JBS Greeley Plant Resumes, Beef Spreads Dip

JBS's Greeley, Colorado beef plant ends three‑week strike, workers to return Tuesday after union UFCW press release.
Morgan Stanley expects US beef spreads to partially pull back as JBS ramps up 5,000‑head daily capacity, representing ~5% industry.
Beef spreads rose from a February low of –$140 per head to about $390 per head, with last week around $250.
Analysts note strike reduced slaughter demand, lifting beef cutout prices, and warn near‑term margin pressure for JBS and Marfrig.