Tyson Responds To Beef Shortage With "Hard" Push Into Chicken Production
4 Articles
4 Articles
Tyson Responds To Beef Shortage With "Hard" Push Into Chicken Production
Tyson Responds To Beef Shortage With "Hard" Push Into Chicken Production Speaking at the BMO Global Farm to Market Conference in New York, Tyson Foods CEO Donnie King said the U.S. cattle industry appears to be in the early stages of a rebuilding cycle, with the national herd size hovering near 70-year lows. In response to alarmingly low herd levels pushing cattle futures in Chicago to record highs, King noted Tyson plans to ramp up chicken prod…
US cattle producers have started rebuilding herds, or will soon, Tyson Foods CEO says - Regional Media News
CHICAGO (Reuters) – U.S. cattle producers have started rebuilding the nation’s herd or are close to doing so, Tyson Foods CEO Donnie King said on Wednesday, after supplies dwindled to a 74-year low. Tight cattle inventories have driven up beef prices for U.S. consumers and forced meatpackers, including Tyson and rivals like Cargill and JBS, to pay more for livestock to slaughter. Farmers slashed their herds by sending more animals to slaughter i…
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