Tyson Foods officials announced over the weekend, this week they’re adding $5 a hundredweight to live cattle and $7.94 a hundredweight to dressed and grid cattle. National Cattlemen’s Beef Associations Vice President of Government Affairs Ethan Lane says that’s a good faith effort by Tyson to address cattle producers needs and came about after NCBA sent a letter to them about cattle price concerns.
He thanked Tyson for their response in trying to help cattle producers and says it’s a good first step with more need to be taken down the road.
Lane says NCBA is still waiting to hear from the USDA on their investigation into possible cattle price fixing following the Tyson Holcomb plant fire.
Tyson’s increase will be added to the base cash price for the week and is a one time move.
