Reuters gives insight into how stung by pandemic and JBS cyberattack, U.S. ranchers build new beef plants - Reuters News Agency
Business & FinanceEnvironment

Reuters gives insight into how stung by pandemic and JBS cyberattack, U.S. ranchers build new beef plants

Reuters took readers on a deep dive into how U.S. cattle ranchers and investors are sinking hundreds of millions of dollars into new beef plants after temporary closures of massive slaughterhouses at the start of the COVID-19 pandemic left farmers with nowhere to send animals destined to be turned into meat. The shutdowns of some of the biggest U.S. slaughterhouses led to limits on consumers’ purchases at grocery stores and a decline in frozen inventories that processors have yet to replenish.

Article Tags
Topics of Interest: Business & FinanceEnvironment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Mobile butcher Gerrit vande Bruinhorst works on a beef carcass as part of his business which allows farmers to circumvent the supply chain blockage caused by coronavirus disease (COVID-19) outbreaks at meatpacking plants, in Picture Butte, Alberta, Canada June 17, 2020. Picture taken June 17, 2020.  REUTERS/Todd Korol
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