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Tyson’s Food announced on Friday that it will close a major beef plant in Nebraska in January to cut down on our beef supply.
The meatpacker is set to close a plant in Lexington, Nebraska, with about 3,200 workers. The company also said it would scale back operations a meat plant In amarillo, Texas, it is moving to a single, more comprehensive base in a move that will affect about 1,700 workers.
The change is expected to take effect around Jan. 20, and the company said it will increase production at other facilities to meet customer demand.
“The names of the names that recognize the effect of this decision will have members of the team and the community where we talk about some high positions and silver relays in the study of this submission in this statement,” the release continued in the purpose.
Beef prices hit record highs as western nations hit their lowest levels in 70 years
Terlon Foods covers a cattle plant in Lexington, Nebraska, Desid a drop in cattle medicine. (Dan Broulillette/Bloomberg via Image Image/Image Image)
The company added that the change will ensure that Tyson’s food can “continue to deliver high-quality, nutritious, and nutritious food to customers.”
The Lexington facility can process about 5,000 animals per day, or about 5% of the total walap, but Web’s carit is in doubt, said to be in Reutasher’s field.
The price of beef has been reduced this year as cattle investment declined to the lowest level in 70 years, which has been driven by higher consumer prices.
Beef prices are near record highs – but Americans aren’t cutting back
| Iraq | Security | handyman | succeed | % change |
|---|---|---|---|---|
| Mr | Tyson Foods Inc. | 57.20 | +3.52 | + 6.55% |
Cattle ranchers have reduced their herds because drought affects the main ranching area In recent years, though, some are still lagging behind. It takes at least two years to raise the animals.
Bureau of Statistics walo reported in the industry price series (CPI) which beef and veal prices are long about 14.7% until the year. The price for ground beef rose 12.9% last year, while the cost of Toype meat reached 18.4% and the price of cattle 16.6% during that period.
This character general inflationwhich rose 3% in the last year, so the second price, which rose 3.1% from a year ago as in September.
Trump of Data Data to investigate meat companies
Ostijaku Sirah has declined to its lowest level in 70 years as drought affects key ranching areas. (Melissa Phillip/Houson Blion/Getty Images/Images)
The organized beef business reported a loss of $426 million in the 12 months that ended on September 27 and $291 million over the past year. Bitheler said the unit will lose $400 to $600 million in fiscal year 2026.
The loss came though Strong demand from customersthose who see the price can increase to buy beef.
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Americans spent over $40 billion on fresh beef in 2024, which made up over half of all fresh-meat sales, according to data from Beef Research, a contractor to the National Cattlemen’s Beef Association.
Reuters contributed to this report.
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