The Cattle Shortage Is Now Losing Americans Their Jobs
Summary
Tyson Foods announced it will close several meatpacking plants due to a severe shortage of cattle in the U.S., leading to thousands of layoffs. The cattle herd is at its smallest in 75 years, which has increased beef prices for consumers and caused challenges for ranchers and meatpackers.Key Facts
- Tyson Foods is shutting down facilities in Illinois and Utah and selling a Washington plant because of a historic shortage of cattle.
- Over 3,200 workers have been laid off, many without advance notice.
- The U.S. cattle herd reached its lowest point in 75 years in 2026.
- Beef prices have risen sharply, with steaks costing over $13 a pound and sirloin nearly $15.
- Rising costs for feed, fertilizer, and equipment are squeezing cattle ranchers.
- Four companies control about 85% of U.S. meatpacking, including Tyson, JBS, Cargill, and National Beef.
- President Donald Trump and the Justice Department have accused these companies of anti-competitive practices like price fixing.
- Despite criticism, meatpackers face their own financial pressures due to cattle shortages and higher costs.
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