In this file:

 

·         Tyson to rebuild plant after fire, assures weekly pay for full-time workers

… it did not know when the facility would reopen…

 

·         Tyson beef plant at Holcomb, Kan. partially destroyed by fire

Fire shutters plant indefinitely; other beef plants will need to pick up harvest capacity.

 

·         Tyson Beef Plant Fire [includes link to RFD-TV video report]

A fire at a Tyson Foods beef processing plant moves markets…

 

·         Tyson Will Utilize Other Sites To Keep Supply Chain Full After Fire

… Steve Stouffer, group president of Tyson Fresh Meats, said, “Tyson Foods has built in some redundancy to handle situations like these and we will use other plants within our network to help keep our supply chain full”…

 

·         Tyson plant fire in Holcomb sends 4-H premium sale cattle to Nebraska for processing

 

 

 

Tyson to rebuild plant after fire, assures weekly pay for full-time workers

 

By Uday Sampath Kumar and Tom Polansek, Reuters 

via KFGO (ND) - August 12, 2019

 

(Reuters) - U.S. meat processor Tyson Foods Inc said on Monday it will rebuild a Kansas beef plant after a fire heavily damaged the facility last week and that full-time, active employees would be paid weekly until production resumes.

 

The company said the plant would be down "indefinitely" after the Friday night fire, which idled some 3,800 workers.

 

Tyson's stock price recovered from an early drop and was trading near unchanged around midday, after setting a record high on Friday. The stock has climbed more than 60% this year, partly on strong demand for beef, the largest segment of Tyson's business by sales.

 

The company plans to rebuild the damaged beef plant in Holcomb, Kansas, but said it did not know when the facility would reopen.

 

"We will use other plants within our network to help keep our supply chain full," said Steve Stouffer, group president of Tyson Fresh Meats.

 

There were no casualties reported due to the fire, the cause of which was still being investigated.

 

The plant processed about 6,000 cattle per day, representing around 5% of the total industry and a bit over 20% of Tyson's capacity, J.P. Morgan analyst Ken Goldman said. He estimated the plant will be shut for months and that the closure could hurt Tyson's fiscal 2019 earnings per share by as much as 50 cents.

 

The halt in slaughtering pushed Chicago Mercantile Exchange cattle futures down by their daily, exchange-imposed 3-cent limit as traders expect cattle supplies may start to back up in feedlots. October cattle futures were down 3 cents at 103.750 cents per pound

 

Lower cattle prices could benefit other meat companies, which will see a larger supply while Tyson's plant is closed, said Dennis Smith, broker for Archer Financial Services. Tyson competes with packers like Cargill and JBS USA.

 

"The packers are going to use the leverage to their full advantage, and they're going to lower the cash steer market," Smith said…

 

more

https://kfgo.com/news/articles/2019/aug/12/tyson-to-rebuild-plant-after-fire-assures-weekly-pay-for-full-time-workers/

 

 

Tyson beef plant at Holcomb, Kan. partially destroyed by fire

Fire shutters plant indefinitely; other beef plants will need to pick up harvest capacity.

 

Burt Rutherford, BEEF Magazine

Aug 12, 2019

 

“This is a difficult time for our team members and their families, and we want to ensure they’re taken care of.” So said Steve Stouffer, group president of Tyson Fresh Meats, in an August 12 news release following an August 9 fire at its Holcomb, Kan. beef packing plant that partially destroyed the operation. 

 

 “We’re taking steps to move production to alternative sites,” Stouffer said. “Tyson Foods has built in some redundancy to handle situations like these and we will use other plants within our network to help keep our supply chain full.” The plant will be down indefinitely, however; the company plans to rebuild the plant at the same location. Officials are still assessing the damage, so it’s too early to establish a timeline, but work to clear damage has already begun, according to Tyson’s release.

 

Meanwhile, fed cattle processing capacity will be strained to handle record available supplies, according to the Kansas Livestock Association (KLA). The plant operated at about 6,000 head of fed cattle per day, leaving a shortfall in the national packing capacity of 30,000 head for a five-day work week.

