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Tyson Foods will close four more chicken facilities in Indiana, Missouri and Arkansas in the first half of next year, following earlier closures. Chicken sales fell 3.5% year over year on lower pricing, and the company reported a quarterly operating loss of $350 million.
Plant closures reduce US chicken processing capacity and slaughter throughput, which can ease pressure on broiler prices and modestly lower feed grain and meal demand.
foodnavigator.comElizabeth CrawfordAug 8, 2023Not 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.
