Tyson to close Nebraska beef plant
Cattle market reacts negatively to anticipated loss of beef slaughter capacity.

Tyson Foods announced it will close its Lexington, Nebraska beef processing plant on Jan. 20 and reduce production at its Amarillo, Texas, plant down to one shift per day as historically low beef supplies strain packer margins, Farm Journal reported.

Markets reacted negatively to the news by opening limit down on Nov. 24 before recovering some of the losses later in...