Meat processors trimmed jobs as drought kept cattle prices high
12/9/2024 12:00:00 AM
CATEGORIES:
Agriculture
Business & Industry
Relief, Response & Restrictions
Society & Public Health
AFFECTED AREAS:
Alaska
Alabama
Arkansas
Arizona
California
Colorado
Connecticut
District of Columbia
Delaware
Florida
Georgia
Hawaii
Iowa
Idaho
Illinois
Indiana
Kansas
Lyon County, KS
Emporia, KS
Kentucky
Louisiana
Massachusetts
Maryland
Maine
Michigan
Minnesota
Hennepin County, MN
Wayzata, MN
Missouri
Mississippi
Montana
North Carolina
North Dakota
Nebraska
New Hampshire
New Jersey
New Mexico
Nevada
New York
Ohio
Oklahoma
Oregon
Pennsylvania
Philadelphia County, PA
Philadelphia, PA
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Virginia
Vermont
Washington
Wisconsin
West Virginia
Wyoming
Start Date: 12/2/2024
-
Drought in the U.S. slowed ranchers plans to rebuild their cattle herds, which led to higher cattle prices and caused financial losses for meat processors. In the latter part of 2024, Cargill opted to cut its labor force by 5%. Tyson Foods announced plans to permanently close a beef and pork plant in Emporia, Kansas and two plants in North Philadelphia, Pennsylvania.
Reuters (New York), Dec 2 and 4, 2024; Philly Voice (Philadelphia, Pa.), Dec 4, 2024
Sources
