Tyson Cuts 3,200 Jobs and Closes 3 Beef Plants as US Cattle Herds Shrink to Lowest Since 1950s

3-line summary

• Tyson is cutting 3,200 jobs and closing three U.S. beef plants as cattle herds shrink to their lowest level since the 1950s, according to Yahoo Finance.
• USDA data published last month showed cattle herds at multi-decade lows, driving up beef prices and straining meatpacking firms; drought has also hurt forage-crop cultivation, complicating ranchers' efforts to rebuild herds.

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