JBS USA announced plans to expand its beef plant in Hyrum, Utah. The $75 million project will allow the plant to become more efficient and expand its portfolio of beef and ground beef products, Reuters reports.

The company said it plans to complete the expansion in the spring of 2016. More cattle are projected to come to market by then as producers rebuild the herd. The 79-year-old plant processes nearly 500,000 cattle per year, and the expansion will increase production by more than 400 head per day, JBS said in a statement.

Source: Reuters