President Trump suggested he was open to changing federal regulations on beef processing, as the administration continues to target high meat prices as a priority.

Giant beef processor Tyson Foods is ending operations at its beef plants in Joslin, Ill., and Eagle Mountain, Utah, which will result in the layoff of about 3,200 employees. The Springdale, Ark.-based company also plans to sell its Pasco,

President Trump said he'd look into rolling back beef regulations as imports upset ranchers.

U.S. meatpacking companies have been squeezed by a shortage of cattle with domestic supplies falling to their lowest level in 75 years.

The food processing giant has long warned investors about the risks of extreme weather. Those risks have arrived. This week, Tyson Foods announced that it is restructuring its beef business, closing or selling three of its facilities as it deals with “one of the most historic cattle shortages the country has ever experienced.

NASHVILLE, TENN. (RFD NEWS) — The U.S. cattle herd is still facing mounting pressure. Arlan Suderman with Stone-X tells RFD NEWS that the situation at the U.S.-Mexico border is playing a big role in the closure of several large-scale processors.

A Wisconsin cattle producer says expanded beef imports could create uncertainty that slows herd rebuilding efforts in the state and across the U.S.

Agricultural experts believe the prolonged decline in the size of America’s cattle herd—and few indications of any imminent recovery—will continue to put upward pressure on the prices American households are paying for beef for the foreseeable future.