Meat production has rebounded from its low point during the coronavirus pandemic when dozens of plants were closed, but experts say consumer prices are likely to remain high and it will take months to work through a backlog of millions of pigs and cattle.
Mike Drinnin reaches out to a cow at a feedlot in Columbus, Neb., Wednesday, June 10, 2020. Drinnin, who owns feedlots in Nebraska, said everyone involved in raising and feeding cattle felt the squeeze this spring when beef and pork processing plants were operating at roughly 60 percent of capacity amid the coronavirus pandemic. It's welcome news that production is now above 95 percent of last year's level, but a backlog of millions of pigs and cattle remains.
Grocery stores, which absorbed some of the meat price increases this spring, also may not pass along all the price cuts as they try to restore their profit margins. Even as production levels climb, it will likely take all summer and maybe into the fall to work through the backlog of more than 1 million cattle and more than 2 million pigs that was created this spring when dozens of plants were closed. That will continue to create problems for farmers and ranchers who are struggling to find space for all those animals and face low prices because of the supply glut.
“As farmers we’re always trying to plan for the future, and it’s just impossible right now,” said Mike Paustian, the president of the Iowa Pork Producers Association. “The only thing that’s certain is that this problem is not going to go away anytime soon.”
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