This should make everything better. I have to wonder how much of this is due to illegals going home.
Feel bad for Lexington Nebraska though. That place is about to become a ghost town
Tyson Foods to close major US beef plant as cattle supplies dwindle
Tyson Foods will close a major beef plant in Lexington, Nebraska, with about 3,200 employees in January after U.S. cattle supplies dropped to their lowest level in nearly 75 years, the meatpacker said on Friday.
The closure in the heart of cattle-feeding country signaled that supplies will remain tight, forcing meatpackers to pay steep prices for cattle to process into steaks and hamburgers
Tyson said it will also reduce operations at a beef plant in Amarillo, Texas, to a single, full-capacity shift, affecting about 1,700 workers.
Tyson's beef business suffered adjusted losses of $426 million in the 12 months ended on September 27 and $291 million over the previous year. The meatpacker projected the unit will lose $400 million to $600 million in the 2026 fiscal year.
"We all expected a plant to be closed at some point in 2026," said Rich Nelson, chief strategist for Allendale. "I'm a little surprised they're doing it preemptively."
