The Premium Beef plant operated for a little more than a year before closing its doors, after the rabbi who oversaw the preparation of the meat died. Cannon's chief of staff, Joe Hunter, said that the assets of the business were liquidated and Cannon repaid the loan to the Nebraska bank in 2001. The plant was sold to a Hasidic Jewish sect that took several years but finally reopened it in 2005. Ruse, who left the bank, was hired as manager for the reopened plant.