JBS expands Utah plant as tight cattle supply squeezes rivals

JBS USA, one of the top U.S. meat processors, said on Thursday it will expand a Utah beef-processing facility, even as some of its rivals have been shuttering plants because of tight cattle supplies. The $75 million project, set to be completed by mid-2016, signals JBS is looking beyond the current lack of supply to a time when producers will begin rebuilding cattle herds, which have dropped to their smallest size since 1951 after several years of drought. Read more at Reuters…