Stirring Through the Ashes after the Tyson Fire Tomorrow will mark three weeks since the major fire that shutdown the Tyson beef packing plant in Garden City, Kansas, but cattle slaughter volumes have been holding up, actually increasing for the two weeks after the fire compared to the two weeks before the plant closure. The gain has come mostly through Saturday slaughter and some plants shifting cow slaughter to fed steers and heifer.
With the timing of the fire coming before the Labor Day holiday, retailers reacted by buying up supplies and boxed beef prices charted out like a hockey stick, while negotiated dressed cattle prices looked like an upside down hockey stick. As an aside, even the drop-value of off al...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...