Tyson Foods to shut down major beef processing plant in Nebraska

Tyson Foods announced plans to shut down a plant in Lexington, Nebraska, that employs 3,200 workers. Tyson says it also plans to cut one of two shifts at a plant in Amarillo, Texas.

The two moves will significantly reduce beef processing capacity nationwide, at a time when the United States faces high beef prices and its lowest cattle inventory in decades.

Here & Now's Scott Tong speaks with Ernie Goss, economist at Creighton University in Omaha, Nebraska.