00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tyson Foods said Thursday it will close beef facilities in Joslin, Illinois, and Eagle Mountain,
00:09Utah, while considering the sale of a plant in Pasco, Washington, as it restructures amid a
00:14historic U.S. cattle shortage, according to Benzinga. The company plans to shift processing
00:20capacity to plants in Nebraska, Kansas, and Texas, and restore a second shift at its Amarillo
00:25facility as cattle supplies improve. U.S. cattle supplies have fallen to a 75-year low
00:31following prolonged drought and suspended cattle imports from Mexico. Tyson also closed a Nebraska
00:36beef plant earlier this year. The company expects its beef business to post an adjusted operating
00:41loss of $500 million to $650 million in fiscal 2026 as livestock costs rise. For all things money,
00:49visit Benzinga.com.
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