Tyson Foods says it will close, sell three sites amid US cattle shortage
Tyson Foods says it will close, sell three sites amid US cattle shortage By P.J. Huffstutter
CHICAGO, Aug 13 (Reuters) - Tyson Foods said on Thursday it will close or sell three of its beef plant and packaging operation sites, further shrinking its beef footprint as a historic U.S. cattle shortage deepens losses for the largest U.S. meatpacker.
The company said it will end operations at its beef facility in Joslin, Illinois, and its case-ready beef facility in Eagle Mountain, Utah, and pursue the sale of its beef plant in Pasco, Washington.
Tyson said it will move the capacity from these locations to its other sites, and anchor its beef business around its plants in Dakota City, Nebraska; Holcomb, Kansas; and Amarillo, Texas. The company will also ramp back up a second shift at its Amarillo location "as cattle become available," Tyson said in a statement.
(Reporting By P.J. Huffstutter in Chicago, Editing by Franklin Paul)
((pj.huffstutter@thomsonreuters.com; 313-484-5275 (w); ;))
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