Tyson Foods has announced it’s permanently closing its pork packing plant in Perry, Iowa and an ag economist says he was surprised by the move.
Allendale chief strategist Rich Nelson tells Brownfield most of Tyson’s financial issues have dealt with beef processing while pork has been profitable.
“In the fourth quarter, they had a $206 million loss,” Nelson said. “That was an issue for the beef segments. They actually made money in the pork segment.”
Nearly 1,300 workers will lose their jobs as a result of the closure, which is set to go into effect in late June, officials said.
