Latest News Updates From Ilena Peng

Tyson Foods, in a move meant to turn around the beef segment, said it would close a Nebraska beef plant and reduced a Texas facility to a single shift. The company maintained its outlook for the year.

Cattle placed in U.S. feedlots, where animals are fed until ready to be slaughtered, are expected to have dropped in November to the lowest levels for the month since 2015, Bloomberg reports.

Cattle prices won’t rise as much as previously expected in 2026, as the closure of a Tyson Foods plant is seen loosening competition for scarce U.S. supplies.

U.S. corrugated box shipments fell to the lowest Q3 reading since 2015, maintaining the more measured pace seen in the previous quarter, according to data from the  Fibre Box Association.

The U.S. will start reopening ports to Mexican livestock in phases, after trade along the southern border had been halted in May by the spread of a parasitic fly.

Chinese cranes used at ports are the latest target of the Trump administration’s attempt to boost domestic manufacturing, even as no U.S. industry for the equipment exists.

Lumber futures rose to the highest in more than two and a half years after President Donald Trump ordered an investigation into shipments of the commodity into the U.S.

Cotton growers are facing devastating losses and delays from Hurricane Helene just as harvest was beginning, marking the latest blow to profits in an already weak market.

Retail gasoline prices in the U.S. have posted their first increase — albeit very modestly — after a 98-day streak of declines, suggesting consumers won’t get much more relief at the pump. Prices now stand at $3.681 a gallon, according to auto club AAA.

The wait times for semiconductor deliveries rose again in February, a sign that shortages are continuing to bedevil chip buyers in a wide range of industries.