Beef Tallow (Technical/Inedible Grade)

US subsidiary of JBS S.A. (Brazil) — the world's largest protein company. JBS USA handles beef (Greeley CO, Cactus TX, Grand Island NE, Hyrum UT) and pork (Worthington MN, Marshalltown IA). ~20% of US beef packing. JBS S.A. controlled by the Batista family, who pled guilty to massive bribery of Brazilian officials in 2017 (Operação Carne Fraca / Operation Weak Flesh); JBS paid $3.2B in leniency agreement. The US Justice Department separately resolved JBS USA-related corruption charges in 2020. JBS is simultaneously a major US food infrastructure company and the subject of one of Brazil's largest corporate corruption cases.

NYSE-listed animal by-products rendering and recycling company; revenue $6.13B TTM (2025). Natural casings division operates under the CTH (Combinatie Teijsen Van Den Hengel) brand — a historic Dutch natural casing company acquired by Darling. CTH is one of the world's largest natural casing traders/processors. Darling also owns Diamond Green Diesel (50/50 JV with Valero — world's largest renewable diesel plant in Norco, Louisiana). Darling processes animal fat, protein, blood, feathers, and casings from slaughterhouses globally into fuel, feed, and food ingredients.

Largest US meat company by revenue (~$52B in FY2024); world's second-largest chicken producer. Processes beef, pork, and chicken. Key brands: Jimmy Dean, Hillshire Farm, Ball Park, State Fair, Tyson. ~20% of US beef processing; ~15% of US pork processing. Holcomb, KS plant (6,000 cattle/day, 5-6% of US beef) suffered a catastrophic fire in August 2019, shutting down for ~5 months. Dakota City, NE is one of the world's largest pork plants. Tyson is also closing multiple US chicken plants and moving production to lower-cost markets.

Third-largest US beef packer (~18% of US beef processing). Major hide-generating facilities in Schuyler NE (~4,800 head/day) and Fort Morgan CO (~4,000 head/day, undergoing $90M automation upgrade). Cargill closed its Milwaukee plant early 2026 as US cattle inventory hit 73-year low. Part of Cargill Inc. (largest private company in the US by revenue).

4th largest US beef packer; ~10-12% of US beef processing. Major plants at Liberal, KS (one of the largest US beef plants) and Dodge City, KS. Owned by Marfrig Global Foods (Brazil) — the world's 4th largest beef company. Two of the US's Big 4 beef packers (JBS, National Beef) are owned by Brazilian companies; together with Cargill (US, private), they process ~85% of US beef. National Beef also owns Kansas City Steak Company (premium retail) and Bravada International (tallow/technical products).

German animal by-products rendering and organic recycling company; parent of Devro since April 2023. SARIA processes animal by-products from European slaughterhouses — blood, bone, hide, feathers, carcasses — into rendered products (tallow, animal feed, biofuels, pet food, gelatin). SARIA's acquisition of Devro is strategically vertical: SARIA collects bovine hides and collagen-rich by-products from European slaughterhouses, and Devro converts that bovine corium into edible collagen casings. Owned by the Rethmann Group (German private family conglomerate; also owns Remondis, one of Europe's largest waste management companies).