Walmart to invest $257 million in beef-packing plant in Kansas

The facility will package and distribute cuts of the higher grade Angus beef from Sustainable Beef LLC. Walmart had acquired a minority stake in the ranch-based beef processing plant last year, which is expected to be functional in late-2024.

It is an important milestone for Walmart as it says it continues to build a more resilient supply chain and identify ways to increase access to high-quality Angus beef for its customers. The new facility will offer greater visibility into its supply chain, bolstering its capacity to fulfill demand for quality beef.

The company’s investment plans come at a time when consumers have been trading down to cheaper private labels due to high inflation.

Reuters