Sara Lee (SLE) has been in discussions to sell itself to Brazilian meat company JBS.
Talks have been taking place intermittently for several months, Reuters reported without naming its sources. The companies have disagreed over the price of food beverage company Sara Lee and it is not clear that they can reach a deal.
Hoping to stop more small ranches from failing, the Obama administration has proposed a new antitrust rule. But ranchers are divided about whether it will help or hurt them. At a workshop Friday, some argued the rule could end up reducing their earnings.