All articles tagged with #tyson foods
Eight major pork producers and a data firm have agreed to pay $117 million to settle a class action lawsuit alleging they conspired to fix prices and limit supply. Tyson Foods is paying the largest share at $85 million. Consumers in 24 states who bought specific pork products between 2014 and 2018 can file claims by October 29, 2026, though the companies deny any wrongdoing.
Campbell Soup has cut its quarterly dividend to 25 cents and lowered its fiscal 2027 sales forecast, while Tyson Foods has slashed its revenue growth outlook. These moves reflect a broader downturn in the food sector driven by cautious consumer spending and elevated inflation. Campbell’s shares fell approximately 7% following the announcement, as the company struggles with weak demand for premium snacks and rising commodity costs.
Tyson Foods is selling its Pasco-area beef plant, the largest in the Pacific Northwest, while closing facilities in Illinois and Utah. The move follows a historic cattle shortage and rising operational costs. Washington farmers blame state regulations for driving up expenses, while economists note that national beef prices may remain stable due to existing processing capacity.
Tyson Foods is closing its Joslin, Illinois, and Eagle Mountain, Utah beef plants, laying off over 2,500 workers, amid a historic cattle shortage. While economists say this won't drastically raise beef prices due to excess processing capacity, the closures are causing significant local economic strain and labor unrest.
Chicago law firm Strauss Borrelli PLLC is investigating Tyson Foods for potential violations of the federal Worker Adjustment and Retraining Notification (WARN) Act following the sudden closure of its Joslin, Illinois, and Eagle Mountain, Utah, plants. The closures, announced on August 13, 2026, affect over 3,400 workers and are attributed by the company to a historic national cattle shortage. While Tyson claims it is optimizing its network, local farmers and officials report immediate economic shocks, including falling cattle prices and increased transport costs, as the company shifts capacity to facilities in Nebraska, Kansas, and Texas.
The United States is facing a historic cattle shortage, with the herd shrinking to its smallest size in 75 years. This supply crunch has driven retail beef prices up by 23% and forced major meatpackers like Tyson Foods to close facilities. Experts attribute the crisis to prolonged drought and early cattle sales, warning that meaningful price relief will take years as ranchers slowly rebuild herds.
Tyson Foods is closing its Eagle Mountain beef and pork facility in Utah, affecting 723 workers, as part of a broader restructuring to consolidate beef operations amid a historic cattle shortage. The plant opened in 2021 with a $300 million investment and was expected to contribute about $44 million annually in local payroll. Tyson will shift capacity to other facilities in Dakota City (NE), Holcomb (KS) and Amarillo (TX), with plans to ramp up a second shift at Amarillo as cattle supplies improve, and will assist affected employees in transitioning to open roles at other Tyson plants.
Tyson Foods will close its Eagle Mountain, Utah case-ready meat facility by Oct. 12, eliminating 723 jobs as the company restructures in response to a historic cattle shortage; officials say they will support affected workers and help them transition to open roles at other plants, with Tyson also closing a plant in Illinois and exploring the sale of a Washington state facility.
Tyson Foods announced a company-wide restructuring that closes its Joslin, Illinois and Eagle Mountain, Utah beef facilities and puts the Pasco, Washington plant up for sale, directing beef production to Dakota City, Nebraska; Holcomb, Kansas; and Amarillo, Texas, a move tied to a cattle shortage and market pressures, with the Tri-Cities Wallula plant remaining a major local employer.
Tyson Foods is permanently closing its Joslin, Illinois beef processing plant, affecting about 2,700 workers who’ll be paid through October but will lose health insurance and steady employment as the facility shutters, with management citing market-driven losses and high livestock costs; state and local officials are offering support and resources to displaced workers.
Tyson Foods announced the closure of its Joslin, Illinois beef facility, informing employees their duties end around Aug. 14–15, 2026, with some workers able to stay through Oct. 12 and be paid. About 2,500 union workers will lose their jobs. The company also plans to close its Eagle Mountain, Utah facility and consider selling its Pasco, Washington facility, shifting capacity to other locations and ramping a second shift at Amarillo, Texas as cattle become available. Local officials and business groups expressed concern but urged resilience while Tyson cites a need to optimize a more efficient network amid an expected beef-production decline and an anticipated operating loss.
Beef prices are rising due to a persistent cattle shortage, even as demand remains mixed, squeezing Tyson Foods’ profits. Tyson cut its profit outlook after reporting a $707 million beef-division loss over the last nine months, with beef volumes down 15.9% and prices charged up 12.1% in the latest quarter. The U.S. cattle herd remains near all-time lows, though it’s starting to edge higher, and a potential reopening of Mexican cattle imports could help later, but won’t immediately close the gap in beef losses.
Tyson Foods expands its partnership with the University of Arkansas by adding jersey patches on all 19 Razorback varsity teams and serving as the Official Protein under a multi-year deal starting with the 2026-2027 season.
Arkansas announced a five-year, all-sport jersey-patch sponsorship with Tyson Foods, placing the company's logo on the Razorbacks' uniforms starting in 2026 and across other branding; roughly 90% of the deal's revenue is expected to flow to student-athletes via NIL opportunities, with Tyson becoming the exclusive jersey partner for all 19 Razorbacks sports and gaining branding across courts and fields.
Arkansas announced a five-year sponsorship with Tyson Foods, placing Tyson logos on jersey patches for all 19 Razorbacks sports beginning in 2026-27 and on campus playing surfaces, with terms undisclosed and the athletics director calling it the most lucrative corporate sponsorship in college athletics.