Tyson Sells Georgia Poultry Plant and Bird Flu Price Tag
From the Ag Information Network, this is your Agribusiness Update.
**Tyson Foods has entered into an agreement to sell its Vienna, Georgia poultry complex to House of Raeford Farms.
Tyson’s decision to sell the complex is part of its continued efforts to optimize its plant network, and the company will continue to service customer orders from other production locations.
House of Raeford Farms intends to continue poultry processing at the complex utilizing the existing workforce and grower network.
**USDA's response to bird flu in poultry and cows will end up costing at least $2 billion, according to the Animal and Plant Health Inspection Service.
APHIS says it’s committed about $1.3 billion so far, including $901 million to cover depopulation of poultry and eggs and $239 million on bird disposal.
It also includes $163 million to address the recent outbreaks in dairy cows.
Another $816 million is available to continue addressing bird flu.
**Grain prices have fallen to their lowest level since COVID-19.
A Bloomberg report extended this year’s losses to 17%, with grains trading at the lowest since 2020.
It’s a sharp reversal from the post-COVID rally that saw grain prices more than double through 2022.
University of Illinois Ag Economist Scott Irwin says the losses look punishing due to rising expenses and the significant drop in corn and soybean prices.
