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Brazil beef giant eats into U.S.

  • Story Highlights
  • NEW: JBS also planned to acquire Smithfield's beef business, WSJ reports
  • NEW: Deals would make JBS the largest meat processor in the U.S., WSJ reports
  • Deal means "more geographically diversified company," says USPB CEO
  • National Beef processed almost 4 million head of cattle last year
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