. 1770 Promontory Circle JBS bought the former XL Foods Lakeside packing plant and feedlot from Nilsson Bros. for $100 million in 2013. Hereford is the seat of Deaf Smith County, where cattle outnumber people 40 to 1. click to zoom; click for pdf version Pinnacle Asset Management LP said March 16 that it acquired Five Rivers Cattle Feeding for about $200 million. It became the nation’s largest cattle feeder Jan. 18 when it purchased JBS USA’s massive operation, known as Five Rivers Cattle Feeding, for “approximately $200 million.” Not the case? Only logged in subscribers of this site will be able to access the shared article. Formed in May 2005, Five Rivers Ranch Cattle Feeding LLC is an independently operated joint venture between CGC's ContiBeef and Smithfield Beef Group's MF Cattle Feeding companies. … Please confirm you would like to remove this article from your saved articles. J&F will own the cattle — the 10 lots have a capacity of 1.5 million head per year — and JBS USA will own the feedlots. ConAgra sells the Cattle Feeding Division to Smithfield Beef Group, a subsidiary of Smithfield Foods, Inc. Operations continue as MF Cattle Feeding. In 2010, Five Rivers had a capacity of 839,000 head on 13 feedlots in a handful of states. The Five Rivers purchase, which included 10 feedlots with an annual capacity of 1.5 million head of cattle, was made from Smithfield Foods in 2008. In Colorado, Five Rivers has four feedlots: Kumer Feedlot in Kersey, Gilcrest Feedlot in LaSalle, Yuma Feedlot in Yuma and Colorado Beef in Lamar. The Company provides nutrition and health care to cattle and offers feed financing and marketing services to its customers. Five Rivers is the largest cattle feedlot operation in the U.S. with a one-time feeding capacity of 811,000 head of cattle. Through the combined feeding capability of Smithfield's four feed yards and ContiBeef's six feed yards, Five Rivers Ranch has become the largest cattle feeding operation in the world with a combined feeding capacity … Its processing capacity is 7,600 cattle per day. Five Rivers, the world’s biggest cattle feeder, has set up shop here, along with Cargill and Cactus Feeders, which owns 11 area feedlots, including the one south of the Brorman home. Five Rivers Cattle Feeding operates in Colorado, Idaho, Kansas, Oklahoma, and Texas, and is based in Colorado. A link has been emailed to you - check your inbox. Smithfield Beef processes approximately 1.5 billion pounds of fresh beef annually. New York-based Pinnacle Asset Management, a leading commodities and natural resources investment firm, has acquired U.S.-based Five Rivers Cattle Feeding, the largest cattle feeding operation in the world, from JBS USA for $200 million. Five Rivers is still under contract to supply feed to JBS facilities. For example, JBS, the world’s largest beef processor, owns the Five Rivers Cattle Feeding Company. Its processing capacity is 7,600 cattle per day. JBS USA sells Five Rivers Cattle Feeding in a strategic move to allow more focus on the company's core food and value-added products businesses. In 2013, the company also acquired Zenda, the largest leather producer in … 2017. © 2020 Five Rivers Cattle, LLC. Don't have an account? 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