Cattle Market Reopens Expanded Limits After Tyson Fire

Cattle Market Reopens Expanded Limits After Tyson Fire

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The cattle market opens trade on expanded limits again today. The industry is waiting for updates on the Tyson beef plant fire in Kansas. On Tuesday, the National Cattlemen's Beef Association sent a letter to market regulators asking them to ensure no manipulation. Clean up crews have already begun to clear out the damage and traders believe the plant will not be offline for as long as originally believed. The beef plant is responsible for roughly 5 percent of total U.S. beef production.

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    Thursday, August 22 2019 3:53 PM EDT2019-08-22 19:53:37 GMT

    Del Monte plans to shut down its packing plant in Mendota, Illinois. The facility built in 1949 packs peas, carrots, corn, lima beans, and other vegetables. This is the latest round of closures following recalls and sanitary violations. The plant will officially close in June of 2020. Layoffs include 550 seasonal workers and 30 full-time employees. Community leaders say the shutdown could impact the local economy.

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  • A Quiet Hurricane Season?

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    Thursday, August 22 2019 3:44 PM EDT2019-08-22 19:44:23 GMT

    A low-key hurricane season could offer a much-needed break to producers recovering from last year's storms. According to the National Oceanic And Atmospheric Administration, each season averages 12 storms. So far, one weaker hurricane and another tropical storm have formed and that’s a decade low. Despite a slow start, other forecasters predict a late-season surge. Hurricane season runs through November.

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    Thursday, August 22 2019 3:16 PM EDT2019-08-22 19:16:26 GMT
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