Argentina-Brazilian beef giant to buy cattle fed lots.

ARGENTINA.

JBS-SA GOING INTO CATTLE FEEDING.

With the government of Argentina bank rolling feed lots for 200,000 had of cattle in Argentina, JBS announced via the Dow Jones news wires that they want some of the action to compliment there beef plants.

JBS-Swift are already the largest beef producers of feed lot cattle in the United States, with their recent acquisition of the Five Rivers Ranch Feed Lots.

JBS are very big players in the Argentine beef trade along with their rivals from Brazil Mafrig.

Meanwhile to companies US subsidiary is considering laying off staff at their plant in Greeley.

JBS have also signed an agreement to buy back 41. 1 million of the companies shares.

This program will take place over the next year.