www.bloomberg.com
Tyson Foods is closing its beef plant in Omaha, Nebraska, and reducing operations at a Texas facility due to significant financial losses. These cutbacks are a direct result of the shrinking American cattle herd, which has reached its lowest level in decades. The reduced supply of cattle is driving up costs and impacting Tyson’s profitability in its beef processing operations. This consolidation reflects the challenges faced by meat producers due to current market conditions in the cattle industry.
