Tyson to Cease Operations at Nebraska Beef Plant as Losses Mount

Tyson Foods Inc. is ending operations at a beef plant in Nebraska and cutting a shift at a Texas facility as the meat producer loses millions amid the smallest American cattle herd in decades.

Consumers are paying record-high prices for beef as packers are forced to pay up to buy a shrinking amount of cattle. US President Donald Trump’s administration has moved to boost imports from countries including Brazil and Argentina to help make up a domestic shortfall, but the measures have yet to bring down retail prices.