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Stock impact report

Workers' strike at one of the largest US meatpacking plants will continue for a 3rd week 1 / 5 [Yahoo! Finance Canada]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Industry experts said it's too early to know if the strike that began March 16 at the Swift Beef Co. plant in Greeley, Colorado, will impact beef prices for shoppers. Owner JBS USA said Friday that it's operating the plant at limited capacity and has shifted beef production elsewhere to meet its customers needs. With negotiations stalled, the company remains in a strong position relative to the striking workers, said Jennifer Martin at Colorado State University's animal sciences department. That's because the industry is suddenly less burdened by excess slaughter capacity that had been keeping profit margins low. Now amid the Greeley strike and other slaughter plant capacity reductions — including the closure of a major Tyson Foods' plant in Nebraska — JBS and other companies are seeing profits increase, Martin said. “It's not necessarily in favor of the employees,” she added. “The lack of harvest capacity at one facility right now might actually be a benefit to the larger in Show less Read more
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