Iowa cattle producers say they re hemorrhaging money while packers profit thehawkeye.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehawkeye.com Daily Mail and Mail on Sunday newspapers.
Capacity Constraints in U.S. Beef Supply Chain
Wednesday May 12th, 2021 Black swan events gathered much blame for poor prices and margins, yet, even without the pandemic and a packing plant fire, packers held market leverage as processing capacity was often stretched to its limits.
Adding packing capacity would result in both a larger U.S. beef industry and more balanced profitability throughout the supply chain, RaboBank’s food and agriculture division said last fall.
“If such expansion can be achieved through in-plant technology improvement and new, consumer demand-driven small and medium-sized plants, profitability will be more evenly distributed throughout the beef and cattle supply chain,” according to Dustin Aherin, RaboBank analyst.
National Beef Packing plans $100 million-plus Tama plant expansion desmoinesregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from desmoinesregister.com Daily Mail and Mail on Sunday newspapers.
Imports Have NoDak Producers Singing The Blues.
Beef imports into the United States went up 150% in 2020.
One hundred and fifty percent.and still we couldn t find a pound of ground chuck on the shelves once the pandemic started to ramp up. Everything is sooo screwed up. When I learn something, I like to pass it on. I m sure this is a discussion that s been echoing in the livestock industry for years but I finally got around to listening a little closer.
Some imported beef considered
Bill Bullard CEO of R-CALF USA a group pushing the profitability of US beef says this-