Tyson plans resumption of beef operations
According to a statement issued by Tyson Foods Inc., the company plans to resume production at its plants over the next two weeks following a temporary suspension of beef operations at its facilities in
The affected plants will resume production on a staggered basis over the next two weeks. The company now plans to resume production based on the following schedule over an eight-day period from February 16-24.
Tyson cited market conditions as the reason for suspending operations in January. "While cattle numbers remain tight, we believe supplies will improve in the months ahead, especially as the anticipated flow of Canadian cattle resumes," said John Tyson, chairman and chief executive officer of Tyson Foods. "Beef demand has been weak, largely because of high beef prices and the attractive value of competing meats. We typically experience seasonal improvements in beef sales as we move into the spring and summer months. We're hopeful cattle prices will moderate, so beef can be priced more competitively with other proteins."
