Actions helped stabilize meat industry
Story Date: 4/6/2021

 

Source: Chris Clayton, PROGRESSIVE FARMER, 4/1/21

Lee Reichmuth, who runs a cattle feedyard near Lindsay, Nebraska, recalls a year ago seeing "records broken" in cattle markets, such as boxed beef price moving from a little more than $2 a pound to the range of $4.75 a pound while, at the same time, the April futures contract for fed cattle took a $40 dip in value. A year ago, as much of the country was in lockdown, the supply chain for meat buckled as workers by the hundreds at packing plants across the country...

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