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JBS Shuts Down Major US Beef Plants: What It Means for Meat Stocks #NASDAQPPC #NYSEJBS #NYSETSN
JBS is closing its Souderton, PA, and Memphis beef plants, impacting 1,693 jobs as cattle supplies tighten and beef prices surge—already up 14.8% year-over-year with another 12.1% jump expected. With JBS’s US beef unit reporting a negative EBITDA and rivals like Tyson also downsizing, packer margins are shrinking. Investors should watch for ...
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