Ag News From The Nation's Only Full-Time Farm Station
Flames were seen from the roof of a JBS beef packing plant west of Omaha late Sunday night. For the industry, it raises concern as recent market disruption issues in the cattle market appear to have ignited after a 2019 fire at the JBS facility in Holcomb, Kansas.
Beef production in June increased 9 percent over May, and 1 percent year over year, to 2.4 billion pounds according to the Agriculture Marketing Service’s Monthly Economic Landscape.
Since 2000, imports of beef have represented about 11 percent of total U.S. beef production, while exports reflect about 9 percent.
The monthly Cattle on Feed report was bearish but that report does very little about determining where we are now in the balance between supplies and demand for beef.
As the beef industry struggles to find a resolution to market issues that have plagued everyone except the packers, Central Stockyards aims to be a part of the soluiution to the problem.
With more alternative meat products available to consumers, will traditional meat producers lose market share?
After beef packing plant capacity fell to historic lows in late April, beef production and prices today have returned to pre-pandemic levels.
