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Ex-Tyson chief now CEO of Indigo Ag ....

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News in brief: Ex-Tyson chief now CEO of Indigo Ag; EV-maker Canoo gets $16.5M in financing

Former Tyson Inc. Chief Executive Officer Dean Banks will become Indigo Ag s CEO, effective Feb. 1, according to a company news release. ....

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Shoppers and farmers seethe over higher beef prices

Shoppers and farmers seethe over higher beef prices
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Robust demand for protein as pandemic ebbs

By Michael Hirtzer
Tyson Foods Inc. warned it’s struggling to meet rebounding chicken demand because of a worker shortage and slow hatchings, even as a strong beef market will boost overall sales.
The biggest U.S. meat company is seeing robust demand as the world economy mends from the pandemic, and it’s raising prices across businesses to pass through higher animal-feed costs and other expenses. That will help make up for thinner returns in chicken, where labor tightness means that plants are operating at about 80% of capacity. Tyson also said it can’t maximize profit in its pork unit because of a dearth of skilled labor to strip down carcasses. ....

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Tyson Shuts Down Iowa Pork Plant After Refrigeration Malfunction

Tyson Shuts Down Iowa Pork Plant After Refrigeration Malfunction
Michael Hirtzer, Bloomberg News
The Tyson Foods Inc. logo is seen on a box arranged for a photograph in Tiskilwa, Illinois, U.S., on Monday, Aug. 6, 2018. The largest U.S. meat company posted better-than-expected fiscal third-quarter earnings as beef demand rose and cattle costs fell, Tyson said Monday in a statement. Photographer: Daniel Acker/Bloomberg
, Bloomberg
(Bloomberg) Tyson Foods Inc. said it temporarily shut down its pork plant in Columbus Junction, Iowa, following a refrigeration failure.
The company said Wednesday in a statement that itâs too early to determine a timeline for its reopening but it will likely be down for a few days after shutting because of a âmechanical malfunction in the refrigeration system Tuesday evening.â No one was hurt and the company will guarantee pay for full-time active employees, Steve St ....

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