Steak Prices Will Keep Rising, Major U.S. Meatpacker Says

National Beef Co., controlled by the Brazilian giant Marfrig Global Foods, sees relatively stable margins in the next two quarters, according to Tim Klein, who heads Marfrig’s U.S. operations. That means even though their costs to buy cattle are increasing, the company will ultimately be able to pass that on to consumers in the form of pricier steaks and burgers.

Meat Packers’ Profit Margins Jumped 300% During Pandemic – White House Economics Team

December 31, 2021 Andrea Shalal, Reuters

Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled their own net profit margins since the pandemic started, White House economics advisers said.

Brazil’s Marfrig Resumes U.S. Beef Sales Amid Coronavirus Closures

May 1, 2020 Reuters

Marfrig Global Foods has resumed sales of fresh beef from Brazil to the United States amid supply disruptions in the U.S. market during the coronavirus epidemic, the Brazilian company’s chief executive told Reuters.

Brazil’s Marfrig raises stake in National Beef to 81.7%

November 19, 2019 Reuters

Brazilian protein producer Marfrig Global Foods SA has raised its stake in U.S. meatpacker National Beef Packing Company to 81.7% from 51%, according to Sunday evening filings.

Brazil Meatpackers BRF, Marfrig Call Off Talks On Proposed Tie-Up

Brazilian meatpackers BRF SA and Marfrig Global Foods SA said on Thursday that they had mutually agreed to call off negotiations for a possible merger that were going on for a month.