Reading Time: 2 minutes 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.
Tyson Foods to close major US beef plant as cattle supplies dwindle
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Tyson Foods to close U.S. beef plant as cattle supplies dwindle
Reading Time: < 1 minute Tyson Foods will close a beef plant in Lexington, Nebraska, with about 3,200 employees after U.S. cattle supplies dropped to their lowest level in nearly 75 years, the meatpacker said on Friday.
Tyson, Cargill to pay $88 million to consumers in U.S. beef price-fixing lawsuit
Reading Time: 2 minutes Tyson Foods and Cargill have agreed to pay a combined $87.5 million (C$122.1 million) to settle a federal lawsuit brought by consumers who accused the companies of conspiring to inflate U.S. beef prices by restricting supply.
U.S. cattle producers have started rebuilding herds, or will soon, Tyson Foods CEO says
Reading Time: < 1 minute 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.
Tyson lifts 2025 sales forecast, prepares for tariff impacts
Strong demand for beef and chicken
Reading Time: 2 minutes U.S. meatpacker Tyson Foods raised its annual sales forecast on Monday as strong demand for beef and chicken helped it exceed first-quarter results estimates, lifting shares three per cent.
Tyson Foods to close Kansas meat plant, cutting more than 800 jobs
Reading Time: < 1 minute Tyson Food will permanently close a meat plant in Emporia, Kansas, that employs more than 800 people, according to a letter the company sent to the state on Monday.
Return of US drought delays cattle-herd rebuilding, hurting Tyson Foods
Reading Time: 2 minutes The return of drought in U.S. cattle-producing areas is delaying ranchers' plans to expand production after the nation's herd shrank to its smallest level in seven decades, farmers and analysts said.
McDonald’s sues major beef producers in US price-fixing lawsuit
Reading Time: 2 minutes Reuters – McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices. McDonald’s said in a lawsuit filed on Friday in Brooklyn federal court that the meatpackers, also including Cargill […] Read more
Green group sues Tyson Foods for allegedly false climate claims
Reading Time: < 1 minute An environmental group is suing U.S.-based meat processor Tyson Foods for allegedly misleading consumers by saying it will reach net-zero emissions by 2050 and marketing climate-friendly beef without meaningful plans to achieve those goals.
Tyson Foods shares sink on worries over consumer demand, third quarter
Reading Time: 2 minutes Reuters – Tyson Foods TSN.N shares were on track for their worst one-day decline in a year on Monday after the U.S. meatpacker warned that consumers are under pressure from persistent inflation and high commodity costs could weigh on upcoming results. The Arkansas-based meatpacker reported second-quarter sales that fell short of analysts’ estimates, though profits […] Read more
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