OMAHA (DTN) -- Late this summer, expect to see a ground-breaking for a new beef processing facility in Warren County, Missouri. That announcement came from American Foods Group, which reported it had secured final financial backing and is ready to start construction on the operation this summer. The plan is to have the facility running by the end of 2024.
This new processor is estimated to cost about $450 million and have a daily capacity of 2,400 head of cattle. Size is reported at 500,000 square feet, with the location near Foristell. More than 1,300 employees would be on the payroll. The new plant's economic impact for the local economy and the state of Missouri was estimated at $1 billion.
President and COO of American Foods Group Van Lannen issued a statement with the announcement in which he noted, "Consumer demand for beef is growing, and we are investing in this project to fill an industry need for additional hook space while meeting the needs of our partners, customers, and consumers."
American Foods Group, based out of Green Bay, Wisconsin, reports on its website that it processes over 1.5 million pounds of fresh ground beef every day. They specialize in custom meat products for retailers, including steaks, prime rib, hot dogs, and brats. The organization says it currently employs over 4,500 workers across the country and has been privately held and family run for more than 70 years.
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