A Nebraska beef plant will soon be closing its doors and leaving 3,000 workers without jobs.
Nebraska Congressman Adrian Smith says that he is urging the company to keep the property available for future opportunities.
“The last thing we want is a shuttered facility falling into disrepair. Now, I would think that Tyson would want a better scenario than that as well, and so given the fact that there’s still shortages in the labor force, workforce, other dynamics here that this, you know, I’m hoping can turn into an opportunity rather than such the challenge that it currently is right now,” Rep. Smith states.
He says that he is confused as to why Tyson would want to shutter this plant, given the volume of cattle available.
Nebraska is consistently among the top three states for cattle on feed.
High milk production and soft retail demand are squeezing prices and margins — making careful feed and risk management essential through year-end.
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Prepare for softer milk checks into winter, watch cull-cow values and timing, and stress-test cash flow as product prices recalibrate.
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While there has been an increase in outbreaks of Highly Pathogenic Avian Influenza (HPAI) this migration season, the CDC says the public health risk is low.
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Cattle markets are collapsing this week, and analysts say that several factors are at play. Consumer beef prices also remain near all-time highs, threatening long-term demand.
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The idea of buying more beef from Argentina does not sit well with much of farm country, raising some questions from analysts and producers.
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