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A fire broke out in the box shop of a Tyson Foods beef plant in Holcomb, Kansas, on Friday night, with no injuries reported. The company is shifting processing to other Kansas plants during rebuilding, and cattle markets fell Monday and Tuesday on processing capacity concerns.
The Kansas Livestock Association estimated the plant processes about 6,000 head per day.
Rerouting cattle to other plants strains regional packing capacity and raises logistics costs for fed cattle. Lower processing capacity adds downside pressure on live cattle prices.
agri-pulse.comChloé Fowler14 août 2019Après 29 événements logistique baissier passés, Bovins vivants a varié en médiane de -0,3 % sur 5 séances (38 % de hausses ; moitié centrale de -2,0 % à +0,5 %), et de -3,7 % sur 20.
Variations du benchmark de chaque matière depuis la dernière clôture avant l'événement. Les lectures historiques regroupent les événements passés de même nature ; elles décrivent ce qui s'est passé, pas ce qui arrivera. Ceci n'est pas un conseil en investissement.
Markets fell Monday and Tuesday on processing capacity concerns as Tyson shifted processing to other plants, so lost demand for fed cattle drove prices lower.
It confirms the Friday night fire, the shift of processing to other plants, and the Monday market decline on capacity concerns, though it was published after the move.
