Tyson Foods will reduce prices on some beef products this week, as grocery store prices soar

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Tyson Foods will reduce prices on some beef products this week, as grocery store prices soar
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Tyson Foods will be discounting prices on certain products for the rest of this week. The price reductions will vary, but Tyson says some beef items sold to grocery stores, restaurants and other customers could be discounted by 20% to 30% through Saturday.

The price reductions will vary, but Tyson told 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.

Read More"We believe the move will also benefit other segments of the supply chain, including the cattle producers, since the objective is to help maintain beef consumption as our plants return to more normal levels of production and work through the backlog of available cattle," Mickelson said.

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