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0 0.00637958532695372 -0.00478468899521527 0.0129186602870814 0.00797448165869218 0.00956937799043064 0.0124401913875598 0.0138755980861244
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Tyson Foods Helped Create the Meat Crisis It Now Warns Against [Yahoo! Finance News]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
) -- John Tyson, the billionaire whose family business reigns as the largest meat processor in the U.S., took out ads in national newspapers to complain about a “breaking” food supply chain.No one would argue that supplies aren’t an issue right now. Even Donald Trump is invoking the Defense Production Act to secure meat production. But the roots of this problem go back to decades of consolidation that Tyson’s own company helped lead. Tyson Foods Inc. and its top two rivals -- JBS SA and Cargill Inc. -- control today about two-thirds of America’s beef, and the large bulk of it gets processed in a few dozen giant plants. Pork and chicken are similarly dominated.While Tyson pointed out that the pandemic has affected businesses of all sizes, the producers, which also include Smithfield Foods Inc., have such a stranglehold on output that it leaves the supply chain with few remedies when even just a handful plants are down. There have been about 12 closures at U.S. slaughter plants this mon Show less Read more
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