 

According to CattleFax, that amounts to 6% of total U.S. fed cattle packing capacity the rest of the processing industry will need to absorb. The plant represents 23.5% of Kansas fed cattle packing capacity.

 

Based on CattleFax analysis, shifting the supply to other plants in Kansas, Texas, Colorado, Nebraska and Iowa will mean capacity in those regions needs to run 8% to 8.5% higher. The market analysis service reports this will be difficult to make up based on current packing industry infrastructure.

 

CattleFax suggests the significance of this event is amplified by the growing supply of finished cattle both nationwide and in Kansas. The U.S. cattle on feed total in feedyards with 1,000 or more head capacity was record large at 11.5 million head July 1. Cattle on feed in Kansas as of July 1 stood at 2.4 million head, which was also a record and represented about 21% of U.S. total.

 

Potential market impacts predicted by CattleFax include a possible loss of currentness in the cattle feeding segment; cattle feeders could lose some market leverage and all classes of cattle could see more price risk. Some of the pressure could be alleviated if existing harvest capacity dedicated to cows and bulls is incentivized to process fed cattle and if plants have the cooler, boxed beef capacity and labor to process cattle on weekends.

 

KLA has been in contact with Tyson and Kansas Gov. Laura Kelly's administration regarding the situation, the association said in its news release...

 

more

https://www.beefmagazine.com/disaster/tyson-beef-plant-holcomb-kan-partially-destroyed-fire

 

 

Tyson Beef Plant Fire

 

By RFD-TV News

Aug 12, 2019

 

A fire at a Tyson Foods beef processing plant moves markets. The plant located in Holcomb, Kansas processes up to 30 thousand head each week; nearly 5 percent of the weekly US beef supply. According to Tyson. The plant is closed "indefinitely" while officials investigate and assess the damage.

 

document, plus video report [1:23 min.] 

https://www.rfdtv.com/story/40907492/tyson-beef-plant-fire

 

 

Tyson Will Utilize Other Sites To Keep Supply Chain Full After Fire

 

Greg Henderson, Drovers 

August 12, 2019

 

Tyson Foods says it plans to rebuild the Holcomb, Kan., beef packing facility after a fire Friday night forced the plant’s closure, and is taking steps to minimize disruption to the beef supply chain.

 

In a statement released Sunday (Aug. 12, 2019) Tyson said it is still assessing the damage and a timeline has not been established, but work to clear the damage has already begun. The company said it will continue to pay workers and is “taking steps to move production to alternative sites.”

 

In the statement, Steve Stouffer, group president of Tyson Fresh Meats, said, “Tyson Foods has built in some redundancy to handle situations like these and we will use other plants within our network to help keep our supply chain full.”

 

Stouffer also said Tyson will pay full-time, active team members “weekly until production resumes.” He called the aftermath of the fire a “difficult time for our team members and their families, and we want to ensure they’re taken care of.”

 

Holcomb team members may be called on to work during the reconstruction to help with clean-up and other projects, but regardless of the hours worked, all full-time active employees are guaranteed pay, the statement said...

 

more

https://www.drovers.com/article/tyson-will-utilize-other-sites-keep-supply-chain-full-after-fire

 

 

Tyson plant fire in Holcomb sends 4-H premium sale cattle to Nebraska for processing

 

By Chuck Samples, KVOE (KS)

August 13, 2019

 

After they were purchased at the Lyon County Fair premium sale Monday night, beef entries took a different route to their final destination.

 

Cattle were supposed to go to the Tyson plant in Holcomb for processing, but a destructive blaze Friday has shut down the facility until further notice -- so cattle are going to Nebraska City, Nebraska, instead. Lyon County Fair Board President Ken Duft says this was a first for the premium sale, but it didn't take long to come up with a backup plan.

 

Duft says this has been a smooth fair to date, even with the traditional rainfall from late last week and the weekend...

 

more

https://www.kvoe.com/news/item/44632-tyson-plant-fire-in-holcomb-sends-4-h-premium-sale-cattle-to-nebraska-for-processing