(FARGO, ND) — As the beef industry continues to react to news of a major beef processing plant set to close in Nebraska, one of that companies biggest competitors has reiterated it has no plans to close any of its facilities.
Cargill said last week that it has no plans to close any of its beef processing plants as Tyson Foods announced it will be closing its Lexington, Nebraska beef facility in January. According to Reuters, Cargill said that “we don’t have intention to close any primary beef processing plants right now. In fact we are investing in them.”
Reuters says that beef processors have been pressured as ranchers have slashed the U.S. cattle herd to its lowest level in decades following a years-long drought that burned up pasture lands and hiked feeding costs. A halt on U.S. imports of Mexican cattle tightened supplies further this year, as Washington seeks to keep out a flesh-eating parasite.
Cargill, a major ground beef producer, has eight primary beef plants in North America that slaughter cattle, according to the company.
Read more of our coverage of the Tyson plant closure below:
Tyson Foods Announces Network Changes to Strengthen Long-Term Beef Business
