Third Quarter 2020 Beef Imports Highest in Two Decades, Cattle Prices Lowest in 10 Years
Pierre, SD, USA / DRGNews May 9, 2021 | 9:04 AM At over one billion pounds, the volume of beef imports in the third quarter of 2020 was higher than any third-quarter volume in at least the past two decades. This third-quarter 2020 spike in beef imports coincides with the lowest reported monthly price of fed cattle in over a decade, with the national monthly fed steer price at only $95.33 in July 2020. R-CALF USA filed a lawsuit against the four largest beef packers in early 2019 alleging they violated antitrust statutes and other laws by conspiring to artificially depress fed cattle prices s...
Source: drgnews.com