Tyson Foods announced in early August 2026 that it will close its Joslin, Illinois, and Eagle Mountain, Utah beef facilities, pursue the sale of its Pasco, Washington plant, and concentrate beef processing around three central U.S. sites. The restructuring effectively exits roughly a third of its prior processing capacity while keeping overall cattle harvesting capacity similar, responding to herd levels at a 75-year low and persistent segment losses. The company also updated its 2026 guidance to 2.5% to 3.5% sales growth and maintained a quarterly dividend of US$0.51 per Class A share. Analysts project Tyson Foods will reach $58.1 billion in revenue and $2.5 billion in earnings by 2029, requiring 1.4% yearly revenue growth and about a $2.0 billion earnings increase from $453.0 million today.
Tyson Foods IncCloses two beef plants and sells another amid historic cattle shortages, exiting a third of processing capacity.
