The equity investment is part of a broader strategic partnership to source top-quality angus beef from Sustainable Beef LLC's new beef processing facility.
The partnership is expected to help supplement the beef industry and provide additional prospects for ranchers to increase their business.
As part of the investment, Walmart will also have representation on Sustainable Beef's board.
Walmart's investment will help Sustainable Beef LLC open a beef processing facility in North Platte, Nebraska.
The facility is expected to open by late 2024 and create more than 800 new jobs.
Price Action: WMT shares are trading higher by 0.12% at $132.65 on the last check Wednesday.
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