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JBS plans to reopen Nebraska beef plant damaged in fire

By Tom Polansek CHICAGO (Reuters) - JBS USA on Monday halted production at a Nebraska beef plant that slaughters about 5% of U.S. cattle due to a fire, but said the company...
JBS plans to reopen Nebraska beef plant damaged in fire © Reuters. FILE PHOTO: A worker spreads salted meat which will be dried and then packed at a plant of JBS S.A, the world's largest beef producer, in Santana de Parnaiba, Brazil December 19, 2017. REUTERS/Paulo Whitaker/File Photo

By Tom Polansek

CHICAGO (Reuters) - JBS USA on Monday halted production at a Nebraska beef plant that slaughters about 5% of U.S. cattle due to a fire, but said the company expects to resume operations on Tuesday.

The temporary closure highlighted concerns among U.S. lawmakers and ranchers that the United States is vulnerable to supply disruptions because a handful of meatpacking companies dominate the sector and rely on large plants to produce food.

The country has suffered a series of beef supply shocks over the past two years as large plants closed due to the COVID-19 pandemic, a cyberattack that crippled JBS's operations, and another fire that shut a Tyson Foods Inc (NYSE:TSN) plant in Kansas for months.

The JBS fire in Grand Island, Nebraska, did not impact the plant's "primary production areas," spokesperson Nikki Richardson said. The company, a subsidiary of Brazilian firm JBS SA (OTC:JBSAY), expects to resume operations on Tuesday pending an ongoing assessment of the situation, she said.

The blaze burned a hole in the roof of the part of the plant that handles rendering, and damage is confined to the rendering area, said Cory Schmidt, chief of the Grand Island Fire Department.

"Fortunately, JBS is very modular so if one area has an issue, for the most part it doesn't affect the other areas," he said.

The plant has the capacity to slaughter 6,000 cattle a day, according to a daily livestock report from Steiner Consulting Group. Meatpackers slaughter about 120,000 cattle per day nationwide.

"This year, processing capacity has already been squeezed by COVID disruptions and labor availability and the industry can ill afford losing a big processing plant like this," Steiner Consulting said.

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28-09-2021 05:39:03 (UTC+7)

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 EUR/USD1.1696Neutral
 GBP/USD1.3704↑ Buy
 USD/JPY110.99Sell
 AUD/USD0.7287↑ Sell
 USD/CAD1.2627↑ Sell
 EUR/JPY129.82Neutral
 EUR/CHF1.0827↑ Sell
 Gold1,750.85↑ Buy
 Silver22.642Neutral
 Copper4.2790↑ Sell
 Crude Oil WTI75.45↑ Buy
 Brent Oil78.62↑ Buy
 Natural Gas5.902Sell
 US Coffee C194.98↑ Buy
 Euro Stoxx 504,165.48↑ Sell
 S&P 5004,443.11↑ Sell
 DAX15,573.88↑ Sell
 FTSE 1007,063.40↑ Sell
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,281.79↑ Sell
 IBEX 359,002.90Buy
 BASF64.740↑ Sell
 Bayer47.47↑ Buy
 Allianz196.19↑ Buy
 Adidas278.80↑ Sell
 Lufthansa6.561↑ Buy
 Siemens AG147.27↑ Sell
 Deutsche Bank AG11.120↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(0/ 0) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 28-09-2021 05:39:05
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RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
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Dầu hỏa1564015950
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
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EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 18:54:42 27/09/2021
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