Tyson Foods to temporarily cut meat prices to supermarkets, restaurants

Tyson Foods to temporarily cut meat prices to supermarkets, restaurants

(WFIE) - Tyson Foods will cut prices this week for some beef products it sells to supermarkets, restaurants and other food retailers by 20 to 30 percent.

The move comes in response to surging prices caused by the virus outbreaks at meatpacking plants.

Tyson processes a fifth of the nation’s beef.

Wholesale prices for ground beef have topped $6 a pound, which is more than triple the cost at the beginning of March.

Copyright 2020 WFIE. All rights reserved.