Agriculture Shorts

Bloomberg reported Tyson’s beef operations posted a bigger loss than expected in the second quarter. The company expects to lose $350-$500 million in fiscal year 2026 in its beef operations . . . The USDA closure of the Beltsville Agricultural Research Center in Maryland will result in the relocation of a few employees to the Meat Animal Research Center (MARC) in Clay Center . . . Kris Bousquet, director of the Nebraska State Dairy Association, said Nebraska will soon have a new dairy processing plant. The company is renovating an old food facility into a processing facility . . . The AAA reported the average price of regular gasoline last week was $4.56 per gallon, up more than 50% since the start of the Iran war. The average price exceeded $4.00 in every state except Oklahoma . . . Magnetic Ag said Brazil recently passed the U.S. as the world’s largest beef producer with 20% of global production versus 19% for the U.S. . . . Axios reported that through the first four months of 2026 companies with fewer than 20 employees have added 236,000 jobs, according to ADP, accounting for 95% of the economy's net job gains over the period.