Tyson Nebraska plant closing

[mwj]

What will this do to short term cattle sales? As far as i can tell it was an old plant but they were killing 5000 head per day.

 

[Travlr]

What will this do to short term cattle sales? As far as i can tell it was an old plant but they were killing 5000 head per day.

I understand the idea of consolidating to save money... but I also understand the attraction of increased competition.

 

[Warren Allison]

Tyson Foods, the largest meat processor in the U.S., is set to close its beef-processing plant in Lexington, Nebraska—a major facility that employs around 3,000 people and has the capacity to slaughter nearly 5,000 cattle daily. This move marks the first large-scale plant closure among the dominant “Big Four” packers during the current U.S. cattle supply crunch.

Cattle supplies in the U.S. are at their lowest levels since the 1950s, severely impacting packers' margins. Tyson reported nearly $2 billion in increased cattle procurement costs for its 2025 fiscal year, culminating in a $426 million adjusted loss from its beef division. Despite near record-high beef prices at retail, packers like Tyson are facing mounting financial pressure, prompting operational scale-backs.

 

[kenny thomas]

100% my thoughts only, they are using the current prices to close an old plant. Because of the jobs lost the government will step in and give them a lot of money because they had to shut down and for their loss.

 

[Hpacres440p]

A town of 10,000 just lost 3200 jobs. That’s going to destroy that town.

 

[Travlr]

100% my thoughts only, they are using the current prices to close an old plant. Because of the jobs lost the government will step in and give them a lot of money because they had to shut down and for their loss.
Andisn't Tyson a foreign owned company and now with the tarriffs gone they can ship in what they need.

Tyson Foods is owned in the US and is based in Springdale Arkansas.

 

[Rmc]

Find it interesting that there an almost no mention of the millions Tyson has agreed to pay in regards to price fixing in both beef and pork prices .i believe both agreements were reached the first part of oct . Something like 55 million to settle beef price fixing allegations and 85 million in pork price fixing allegations.
140 million paid out since Oct . And the only listed issue is high live cattle prices?

 

[kenny thomas]

Tyson Foods is owned in the US and is based in Springdale Arkansas.

I apologize, yes you are correct.

 

[Brute 23]

Find it interesting that there an almost no mention of the millions Tyson has agreed to pay in regards to price fixing in both beef and pork prices .i believe both agreements were reached the first part of oct . Something like 55 million to settle beef price fixing allegations and 85 million in pork price fixing allegations.
140 million paid out since Oct . And the only listed issue is high live cattle prices?

The article clearly had an agenda. I'm scared it's not for Tyson.

 

[Travlr]

I apologize, yes you are correct.

No apology necessary... You know lots of things I don't know. I learn plenty here, from you and others. That's why we're here... well, that and the laughs...

 

[SBMF 2015]

That article said they had the ability to process 5000hd/day. It doesn’t say how many they actually were. Our local Tyson plant has shackle space for 3,200/day. I’m not sure if they have ran at full capacity since Covid.

 

[mwj]

Those empty shackles are the problem. If they are full that is the most efficient that they can run the plant. That plant started life as a combine manufacturing plant that IBP i believe converted to a slaughter plant.

They can add a shift at another existing plant and be money ahead. The packers are in the business of making a profit for there stockholders, not because they like the smell of blood.

 

[Warren Allison]

There is a new one opening in Overtton County, TN., next month. https://70acresbutchery.com/

 

[Philip-TX]

Find it interesting that there an almost no mention of the millions Tyson has agreed to pay in regards to price fixing in both beef and pork prices .i believe both agreements were reached the first part of oct . Something like 55 million to settle beef price fixing allegations and 85 million in pork price fixing allegations.
140 million paid out since Oct . And the only listed issue is high live cattle prices?

Paid out to who?
Who gets the 140 mil ????

 

[mwj]

There is a new one opening in Overtton County, TN., next month. https://70acresbutchery.com/

I glanced at the link and it said opening in 2027?

 

[Warren Allison]

I glanced at the link and it said opening in 2027?

Yes. Scheduled to start construction in Jan of 26

 

[mwj]

So that is ''a firm chance of a possible maybe''. There are a lot of those projects that never see that shovel to turn any dirt. When the home page is looking for investors it doesn't sound good.

 

[kenny thomas]

A town of 10,000 just lost 3200 jobs. That’s going to destroy that town.

The town and the workers are the ones that will need help. Wonder which one, the big company or the little town and people get the help?

 

[mwj]

They will live with it or move. That is the way of the world. If you live any distance away you will not care and not remember in a couple of months.

There are towns now with Tyson plants that will be very happy having more people employed and businesses growing. Root hog or die the old timers said, its not bad unless you are the hog.

 

[Lucky]

Living in a small town for the last 30+ years it amazes me how a large employer can shutdown and the effects are barely noticed within a year. There's so much monkey business going on these days There's no telling why the plant is really shutting down. This could have something to do with the Walmart plants coming online. I think everyone plant in the US over 20 yrs old has a Shutdown or Sale plan in place. It's just part of Corporate America.

I bought ground beef for $6.15 a pound today and a 2# chuck roast for $19. The chili better be good tonight.