The Economic of Packing Plant Fires and Cattle Prices
August 20, 2019 – About two weeks ago, a fire at a Tyson meat packing plant destroyed about 5 to 6% of the nation’s beef processing capacity. The fire caused a significant drop in the price of cattle and a significant rise in the price of wholesale beef, increasing the packing margin (the difference between cattle prices and beef prices). This has caused a lot of consternation.
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