Rising Beef Costs Pinch Producers, Retailers and Restaurants Alike
Escalating cattle prices are straining every stage of the U.S. beef supply chain, from slaughterhouses to steakhouses, forcing companies to cut capacity, reassess earnings forecasts and raise menu prices while attempting to preserve consumer traffic. Tyson shutters Nebraska plant amid shrinking herd Tyson Foods Inc. plans to close its Lexington, Nebraska, beef facility in January, […]