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The U.S. beef industry is shrinking its processing capacity amid the lowest cattle supply in decades. Tyson Foods is closing its Joslin, Illinois plant (2,000+ workers, about 3,000 head/day capacity), trying to sell its Pasco, Washington plant (about 2,000 head/day), and closing a Utah packaging facility. Overall, Tyson has idled roughly 11,000 head/day of fed-cattle capacity in 2026 — about 11% of the national total. Ground beef prices hit a record $6.92/lb in August 2026, up from $5.55/lb in January 2025. Tyson cut its profit forecast twice in a month, and JBS reported a $617 million adjusted operating loss in its beef unit over the past year.
The cattle herd is the smallest in about 75 years — January 2026 inventory was 86.2 million head, rising to 94.2 million by July. Years of drought, high feed and energy costs, and the May 2025 U.S. ban on Mexican cattle imports (partially reopened in July 2026) all tightened supply. Meatpackers are paying high prices for scarce cattle and losing roughly $100 per head, even as ranchers make record profits. The Trump administration's Justice Department is probing high beef prices.
The U.S. beef industry is contracting because the national cattle herd is at its lowest in decades. Tyson Foods is closing or selling major plants (Joslin, Ill., Pasco, Wash., and a Utah packaging site), and ground beef hit a record $6.92/lb in August 2026.
Netanyahu's right-wing coalition won only about 53 seats in the October 27, 2026 election, short of the 61 needed to govern, and he called for a unity government after the new Knesset's swearing-in.
The Conservative Party launched a "Welfare That Works" policy document outlining roughly £36 billion in benefit reductions, which Labour called "a charter for human misery."
Representative Thomas Massie has filed an impeachment effort against Defense Secretary Pete Hegseth, and Hegseth dismissed it as "a political spectacle" and "a personal manifesto driven by ego."
U.S.-led talks with Russia and
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The U.S. beef industry is contracting because the national cattle herd is at its lowest in decades. Tyson Foods is closing or selling major plants (Joslin, Ill., Pasco, Wash., and a Utah packaging site), and ground beef hit a record $6.92/lb in August 2026.
America’s $100 billion beef industry is undergoing a painful downsizing, and it’s poised to make high meat prices a long-term reality. https://t.co/cSET6W6AON https://t.co/cdy5SeimWd
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Netanyahu's right-wing coalition won only about 53 seats in the October 27, 2026 election, short of the 61 needed to govern, and he called for a unity government after the new Knesset's swearing-in.
Israeli Prime Minister Benjamin Netanyahu has called for a unity government to be formed in a speech after the new parliament’s swearing-in ceremony. 🔴 LIVE updates: https://t.co/8lNpFZXWgB https://t.co/gbYCr4Vywk
[aljazeera.com](https://www.aljazeera.com/news/2026/11/4/netanyahu-bet-on-trump-but-both-lost)
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The Conservative Party launched a "Welfare That Works" policy document outlining roughly £36 billion in benefit reductions, which Labour called "a charter for human misery."
Planned Tory welfare cuts ‘a charter for human misery,’ says Labour – UK politics live - Conservative leader launches Welfare That Works policy document outlining benefit reductions of £36bn Badenoch and Whately are now taking questions. Q: [From Rob Powell from Sky News] We are
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Representative Thomas Massie has filed an impeachment effort against Defense Secretary Pete Hegseth, and Hegseth dismissed it as "a political spectacle" and "a personal manifesto driven by ego."
Pete Hegseth dismisses Republican’s impeachment effort against him as ‘a political spectacle’ – US politics live - Trump’s defense secretary calls impeachment effort from congressman Thomas Massie ‘a personal manifesto driven by ego’ as he faces scrutiny for prolonged Iran war Si
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U.S.-led talks with Russia and Ukraine in Abu Dhabi broke up after about four hours and were expected to resume the next day, with Secretary of State Marco Rubio calling them "very productive."
Russia-Ukraine talks ‘very productive,’ says US’s Rubio – Europe live - US-led talks in Abu Dhabi break up after four hours but are expected to resume tomorrow as Zelenskyy says humanitarian issues were discussed US officials seek ‘final end’ to Russia-Ukraine war as talks begin
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U.S. officials said they were seeking a "final end" to the Russia-Ukraine war as the first substantive peace talks since February began in Abu Dhabi, including a U.S. proposal for long-term security architecture between Moscow and Europe.
US officials seek ‘final end’ to Russia-Ukraine war, as Abu Dhabi talks set to continue - First substantive peace talks since February include US proposal for ‘long-term security architecture’ between Moscow and Europe Europe live – latest updates US officials have said they are
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