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Tyson Foods will close or sell three US beef facilities as industry struggles (www.reuters.com)

submitted 1 month ago* (last edited 1 month ago) by inari@piefed.zip to c/vegan@slrpnk.net

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[–] rainbowbunny@slrpnk.net 10 points 1 month ago (1 children)

Unfortunately it seems they're just relocating their "facilities" to try to get their already subsidized costs from getting higher.

The closures mark the latest signal of trouble for the nation's meat processing sector, currently dealing with a 75-year trough in supply. U.S. meatpackers have been steadily losing money in their beef businesses because rising cattle costs have outpaced ⁠gains from soaring prices for steaks and hamburger meat.

... It said shifting production among its remaining facilities will allow it to maintain a similar level of cattle slaughter across a more efficient network.

[–] DragonTypeWyvern@midwest.social 1 points 1 month ago

Meaning this story is actually about sending even more American manufacturing overseas.