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Tyson Foods announced on August 13 that it would be consolidating its beef operations in Dakota City, Nebraska, Holcomb, Kansas, and Amarillo, Texas. That same afternoon, workers at the Joslin, Illinois plant were informed that their jobs were ending immediately. The Eagle Mountain, Utah case-ready facility is closing, and the Pasco, Washington plant is being put up for sale. Your basis and haul cost are changing now that the nearest plant is farther away. That’s the real story this week.
We said for months that packing capacity would shrink to match the herd, and now it has. “Buy local” cannot replace the Joslin plant, and the math shows why. This issue covers what that means and how producers can respond.
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