# Tyson Foods to close four more chicken plants to cut costs as sales continue to slip

> 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.

- Date: 2023-08-08 · published 2023-08-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34737-tyson-foods-to-close-four-more-chicken-plants-to-cut-costs-as-sales-continue-to
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

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.

## Read by commodity

- CHICKEN: bearish ▼

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2023/08/08/tyson-foods-to-close-four-more-chicken-plants-to-cut-costs-as-sales-continue-to-slip/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.