CHICAGO, July 2 The U.S. cattle feeding unit of
Brazilian meat giant JBS SA (JBSS3.SA) said it has reached a
deal to buy McElhaney Feedyard in Welton, Arizona, for $24
In a note on its website, JBS said the feedyard will be
part of its Five Rivers Cattle Feeding LLC unit. The feedyard
has a one-time capacity of 130,000 cattle and is near
JBS'Tolleson, Arizona, beef plant.
"As I have said before we are strong believers in the U.S.
livestock community and we will continue our efforts to bring
efficiencies to the sector for the benefit of all," JBS
director Wesley Batista said in a statement.
(Reporting by Bob Burgdorfer; editing by Jim Marshall)