Cattle Supply Shortage
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Tyson Foods to close Nebraska plant as it faces $600 million loss in beef business
Yahoo Financeยท 2025-11-21 21:43
Tyson Foods (TSN) is closing a beef production plant in Nebraska and paring operations at another as the outlook for the industry remains challenged amid tighter cattle supply and soaring prices. The meat-processing giant announced on Friday plans to close one beef facility in Lexington, Neb., and will also lower production at its beef plant in Amarillo, Texas. To meet demand, it plans to increase volumes at its other beef facilities. The company said earlier this month it expects losses in its beef bus ...