The decision to shutter four more plants comes as the average price of pork dropped 16.4% year-over-year and chicken fell 5.5%, according to the company. The beef industry has also been a challenge for the company, with a shrinking supply of cattle resulting in higher costs.
Tyson reported a net loss of $417 million for the latest quarter, compared to a $750 million profit the same period a year prior.
Knew a farmer in North Carolina who went into debt to build big chicken sheds to feed the Tyson plant. They closed. He killed himself.