Trump, of beef and Rancher Casey Parker
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President Trump said he'd look into rolling back beef regulations as imports upset ranchers.
President Trump suggested he was open to changing federal regulations on beef processing, as the administration continues to target high meat prices as a priority.
U.S. meatpacking companies have been squeezed by a shortage of cattle with domestic supplies falling to their lowest level in 75 years.
Tyson Foods' closure of two beef processing facilities, and exploration of selling a third, will cause significant challenges and uncertainty in the affected communities, according to beef organizations and local elected officials.
Tyson Foods will close plants in Illinois and Utah and sell one in Washington as the US cattle herd hits its lowest level since 1951.
Federal officials say the initiative will bolster independent processing capacity as ranchers face historically tight cattle supplies and industry consolidation. The USDA will provide up to $500 million through its new SPUR Program to help eligible small ...
Meat producer closes facilities in Utah and Iowa as beef prices rise for consumers amid historic cattle shortage
Faced with rising processing costs and shrinking profits in its beef business, Tyson (TSN) is closing its Lexington, Nebraska beef processing plants in an effort designed to “right size its beef business and position it for long-term success.”
Agricultural experts believe the prolonged decline in the size of America’s cattle herd—and few indications of any imminent recovery—will continue to put upward pressure on the prices American households are paying for beef for the foreseeable future.