The fire at Tyson's beef plant was much like throwing a rock into a pond resulting in a big initial splash and ripple effects spreading in all directions. The initial splash included a dramatic set of market reactions.
From a CAB production view, the temporary loss of one of our largest product sources is a concern and the marketplace will likely respond to the supply hit with some logical and some added emotional reaction.
After a fire Friday night that closed its Holcomb, Kan., beef packing facility, Tyson Foods says it will continue to pay employees and utilize other sites in its network to keep the beef supply chain moving.
In the coming months feed cost and availability will be a challenge. One opportunity livestock producers can use to get ahead is to store wet or modified distiller’s grains now to be fed at a later date.
Total federally-inspected beef production was 12.1 billion pounds in the first 24 weeks of 2019, up just 0.7 percent from the same period last year. That is an average production of 502.4 million pounds per week.