October 1st, 2024Tyson Foods sticking to its beef strategy

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BOSTON — Capacity reduction and the state of the company’s pork business were among the key topics addressed by Tyson Foods, Inc. executives during the Springdale, Ark.-based company’s presentation at the Barclays Global Consumer Staples Conference last week.

Brady Stewart, president of the beef and pork segment and chief supply officer for Tyson Foods, was asked if the company would consider any beef plant closures with recent capacity reductions.

“We really like our asset base,” Steward said of the Tyson beef business. “It’s a well-invested asset base. We took care of those assets during the better times relative to the opposite side of the beef cycle as well and continue to have opportunities for us to improve within our business relative to mix, relative to efficiencies, relative to making sure we understand where the customer is going to be in terms of primal and mix and really like our path forward with our current asset base.”

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