Zing Tsjeng

speaker

5,630 appearances 21 recordings 9 series first heard May 2026 last heard 5d ago

Zing Tsjeng’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 21 in all, peaking in Jun 2026 with 11.

Appearances

newest first · ▶ plays the moment

Good Bad Billionaire · The Batista brothers: Meat and money · 3 Aug 2026 podcast

The other is to protect your own farmers because that's seen as very politically valuable. voice-verified

If you look in the US at the moment... voice-verified

You know, the farming lobby, the rural communities often have a very powerful voice. voice-verified

So that would be part of it. voice-verified

So just a few months later, the Batista brothers made their biggest acquisitions, which finally gave them access to that US meat market. voice-verified

They bought a company called Swift & Co., voice-verified

which was the third largest beef and pork processor in the US. voice-verified

It's also the largest beef processor in Australia. voice-verified

It's got annual sales of $9 billion. voice-verified

Buying it cost them $1.4 billion and a substantial portion of the financing for all of that. voice-verified

came from Bindis, which bought around $500 million worth of new JBS shares. voice-verified

Keep your eye also on that development bank, because I think that these are big loans that the Bindis is extending to them. voice-verified

And one would say outsize for a company of their size at that time. voice-verified

But they weren't nearly done yet. voice-verified

Over the next decade, JBS acquired more than 40 rivals on four continents. voice-verified

And when the US dollar was weaker, the brothers bought more American companies, including Smithfield Foods, for half a billion dollars. voice-verified

And they're about to spend half a billion again to acquire a US company called National Beef. voice-verified

But the deal fell through after antitrust challenges, that's competition concerns from the US Justice Department, who claimed the takeover would result in lower prices paid to cattle suppliers and higher beef prices for consumers. voice-verified

This means that when a company gets too big they start calling the shots on the terms which means that the suppliers of the beef get squeezed because you can't argue with this big colossus and it means that they can also have control of the pricing of the end product. voice-verified

Competition authorities around the world keep an eye on this kind of stuff. voice-verified

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