Tyson Foods Shares Climb 1.5% with Beef Plant Closures Lifting Market Value by $240 Million

Shares of Tyson Foods, Inc. advanced 1.5% to $57.24 in premarket trade on Friday after the company announced intentions to shut down or divest three beef plants in the United States. Tyson ended the prior session at $56.39.

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JBS shutdowns put pressure on U.S. beef as cattle prices rise

JBS USA will close its beef plant in Souderton, Pennsylvania, and its value-added meat site in Memphis, as tight cattle supplies push meatpackers to adjust operations. Production from both facilities is set to relocate within the JBS network, the company said.

20 June 2026

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