The announcement comes soon after United States President Donald Trump said he has asked his officials to investigate why the prices packers pay for cattle is so low while retail beef prices are so high.
Tyson’s Gary Mickelson said “we’re doing this because we want to help keep beef on family tables across our nation, especially as our beef plants return from reduced levels of production.” Mickelson is Tyson’s senior director of public relations.
Prices for grocery items went up by 2.6 per cent in April, which was the biggest increase from one month to the next since 1974, according to United States Bureau of Labor Statistics.
