Tom Polansek

Cargill Inc has no immediate plans to close its U.S. beef processing plants, the company said on Wednesday, days after meatpacker Tyson Foods announced it would shutter a major Nebraska facility as the industry grapples with tight cattle supplies.

Tyson Foods will close a major beef plant in Lexington, Nebraska, with about 3,200 employees in January after U.S. cattle supplies dropped to their lowest level in nearly 75 years, the meatpacker said on Friday.

Tyson Foods has agreed to stop saying it will reach net-zero greenhouse gas emissions by 2050 and marketing beef as climate friendly to settle a lawsuit that accused the U.S. meat company of misleading consumers with the claims, the nonprofit Environmental Working Group said on Monday.

Smithfield Foods , the biggest U.S. pork processor, said on Tuesday that its quarterly revenue and profits jumped as sales prices climbed.

U.S. President Donald Trump's administration is quadrupling the country's low-tariff imports of Argentine beef in his attempt to lower grocery store beef prices, a White House official said on Thursday, evoking fury from the nation's cattle ranchers.

The administration of U.S. President Donald Trump on Wednesday continued its campaign to cut the cost of beef, with Trump urging cattle ranchers to lower prices while several agencies announced an effort to rebuild the country's decimated cattle herd.

U.S. farmers on Monday criticized President Donald Trump's suggestion that the country may import more beef from Argentina, after they recently lost out to the South American nation on soybean sales to top buyer China.

Archer-Daniels-Midland , one of the world's biggest grain merchants, is offering incentives for U.S. farmers to deliver soybeans to one of its major processing facilities this month as low prices have slowed selling by growers, a grain trader and a company employee with knowledge of the matter said.

U.S. President Donald Trump said on Friday that his administration was working to lower the price of beef in the country.

U.S. data vital to global grain and soybean trading has gone dark during the federal government's shutdown, leaving commodity traders and farmers without crop production estimates, export sales data and market reports during the peak of the autumn harvest.