Tyson Foods IncTSN
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Tyson announces plant closures and reduced processing capacity, reducing demand for cattle and pressuring its operations.
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Consumer Staples
Tyson Foods IncLive cattle futures closed lower on Thursday with contracts down $1.52 to $4.35 across the board, while Tyson announced it will shut its Joslin, Illinois plant and sell its Pasco, Washington plant. The Joslin plant processes 3,000 head per day and the Pasco plant 2,000 head per day, and Tyson also said its Amarillo, Texas plant will ramp up production after cutting back kill last fall. Cash trade included some $228 to $230 sales in the North, and the Thursday Fed Cattle Exchange auction showed no sales on the 1,308 head offered with bids of $228. Feeder cattle futures saw $1.40 to $3.52 losses across most contracts, and the CME Feeder Cattle Index was back up $3.44 on August 12 to $351.93. USDA export sales data showed beef sales for 2026 at 14,426 metric tons for the week ending August 6, a three-week low, with South Korea buying 5,300 metric tons and Japan 3,000 metric tons. Wholesale boxed beef prices were mixed, with Choice boxes up $3.62 at $375.90 and Select down 57 cents at $349.24, widening the Choice/Select spread to $26.66.
Tyson Foods IncTyson announces plant closures and reduced processing capacity, reducing demand for cattle and pressuring its operations.