Tyson Is Closing More Beef Plants as Cattle Shortage Continues to Impact Supply The news that Tyson Foods is closing or selling three of its beef plants comes as little surprise in a market where cattle shortages have become a persistent problem for meat producers.
The shutdowns, which will result in around 2,500 union job losses, highlight the industry's vulnerability to supply chain disruptions and economic pressures.
Cattle prices have skyrocketed due to persistent shortages, forcing consumers to pay record sums for beef. According to the American Farm Bureau Federation, the average price per pound was $9. 64 in April.