JBS to sell 5 Rivers Cattle Feeding for $200m

JBS USA plans to sell Five Rivers Cattle Feeding to Pinnacle Asset Management, L.P., for approximately $200 million. Pinnacle Asset, an investment firm specializing in commodities and natural resources, made the announcement on Jan. 17 in a press release. Five Rivers Cattle Feeding includes 11 feedlots and has a total feeding capacity estimated at 980,000 head of cattle, making it the largest cattle feeder in the world. The feeding operation has yards in Arizona, Colorado, Idaho, Kansas, Oklahoma and Texas. Read more…