E-mail this article to
yourself or a friend.
Enter address:


Tyson cancels contracts, USDA to investigate

(Aug. 23, 2002 -- CropChoice news) -- Citing excessive transportation costs, Tyson Foods Inc., announced that it will terminate contracts with 132 hog producers in Arkansas and eastern Oklahoma as part of its shut down of the hog farms it owns and leases. This restructuring of the swine divsion at the world's largest processor and marketer of beef, chicken and pork, will mean about 200 job cuts. It will negatively affect 159 farms.

Meanwhile, the U.S. Department of Agriculture is on the case. It is probing Tyson to learn about the "honesty" of the contracts with those hog producers.

Sources: Associated Press, Dow Jones Newswires