Tyson Foods: discounting beef, other products for the remainder of the week

Tyson Foods announced Wednesday they will be discounting certain products in grocery stores to help keep the supply chain moving during the pandemic.
Tyson Foods

CNN – Tyson Foods says it will be discounting prices on certain products for the remainder of this week.

The price reductions will vary, but Tyson tells CNN some beef items sold to grocery stores, restaurants, and other customers could be discounted by 20% to 30% through Saturday.
“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,” said Gary Mickelson, the company’s senior director of public relations.
Tyson made the announcement after American grocery store sales soared to some of the highest levels since the 1970s. Overall, the price of groceries grew 2.6%, including seasonal adjustments, in April. That was the biggest increase from one month to the next since 1974.
Tyson said the discounts will be on items such as chuck and round roasts, as well as some other ground beef products.
Prices at the supermarket have been rising sharply because coronavirus has disrupted the food supply chain. When restaurants shut down, Americans started cooking at home, and demand for groceries shot up. But food producers and farmers didn’t have the ability to quickly shift their food deliveries to grocery stores.
Thousands of Tyson Foods meat processing plant workers have tested positive for Covid-19, and several have died. The company has had to shut down more than half a dozen plants for various periods of time due to outbreaks. More than 1,000 of the employees at the recently reopened Tyson pork processing plant in Waterloo, Iowa, tested positive for the virus.
Categories: News