Tyson Cuts Beef Production

US - Tyson Foods Inc. on Tuesday said it will reduce beef production for the next two months in eight of its domestic beef processing plants because waning demand has been insufficient to cover what it pays for cattle.
calendar icon 10 October 2006
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"Access to key export markets remains limited, competing meats such as pork and poultry are significantly less expensive and we're in the fall season when beef demand historically softens. As a result, we're scaling back production until the supply and demand situation gets back into balance, according to an e-mailed statement from Tyson spokesman Gary Mickelson.

The company said it will operate its U.S. beef plants 35 to 40 hours per week, instead of 40 hours, reducing production by about 12,000 head of cattle per week.

The nation's third and fourth largest beef producers also announced reductions Tuesday. Swift & Co., of Greeley, Colo., said at three of the company's four plants they are running 32-37 hours per week, down from the 40-hour work week they operated three weeks ago.

Source: nwaonline.net

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