Cargill to lay off 221 workers, close beef processing facility [USA TODAY]
Tyson Foods, Inc. (TSN)
Last tyson foods, inc. earnings: 2/6 07:30 am
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Source: USA TODAY
President Trump has acknowledged tariffs are hurting soybean farmers, the country's largest agricultural export. “The Cargill Meat Solutions facility will stop production around mid-April and fully close around the end of May, a notice filed by Cargill with the Wisconsin Department of Workforce Development said,” Plume reported. “The plant specializes in fresh beef, ground beef, and value-added products but does not slaughter cattle.” “Cargill said the move was made ‘to better align our portfolio with current customer demand and prioritize investments,' adding that ground beef production will shift to its other North American facilities with no impact on its consumer contracts,” Plume reported. “The company operates seven other facilities in the state and some of the employees affected are expected to move to one in nearby Butler, Wisconsin.” Bloomberg's Michael Hirtzer and Ilena Peng reported on Feb. 12 that “the move comes as the US cattle herd has dropped to the lowest in 75
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