U.S. beef packers including Tyson Foods and Cargill are racking up historically high margins, thanks to slumping cattle prices amid a supply glut and as Americans turn to beef for their backyard summer barbecues.
Anecdotal evidence and supply observations suggest packers have recently had a negotiating advantage over feedlots. Packer margins continue to be wide and the supply of cattle on feed continues to be high.
Despite struggling for most of 2015, U.S. pork exports posted a strong finish during December, ending a tough year on a high note. December export volume was up 3 percent from 2014. For the year, U.S. pork and pork vari