🕒 Created · Updated

Tyson Foods pursues sale of Pasco beef plant as company shuts down two facilities amid historic cattle shortage

Tyson Foods is seeking a buyer for its Pasco-area beef plant in Washington, the largest processing facility in the Pacific Northwest. The administration announced that the company will end operations at its Joslin, Illinois, and Eagle Mountain, Utah, facilities, while anchoring its beef business around three plants in Nebraska, Kansas, and Texas. The move follows one of the most historic cattle shortages in American history, driven by multi-year droughts and rising costs. While the closures are expected to impact regional producers, economists suggest that national slaughter capacity remains sufficient. The administration announced that the closures will likely not significantly affect consumer prices, as the US has maintained excess capacity for years. However, the company's restructuring aims to improve efficiency by concentrating production in strategically located operations. Meanwhile, Donald Trump announced a deal to import 300,000 metric tons of tariff-free beef, aiming to reduce prices for consumers while allowing the domestic herd to rebuild.

Sources