If approved, the company would pay $8 million toward the direct purchaser lawsuit.

A US District Court said buyers of the company’s beef from fed cattle since 2015 are potentially part of the settlement class.   

The company said it is committed to eliminating deforestation and protecting human rights.

The company announced plans to add 39 barns to its operation.

The products may be contaminated with extraneous materials, FSIS said.

Vipul Soni brings more than 25 years of experience to the position.

USMEF said the six-year deal is “tremendous news’ for red meat exporters and their customers.

Competitor GOOD Meat received the same approval on June 8.

The combined company will operate as Bunge, increasing its status as an agribusiness giant.