The JBS beef plant in Greeley, Colorado, went on strike yesterday. Today is day two of the labor shutdown. The Greeley plant can process about 6,000 head per day, or 5 percent of the U.S. beef supply. This is a major disruption. Notably, it comes on the heels of Tyson closing its plant in Lexington, Nebraska, and cutting production in half at its Amarillo, Texas, plant by eliminating a second shift. Amarillo processes about 6,000 head per day, now down to 3,000 head, and Lexington processes about 5,000 cattle per day. The supply of cattle has been at its lowest since 1951. As a result, Live Cattle futures closed higher yesterday, with the April 2026 contract settling at $233.25/cwt, up $2.35 on the day. Feeder cattle also finished sharply h...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
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