JBS USA to close Philadelphia and Memphis beef plants, cut 2,000 jobs

JBS USA said it will shut its beef operations in Philadelphia and Memphis, eliminating 2,000 jobs. The company said the closures are part of a consolidation of its beef and case-ready businesses aimed at improving efficiency and productivity. Industry estimates put JBS at about 20% of U.S. cattle and hog slaughter capacity, and it is among four companies that process about 85% of the nation’s grain-fed cattle. The move comes as U.S. beef prices have risen while JBS reported a wider first-quarter 2026 net loss of $279 million.