To offset losses, companies like Tyson, Smithfield Foods, and JBS Foods have been implementing cost-cutting measures within their operations. Tyson Foods, in particular, has announced the closure of eight facilities since the beginning of the previous year, including six chicken plants and two case-ready meat processing plants. Despite these closures, Tyson is strategically investing in areas of its business with higher growth potential. In January, the company inaugurated a US$355 million automated bacon processing plant in Bowling Green, Kentucky.