UPDATE 1-Walmart creates Angus beef supply chain, cutting out meat processors [Reuters]
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Source: Reuters
UPDATE 1-Walmart creates Angus beef supply chain, cutting out meat processors - Reuters 4 Min Read (Recasts throughout; adds reaction, background, Tyson comment) By Tom Polansek April 24 (Reuters) - Walmart Inc is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely competitive grocery industry. The world’s largest retailer said on Wednesday that the move would allow it to ensure supplies of quality Angus beef and meet demands from customers who want to know the origin of their meat. Normally, Walmart would buy Angus beef from companies like Tyson Foods Inc and Cargill Inc. Walmart has now arranged to source cattle from Texas rancher Bob McClaren of Prime Pursuits and 44 Farms, who said the retailer will sell no-hormones-added Black Angus beef. The cattle will be fed at a feedyard that specializes in avoiding hormones, slaughtered in Kansas and packaged in Georgia
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