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Walmart’s Brilliant Beef Move Could Make the Stock Sizzle
In reality, though, there’s more to last week’s announcement that Walmart (NYSE: WMT) is making an equity investment in a Nebraska beef processor owned by a consortium of cattle farmers. Walmart is acquiring a minority stake in Sustainable Beef, co-owned by several nearby cattle ranchers. Tyler Lehr, Walmart’s senior vice president for merchandising for deli services, meat, and seafood, said, “We are dedicated to providing high-quality, affordable beef to our customers, and an investment in Sustainable Beef LLC will give us even more access to these products.”
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