U.S. Meat Producer Says Shortage May Last for Months
The meat shortage that's led fast-food chain Wendy's (NASDAQ: WEN) to begin removing burgers from menus at some of its restaurants will last for months, according to JBS (OTC: JBSAY), one of the biggest producers of beef and pork products.
Andre Nogueira, CEO of the Brazilian meat processor, which has production facilities in Colorado, Minnesota, Pennsylvania, and Wisconsin, and supplies nearly a quarter of the country's beef and one-fifth of its pork, told The Wall Street Journal the health and safety measures it implemented in response to the COVID-19 pandemic means "we will not be able to go to full capacity anytime soon."
Image source: Getty Images.
Source Fool.com
