The Beef Industry's Perfect Storm: A Recipe for Economic Pain The recent announcement by Tyson Foods to close two beef plants and sell a third serves as a stark reminder of the perfect storm brewing in the US meat industry.
Amidst an ongoing cattle shortage, the nation's largest beef processor is retreating from parts of its operations, leaving many to wonder what this means for both producers and consumers.
The decision to shutter facilities in Joslin, Illinois, and Eagle Mountain, Utah, is not surprising given the company's assertion that a limited cattle supply is straining its production capabilities.