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Stock impact report

U.S. Reels to a Meat Shortage and Prices Are Getting Weird [Yahoo! Finance News]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Bloomberg) -- First, it was just one plant shutting down. But now, it’s at least seven major U.S. meat facilities that have seen halts in the space of just a few weeks, and all those voices assuring Americans that supplies would be fine now sound like a chorus of concern over shortages.Tyson Foods Inc. early on Wednesday said it was idling its largest pork plant, which is based in Iowa. Less than 10 hours later, the company said it was shuttering another pork facility in Indiana. That adds to a string of other closures.Currently, about 18% of hog-slaughtering capacity is completely off line, and there are also additional slowdowns at pork, beef and poultry companies across the nation.“When a facility closes, the availability of protein for consumers across the nation will only decrease,” said Steve Stouffer, head of Tyson Fresh Meats. “Consumers will see an impact at the grocery store as production slows. It also means the loss of a vital market outlet for farmers.”Meat prices are sur Show less Read more
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