There’s a lot happening in the pork industry today. Brazil bought into the global beef and pork business in a big way with J & F Participacoes, S.A. purchase of Swift & Co. ending a long speculation (since 2002) about who would eventually own those assets. Those who predicted countries like Brazil, with underdeveloped infrastructure and disease containment mechanisms would have a hard time competing with U.S. produced beef and pork in the export market just got a valuable lesson. If you don’t have everything you need domestically to compete, you can always consider buying the capabilities and attributes abroad. We went down there for cheap inputs. They came up here for access to the Pacific markets among other things.
