The Leftwing climate cultists have been pushing for years to destroy the beef industry. This closure is another feather in their cap.
They engineered and spread Alpha-Gal Syndrome through ticks.
https://drwillcole.com/understanding-the-rise-of-alpha-gal-syndrome/
Sell everything to the Chicoms is a lazy business plan. Lots of corporate agribusiness is caught in that loop rather than invest in their, alleged, domestic market.