
Tyson Foods will permanently close its Lexington, Nebraska beef plant on January 20 and convert its Amarillo, Texas plant to a single shift. The Lexington plant can slaughter about 4.8% of daily US beef output, and live and feeder cattle futures hit their daily limits after the announcement.
Losing nearly 5% of daily slaughter capacity reduces packer competition for cattle, pressuring feeder and fed cattle prices. It is the first permanent closure of a major plant by a Big Four packer during the current supply crunch.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.