Tyson Foods Inc.
(NYSE:TSN) said Thursday it will close two beef facilities and sell a third as the meatpacker restructures its beef operations amid a historic U.S. cattle shortage that has pushed livestock costs higher.
The company announced on Thursday that it will be closing or selling three of its beef facilities, which include a beef plant in Joslin, Illinois, a case-ready beef facility in Eagle Mountain, Utah, and a beef plant in Pasco, Washington, which Tyson is considering selling.
Tyson Foods plans to transfer the processing capacity from these facilities to other sites, centering its beef business around its plants in Dakota City, Nebraska; Holcomb, Kansas; and Amarillo, Texas.
The company has not disclosed how many employees or cattle will be affected.
