Tyson Foods is closing its Lexington, Nebraska beef processing plant, resulting in over 3,200 layoffs, due to U.S. cattle shortages that are pressuring major meatpackers. The company aims to adjust its operations for long-term success by reducing production at its Amarillo, Texas facility to a single shift while increasing output at other locations. The closure impacts a community where the plant was a significant employer. Despite rising beef prices, Tyson faces challenges with higher cattle costs, prompting a focus on efficiency and innovation to mitigate losses.

Source: https://www.supplychaindive.com/news/tyson-closes-nebraska-beef-plant-us-cattle-shortage/806311/