"Tyson Foods' decision to close a beef plant that employs nearly one third of residents of Lexington, Nebraska, could devastate the small city and undermine the profits of ranchers nationwide. Closing a single slaughterhouse might not seem significant, but the Lexington plant employs roughly 3,200 people in the city of 11,000 and has the capacity to slaughter some 5,000 head of cattle a day."
"Clay Patton, vice president of the Lexington-area Chamber of Commerce said Monday that Tyson's announcement Friday felt like a "gut punch" to the community in the Platte River Valley that serves as a key link in the agricultural production chain. When it opened in 1990, the Lexington plant that Tyson later acquired revitalized and remade the formerly dwindling town by attracting thousands of immigrants to work there and nearly doubling the population."
Tyson Foods will close the Lexington, Nebraska, beef plant in January, a facility that employs about 3,200 people in a city of 11,000 and can slaughter roughly 5,000 cattle a day. Tyson will also cut one shift at an Amarillo, Texas, plant, eliminating about 1,700 jobs, and together those moves reduce U.S. beef processing capacity by an estimated 7–9%. Short-term grocery prices may remain stable while cattle already scheduled for slaughter are processed elsewhere, but long-term beef prices could rise further. Increased Brazilian imports after tariff cuts may insulate consumers while ranchers face higher costs and weaker incentives to expand herds.
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