Kay’s Cuts: US meat packers recovery
United States beef packers are being investigated by the USDA, the US Justice Department and others for any illegal market behavior when the COVID-19 pandemic caused the US processing industry to virtually shut down for two months back in April. Fed cattle prices fell sharply at the time, as slaughter-ready cattle backed up following a wave of temporary closures, while retail meat prices moved sharply in the opposite direction.
How startling, then, that US packers have performed a minor miracle by returning to full production levels by mid-June.
(Wednesday, 22 July 2020 - Beef Central)
HomePAGE | CattleTRADER | CattleMARKETS | EventsCALENDAR | CattleLINKS | Logon