CHICAGO, Nov 21 (Reuters) - Tyson Foods ( TSN ) will
close a beef plant in Lexington, Nebraska, with about 3,200
employees after U.S. cattle supplies dropped to their lowest
level in nearly 75 years, the meatpacker said on Friday.
Supplies are expected to remain tight for the next two
years, forcing meatpackers like Tyson and JBS USA to pay steep
prices for cattle to process into steaks and hamburgers.