Tyson's beef plant closure in Nebraska will impact a reliant town and ranchers nationwide

OMAHA, Neb. (AP) — Tyson Foods’ decision to close a beef plant in Lexington, Nebraska, could devastate the small city and undermine the profits of ranchers nationwide. The closure of the plant and one of two shifts at a plant in Texas will reduce beef processing capacity nationwide by 7-9% and lead to lower cattle prices. Consumers may not see prices change much at the grocery store over the next six months because all the cattle that are being prepared for slaughter now will still be processed. But in the long run, beef prices may continue to climb even higher than the current records unless U.S. ranchers expand their herds.

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