Sale of World’s Largest Cattle Feeder JBS Five Rivers Finalized

The world's largest cattle feeder has officially been purchased by Pinnacle Asset Management for $200 million. ( Wyatt Bechtel )

The sale of the world’s largest cattle feeder has been finalized for approximately $200 million. Pinnacle Asset Management, L.P. and JBS USA announced the acquisition of Five Rivers Cattle Feeding was completed on March 16. Five Rivers will continue to supply cattle to JBS USA beef processing plants as part of a long-term agreement in conjunction with the sale agreement.

The sale of Five Rivers was originally made public on Jan. 17, but was pending approval from JBS, Pinnacle Asset Management and a U.S. regulatory review. With all of those parameters met the deal has been finalized.

Five Rivers Cattle Feeding is the largest cattle feeder in the world with an estimated total feeding capacity of 980,000 head of cattle. The feeding operation traces its roots back to the 1920s with the Monfort family and now has yards in Arizona, Colorado, Idaho, Kansas, Oklahoma and Texas. There are 11 feedlots total.

Pinnacle Asset Management was founded in 2003 and is a New York-based asset management firm focused on global commodity markets. Pinnacle Asset Management is retaining the current management team from Five Rivers which includes CEO Mike Thoren, helping make the transition more seamless.

“This is an exciting milestone in Five Rivers’ long history and a testament to the more than 600 skilled professionals who comprise the Five Rivers team,” Thoren says.

Thoren adds that he is pleased to be continuing the relationship with JBS as the beef packer will be supplied by Five Rivers.

Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle Asset Management, is happy the transaction has been completed and believes there are “significant opportunities for growth” at Five Rivers.

“We look forward to working closely with Mike and his talented team to build upon Five River’s position as the leading cattle feeding operation in the world. Additionally, this transaction furthers Pinnacle’s mission to develop a diversified, global, physical commodity platform,” Kellman says.

Joradan Levi, managing member of Arcadia Asset Management and co-founder of the Fed Cattle Exchange, is also excited to partner with Pinnacle, Ospraie Management and Five Rivers.

“Five Rivers has bright future and on behalf of Arcadia, we are proud to be involved with this tremendous business,” Levi says.

JBS’s sale of Five Rivers Cattle Feeding is part of a divestment program that was announced last summer.

The divestment of $1.8 billion from JBS S.A. holdings started after the Batista brothers, majority owners JBS’s holding company J&F Investimentos, were assessed a leniency fine. The fine of $3.2 billion was for their involvement in a bribery scheme with Brazilian government officials and politicians. Following the bribery scandal Wesley and Joesley Batista were both formally accused of insider trading by Brazilian police. The bothers allegedly made illegal trades prior to arranging a plea deal for their admission to bribery.  

As part of the divestment plan JBS also sold off Five Rivers Cattle Feeding in Canada which included a 75,000 head feedlot and sold for nearly $40 million.

This is the second major shakeup to a large U.S. packer-feedlot operation in the past year. In April 2017, Cargill sold its two remaining feedlots to Green Plains Inc. With the sale of Five Rivers finalized it means that none of the three largest beef packers (JBS, Tyson Foods and Cargill) have ownership of a cattle feeding operation.

Below is an interactive map showing all of the Five Rivers Cattle Feeding lots across the country. Click the map to visit the JBS site to learn more about each feedlot:

JBS Feedlot Map


Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
11 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
Submitted by Paul on Wed, 03/21/2018 - 08:00

Now will someone perform maintenance on grain receiving at these hell holes?!?!

Submitted by Statistics Homework Help on Thu, 03/29/2018 - 05:44

Good way of telling, good post to take facts regarding my presentation subject matter, which i am going to deliver in my college Statistics Homework Help

Submitted by Operations Management Homework Help on Thu, 03/29/2018 - 05:44

My friend recommended this blog and he was totally right keep up the fantastic work! Operations Management Help

Submitted by Sociology Homework Help on Thu, 03/29/2018 - 06:12

My friend recommended this blog and he was totally right keep up the fantastic work! Sociology Homework Help

Submitted by Statistics Project Help on Thu, 03/29/2018 - 06:13

This is really a great stuff for sharing. Keep it up .Thanks for sharing.
Statistics Project Help

Submitted by Programming Assignment Help Online on Thu, 03/29/2018 - 06:34

I appreciate your efforts in preparing this post. I really like your blog articles.
Programming Assignment Help Online

Submitted by R Homework Help on Thu, 03/29/2018 - 06:35

Dissertation Guidance Provides quality Online Dissertation Help for students.
R Homework Help

Submitted by Programming Assignment Help on Thu, 03/29/2018 - 06:35

This a good way to appreciate the teacher as they put their efforts to train students. UK dissertation Writers appreciates the teachers. Programming Assignment Help

Submitted by Content Writing Services on Thu, 03/29/2018 - 06:58

Science Channel’s are giving a complete knowledge to its viewers about every thing students write done dissertation on this subjects and show its importance.
Content Writing Services

Submitted by Economics Assignment on Thu, 03/29/2018 - 06:58

I personally like your post, you have shared good article. It will help me in great deal.
Economics Assignment

Submitted by Assignment Help on Fri, 06/15/2018 - 02:33

Our expert guides dependably work in a state of harmony with the necessities given to us, and this makes our task arrangement a perfect one. We provide best Assignment Help.

Submitted by Reviews on Fri, 06/15/2018 - 05:06

Allassignmenthelp best for assignment writing and always provide top-quality paper. We at Top Quality Assignment believe that there is no shortcut to success and to attain success, hard work, dedication, and commitment must be Reviews best in writing unique assignment.

Submitted by Global assignment help on Thu, 06/28/2018 - 02:55

Students Assignment Help offer the expert teams of professional writers who cater global assignment help outstandingly. Our assignment writers have earned their degrees from top universities and are always ready to assist students.