Feedyard

Terrain’s Dave Weaber says placements of cattle into feedlots will continue to shrink, long-feared beef slaughter capacity reductions have arrived, and the beef cow herd hasn’t begun to expand.

Meat Institute report analyzes the state of beef cattle markets and points out current pricing myths.

Data was mostly neutral compared to pre-report expectations.

JBS is the world’s largest meatpacker and it controls around 25% of all U.S. beef capacity and roughly 20% of its hog slaughter capacity.