Tyson announced today that it has suspended operations at its Columbus Junction, IA pork plant. The closure is COVID-19 related for worker health protection after several contracted the virus. The plant has a capacity of about 10,000 head per day. Last week, total slaughter was 2.565 million head; assuming a five-and-a-half-day week, the plant represents about 2 percent of last week’s kill. Hogs are being sent to other Tysons facilities. This, of course, is the packer who has been through the drill before as last year’s fire at the Garden City, KS beef plant shut down operations and scrambled slaughter and packing operations to other plants. No word on how long the plant will be idle. National Beef has suspended it...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.