Tyson Foods to Shut a Big Pig Flesh Processing Plant in Iowa
The facility will be the ninth to close since early 2023 because of softening demand for meat and poultry."
The company’s pig flesh business has struggled with high grain costs but may be recovering. However, because of high prices, consumer demand for meat products in general has not increased as usual, so companies such as Tyson, Smithfield Foods and JBS Foods have offset losses by cutting costs within their operations. Since the beginning of last year, Tyson alone has announced the closure of eight facilities, which include six chicken plants and two case-ready meat processing plants, being the Perry facility its ninth.
