Walmart announces equity investment in Sustainable Beef LLC to provide more affordable, high-quality beef to shoppers

Walmart and Sustainable Beef LLC will work together to increase visibility in the beef supply chain and help producers grow their business

walmart and Sustainable Beef LLC announced today that Walmart has signed an agreement to acquire a minority stake in Sustainable Beef LLC, a rancher-owned company based in North Platte, Nebraska. Walmart’s equity investment is part of a larger strategic partnership to source premium Angus beef from Sustainable Beef LLC’s new beef processing plant. This partnership helps complement the current beef industry and provides producers with additional opportunities to increase their business. As part of the investment, Walmart will also be represented on the board of directors of Sustainable Beef.

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Walmart’s investment will help Sustainable Beef LLC open its beef processing plant in North Platte, Neb. The facility is expected to start next month and open by the end of 2024, creating more than 800 new jobs. Walmart’s work with Sustainable Beef LLC will create more capacity for the beef industry.

“At Walmart, we are committed to providing high quality, affordable beef to our customers, and an investment in Sustainable Beef LLC will give us even more access to these products,” said Tyler Lehr, senior vice president of merchandising. for Deli, Meat and Seafood Services, Walmart US “We know that Sustainable Beef LLC takes a responsible approach to beef processing, which includes creating long-term growth for livestock producers and farmers family. This investment provides greater visibility into the beef supply chain and complements Walmart’s regeneration commitment to improve pasture management.

Sustainable Beef LLC will work with cattle feeders and growers to understand critical elements of the supply chain cycle, such as grain sourcing and pasture management. Animal care will follow the five freedoms, and there will be a consistent approach to antibiotic use and reporting across all herds, in accordance with Walmart’s Stance on Antibiotics in Animals, which requires providers to adopt and implement the American Veterinary Medical Association’s principles of judicious use of antimicrobials. All of these components will help Sustainable Beef LLC improve and refine the beef supply chain to deliver quality beef to our customers.

“We embarked on a journey two years ago to create a new beef processing plant to add some capacity to the industry and give producers an opportunity to integrate their beef cattle business. quality to the beef processing portion of the industry and to do it in a sustainable way,” said David Briggs, CEO of Sustainable Beef LLC. “During this journey, we have seen Sustainable Beef and Walmart align to continue to improve how we care for our animals and crops and provide consumers with the positive experience of enjoying quality beef. quality.”

Walmart’s investment in Sustainable Beef LLC is the latest step in the retailer’s commitment to increase access to high quality beef at an affordable price for its customers, while increasing the capacity of the beef industry and ensuring the long-term economic viability of cattle producers.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better – anytime, anywhere – in retail stores, online and through their mobile devices. Each week, approximately 230 million customers and members visit more than 10,500 stores and numerous e-commerce sites under 46 banners in 24 countries. With revenue of $573 billion in fiscal 2022, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting https://corporate.walmart.comon Facebook at https://facebook.com/walmart and on Twitter at https://twitter.com/walmart.

About Sustainable Beef LLC

Based in North Platte, Nebraska; Sustainable Beef is building a 1,500 head-per-day beef processing plant that will employ more than 800 employees and provide farmers with the opportunity to participate in a cooperative hybrid model.

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