Herds not being rebuilt, the meatpacker said
6 September 2024
1 minute read
US cattle producers have stopped slashing their herds, Reuters reported, citing Tyson Foods chief financial officer on Thursday, after supplies dwindled due to dry weather that limited pasture land available for grazing.
The meatpacker is still not seeing signs that producers are starting to rebuild herds in a meaningful way, CFO Curt Calaway said on the webcast of a Barclays investor conference.