Cargill Says It Does Not Plan to Close U.S. Beef Processing Plants

CHICAGO – Cargill Inc has no immediate plans to close its U.S. beef processing plants, the company said days after meatpacker Tyson Foods (TSN.N) announced it would shutter a major Nebraska facility as the industry grapples with tight cattle supplies.

Beef processors have been pressured as ranchers have slashed the U.S. cattle herd to its lowest level in decades following a years-long drought that burned up pasture lands and hiked feeding costs. A halt on U.S. imports of Mexican cattle tightened supplies further this year, as Washington seeks to keep out a flesh-eating parasite.

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