JBS announced plans to close one of its facilities outside of Los Angeles, California. Cattle Range Dot Com said the plant prepares beef for sale in U.S. grocery stores. The world’s largest meat company announced the closure late last week. JBS is closing down its Swift Beef Company facility in Riverside, California, on February 2, which will eliminate 374 jobs. This particular plant doesn’t actually slaughter cattle but instead processes beef for sale in grocers’ meat cases, which means the facility isn’t shutting down due to low cattle supplies driving up the costs of paying for cattle ready for slaughter. Bloomberg said the USDA lowered its estimates for cattle prices through 2026, citing reduced slaughter plant capacity into early next year. Tyson, the country’s biggest meatpacker, said it will end operations at a beef plant in Nebraska and cut operations at a plant in Texas down to a single shift.
NAFB News Service
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