JBS to Close Pennsylvania Beef Plant Amid Cattle Shortage
JBS said the closures follow investments in newer facilities and a 75-year low U.S. cattle herd that is squeezing meatpackers.
- On Friday, JBS USA announced it will close its beef processing facility in Souderton, Pennsylvania, and a value-added plant in Memphis, Tennessee, citing modernization and long-term competitiveness.
- These closures reflect a 75-year low in the U.S. cattle herd, driven by drought and high feed costs that have forced ranchers to cull animals and pressured processors to cut capacity.
- The Souderton facility employs more than 1,700 workers, and Wendell Young IV, president of UFCW Local 1776, said the union is "working around the clock" to keep the plant open.
- Production from affected sites will shift to other plants, JBS USA CEO Wesley Batista Filho said, as the company expands prepared foods operations in Texas, Georgia, and Iowa.
- Citi Research analysts Renata Cabral and Luis Felipe Terzariol said capacity reductions are "the most likely mechanism for industry rebalancing," while JBS shares rose 2.9% on June 12 to the highest price in two weeks.
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The Epoch Times
JBS to Close 2 US Facilities as Beef Consumption Drops
JBS, the world’s largest meat-processing firm, announced on June 12 that it will close two of its plants in the United States—a beef production facility in Souderton, Pennsylvania, and a value-added facility in Memphis, Tennessee. According to the Pennsylvania Department of Labor and Industry’s WARN Notices page, the Souderton plant will be officially closed on Aug. 14, affecting 1,485 workers. The Memphis plant produces packaged and prepared m…
Pa. meatpacking plant to close, company says:
A meatpacking plant in Montgomery County will soon close, as the company says it’s looking to invest in other parts of the country. JBS announced on Friday it intends to close its beef-packing facility in Souderton, as well as another plant in Memphis, Tennessee.
JBS Shuts Two US Meat Plants as Cattle Run Short
Brazil · Business Key Facts —The announcement. JBS will close two of its facilities in the United States. —Where. A beef plant in Souderton, Pennsylvania, and a value-added plant in Memphis, Tennessee. —The scale. The Pennsylvania plant employs about 1,700 people and can process some 2,000 cattle a day. —The cause. A US cattle shortage […] The post JBS Shuts Two US Meat Plants as Cattle Run Short appeared first on The Rio Times.
JBS is closing a beef factory in Pennsylvania, at the latest sign of the pressure faced by the refrigerators in the midst of the severe shortage of cattle in the US. In addition to the beef production unit in Souderton, Pennsylvania, the world's largest beef supplier also reported that it will close the operations of a higher value-added beef factory in Memphis, Tennessee, responsible for the packaging of different proteins. The closures occur a…
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