JBS Boosts Ground Beef, Wagyu Steak Production to Stem Beef Losses
Meatpackers like JBS and Tyson Foods are being squeezed by the lowest U.S. cattle supply since the 1950s
JBS, the largest beef processor in the U.S., is leaning into the pricier Wagyu and expanding ground-beef production to help cope with rising cattle costs.
Meatpackers like JBS and Tyson Foods are being squeezed by the lowest U.S. cattle supply since the 1950s. It is driving their beef costs to record levels, and leading to hundreds of millions of dollars in...
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