Where’s the Beef? Why Tyson Foods Is Shutting Down More Meatpacking Plants

Where’s the Beef? Why Tyson Foods Is Shutting Down More Meatpacking Plants

Tyson Shrinks Its Beef Footprint Amid Severe Cattle Supply Crunch If you have noticed beef prices climbing at the supermarket while reading headlines about meatpacking plants shutting down, you might be scratching your head. It seems completely backward, but it is the tough reality America’s protein giant is facing. Tyson Foods has announced it is ending operations at its long-standing beef harvest facility in Joslin, Illinois, and its packaging…

Tyson to Close More Beef Plants as Cattle Shortage Drags On

According to Bloomberg, “Tyson Foods Inc. is closing more beef plants as a prolonged cattle shortage continues to force the US beefpacking industry’s restructuring.

Texas Cattle Feeders React to Tyson Beef Restructuring Plans - Oklahoma Farm Report

Texas Cattle Feeders Association’s Statement on Tyson’s Plan to Close Plants and Anchor its Beef Business in the Central U.S.: “Today’s announcement from Tyson to centralize their beef packing capacity and close plants is reflective of the current situation in the packing industry, as they face reduced profitability and tight cattle supplies,” said TCFA Chairman

Cattle Look to Friday Trade as Tyson Announces Closure

Live cattle futures closed the Thursday session with contracts down $1.52 to $4.35 across the board. New selling interest was noted, with open interest up 3,259 contracts. There were no deliveries issued against August futures on Wednesday. Cash trade has been picked up with some $228-230 sales in the North....