Brazil's JBS, the world's largest meat company, now controls 25 per cent of Australia's beef industry after buying Australian Meat Holdings, Tasman Group, and Rockdale Beef between 2007 and 2010.

Australia's second largest beef processor, Teys Bros, merged with Cargill Australia's beef division in 2011 creating a joint venture which controls another 21 per cent. Cargill, the world's largest grain trader, second largest meat packer, and USA's largest private corporation, also bought AWB (Australian Wheat Board) in 2011.

JBS and Cargill have both been criticised for clearing Amazon rainforest to produce soy for animal feed.