While COVID-19 infections spiked at Tyson's Waterloo, Iowa, plant, supervisors allegedly placed bets on how many workers would become infected. Tyson CEO Dean Banks suspended the managers and announced an investigation.
Fifteen food and beverage associations sent a letter to President Donald Trump requesting priority access to COVID-19 vaccines to protect workers and keep the food supply chain running.
After a deforestation risk assessment performed earlier this year with Proforest, Tyson concluded that nearly 94% of its land footprint is at no to low risk of being associated with deforestation.
When a plant increases operational capacity, there is an increase in total industry capacity which in turn has economic ramifications through the cattle cycle as the inventory is expanded or liquidated.
On Nov. 9, more than 200 local meat and poultry processors in Iowa were awarded Meat Processing and Expansion Grants from the Iowa Department of Agriculture and Land Stewardship.
Continued support from the board could yield higher cash prices for most producers. Packers need for higher grading cattle could also help push prices higher in the weeks to come.
Brazil’s Batista brothers may soon be back in court after shareholders of JBS S.A. voted in favor of suing the pair for losses incurred after they confessed to bribing thousands of Brazilian public officials.
Beef packers could be moving into a period with smaller inventories, which may prompt them to push prices higher. CME futures prices will again have an impact on the cash trade.
Tyson Foods said on Tuesday it plans in January to have company employees take on duties from more than a dozen federal inspectors at a large Kansas beef plant, after getting a U.S. government waiver.
