MEAT+POULTRY - January 2025 - 18

INDUSTRY OUTLOOK
Uncertainties
remain,
including the
timing and
pacing of
meaningful
herd
rebuilding
intentions.
Tyson Foods took over the operation of the
Emporia plant in 2001 after buying Iowa Beef
Packers (IBP). IBP had operated the plant as
a cattle slaughter and processing facility for
many years. But it ended those operations in
2008. The plant had a daily slaughter capacity
of 4,000 head. After careful consideration,
Tyson made the difficult decision to close the
Emporia facility to increase the efficiency of its
operations, said Tyson Foods. It added that it
employs more than 5,000 people across other
Kansas facilities.
SLIPPERY LANDSCAPE
As for the overall US beef processing industry,
analysts do not anticipate that any beef plants of
any size will close in the coming year, although
most if not all processors will lose money this
year. The reduced cattle numbers suggest that
as brand-new plants start operations, they will
struggle to buy cattle from established players.
At least eight new plants are in the works, with
an avowed slaughter capacity of more than
9,000 head per day. Most analysts have doubts
that much of this proposed new capacity will
come to fruition.
Meanwhile, food and agri-business giant
Cargill at the start of December said it
would lay off approximately 5% of its global
workforce, or 8,000 employees. The move
comes in the wake of what it calls weak
18 MEAT+POULTRY | 01.25 | www.meatpoultry.com
financial performance during fiscal 2024 and a
restructuring of the business.
" To strengthen Cargill's impact, we
must realign our talent and resources to
align with our strategy, " the company said.
" Unfortunately, that means reducing our global
workforce by approximately 5%. This difficult
decision was not made lightly. We will lean on
our core value of putting people first as we
support our colleagues during this transition. "
For fiscal year 2024, ended May 31, Cargill
recorded $160 billion in sales, down nearly 10%
from $177 billion in fiscal 2023. The company
does not publish its annual earnings. But Brian
Sikes, chairman, president and chief executive
officer, noted in Cargill's annual report
published on Aug. 13, that ongoing challenges
facing the global food system from disruptions
caused by conflict, changing demographics,
and volatile economic and environmental
conditions impacted the company.
PORK, POULTRY ROLL ON
The outlook for the US pork and poultry
sectors this year is much brighter, especially
for chicken. Tyson Foods in fiscal 2024 had an
operating loss of $40 million in its pork segment.
But it said USDA projects domestic production
will increase 2% this year versus last year and it
anticipates adjusted pork operating income of
$100 million to $200 million in 2025.
Seventyfour - stock.adobe.com

http://www.meatpoultry.com

MEAT+POULTRY - January 2025

Table of Contents for the Digital Edition of MEAT+POULTRY - January 2025

MEAT+POULTRY - January 2025 - Intro
MEAT+POULTRY - January 2025 - FC1
MEAT+POULTRY - January 2025 - FC2
MEAT+POULTRY - January 2025 - 1
MEAT+POULTRY - January 2025 - 2
MEAT+POULTRY - January 2025 - 3
MEAT+POULTRY - January 2025 - 4
MEAT+POULTRY - January 2025 - 5
MEAT+POULTRY - January 2025 - 6
MEAT+POULTRY - January 2025 - 7
MEAT+POULTRY - January 2025 - 8
MEAT+POULTRY - January 2025 - 9
MEAT+POULTRY - January 2025 - 10
MEAT+POULTRY - January 2025 - 11
MEAT+POULTRY - January 2025 - 12
MEAT+POULTRY - January 2025 - 13
MEAT+POULTRY - January 2025 - 14
MEAT+POULTRY - January 2025 - 15
MEAT+POULTRY - January 2025 - 16
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MEAT+POULTRY - January 2025 - 18
MEAT+POULTRY - January 2025 - 19
MEAT+POULTRY - January 2025 - 20
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https://digital.meatpoultry.com/sosland/mp/meatpoultry-january-2025
https://digital.meatpoultry.com/sosland/mp/ippe-preshow-december-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-december-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-november-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-october-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-september-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-august-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-july-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-june-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-may-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-april-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-march-2024
https://digital.meatpoultry.com/sosland/mp/special-supplement-bacon-trends-technology-march-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-february-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-january-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-december-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-november-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-october-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-september-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-august-2023
https://digital.meatpoultry.com/sosland/mp/special-supplement-ground-meat-trends-technology-july-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-july-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-june-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-may-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-april-2023
https://digital.meatpoultry.com/sosland/mp/special-supplement-bacon-trends-technology-march-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-march-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-february-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-january-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-december-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-november-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-october-2022
https://digital.meatpoultry.com/sosland/mp/special-supplement-ground-beef-trends-technology-september-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-september-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-august-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-july-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-june-2022
https://digital.meatpoultry.com/sosland/mp/special-supplement-meat-alternative-trends-and-technology-may-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-may-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-april-2022
https://digital.meatpoultry.com/sosland/mp/special-supplement-bacon-trends-technology-march-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-march-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-february-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-january-2022
https://digital.meatpoultry.com/sosland/mp/-meatpoultry-december-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-november-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-october-2021
https://digital.meatpoultry.com/sosland/mp/special-supplement-ground-meat-trends-technology-october-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-september-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-august-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-july-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-june-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-may-2021
https://digital.meatpoultry.com/sosland/mp/special-supplement-meat-alternatives-may-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-april-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-march-2021
https://digital.meatpoultry.com/sosland/mp/2021_02_01
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https://www.nxtbook.com/sosland/mp/2018_02_01
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https://www.nxtbook.com/sosland/mp/2015_01_01_mp
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http://digital.meatpoultry.com/sosland/mp/2006_09_01
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