Cow-calf Producers Responding to Market Events and the Beginning of a Beef Cow Selloff
Dr. Elliott Dennis, Assistant Professor, Livestock Marketing Economist, Department of Agricultural Economics, University of Nebraska – Lincoln The Holcomb packing plant fire has certainly been a black swan event – rare, unpredictable and has had dramatic effects on the cattle industry. These dramatic effects have ranged from massive selloffs in the futures market, record packer profit margins coupled with increases in Saturday harvest numbers, and volatile feeder and fed cattle prices.[1] But to…