US cattle producers have started rebuilding herds, or will soon, Tyson Foods CEO says

Reuters
05-14
US cattle producers have started rebuilding herds, or will soon, Tyson Foods CEO says

CHICAGO, May 14 (Reuters) - U.S. cattle producers have started rebuilding the nation's herd or are close to doing so, Tyson Foods TSN.N CEO Donnie King said at an investor event on Wednesday, after supplies dwindled to their lowest level in decades.

Producers increasingly sent cattle to slaughter, instead of keeping them to reproduce, in recent years as drought reduced pasture lands available for grazing.

(Reporting by Tom Polansek, Editing by Louise Heavens)

((Thomas.Polansek@thomsonreuters.com))

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