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Iowa Beef Processors, Inc., later became IBP, Inc. Occidental Petroleum owned IBP from 1981 to 1987, and was the majority owner from 1987 to 1991. [2] [3] [a] IBP was acquired by Tyson Foods in 2001 for US$3.2 billion in cash and stock. [8] Tyson continues to use the IBP name as a brand for its commodity beef and pork products. [9]
Randalls Food & Drug L.P. is an American supermarket chain which operates 32 supermarkets in Texas under the Randalls and Flagship Randalls banners. The chain consists of 13 stores located around the Houston area and 15 stores located around the Austin area as of May 2020. [2]
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In the United States, USDA regulations stipulate that AMR machinery cannot grind, crush, or pulverize bones to remove edible meat tissue, and bones must emerge intact. The meat produced in this manner can contain no more than 150(±30) milligrams of calcium per 100 grams product, [5] as calcium in such high concentrations in the product would be indicative of bone being mixed with the meat.
National Beef is the U.S.'s fourth largest beef processor, with sales exceeding $7 billion annually. [15] National Beef products are available to national and regional retailers, including supermarket chains, independent grocers, club stores, wholesalers and distributors, foodservice providers and distributors, further processors and the U.S. military. [16]
As of June 2009, about 2.9% of carcasses grade as Prime. [2] Choice is the most common grade sold in retail outlets, and represents roughly half of all graded beef. Select is sold as a cheaper, leaner option in many stores and is the lowest grade typically found for consumer purchase as a steak.
On July 12, 2007, JBS purchased Swift & Company in a US$1.5-billion, all-cash deal. The acquisition made the newly consolidated JBS Swift Group the largest beef processor in the world. Prior to the deal, JBS had a market capitalization of US$4.2 billion and sales revenue of $2.1 billion, and operated in 23 plants in Brazil and five in Argentina.
In many countries, food laws define specific categories of ground beef and what they can contain. For example, in the United States, beef fat may be added to hamburger but not to ground beef if the meat is ground and packaged at a USDA-inspected plant. [note 1] In the U.S., a maximum of 30% fat by weight is allowed in either hamburger or ground ...