A “large fire” Friday night (Aug. 9, 2019) closed the Tyson Foods beef facility at Holcomb, Kan., and the company said the plant will be closed indefinitely.
After a fire Friday night that closed its Holcomb, Kan., beef packing facility, Tyson Foods says it will continue to pay employees and utilize other sites in its network to keep the beef supply chain moving.
Monday’s CME cattle futures opened and locked limit lower in reaction to the news Tyson was forced to close its Holcomb, Kan., beef processing facility due to Friday night’s fire.
In its second quarter profit statement, Tyson projects its U.S. pork, chicken and beef units will all benefit from increased demand due to African swine fever outbreaks.
Tyson officials said Friday night's fire caused "major damage," but the company is working "as quickly as possible" to return its Holcomb, Kan., facility to operation.
The dangerous cold temperatures that blanketed the Midwest this week also impacted meat processors and grain elevator operations, as companies worked to protect employees.
WholeStone Farms chairman Luke Minion says the purchase aligns with the company’s goal to create and capture value in the pork supply chain for their 220 independent producer-owners.
Top U.S. food distributors Sysco Corp and U.S. Foods Inc have sued the country’s biggest chicken processors for allegedly conspiring to inflate prices.