Markets will do what markets will do
According to K-State Extension Livestock Market Economist Glynn Tonsor, cattle markets have mostly recovered to what they were just before the Tyson plant fire. Boxed-beef prices, which spiked right after that event, are too back at levels just below what they were prior to the fire. Tonsor says, this all has to do with markets doing what markets do, according to the Oklahoma Farm Report.
"There are a lot of things that go into the establishment of prices in live and feeder cattle and wholesale beef markets. That fire and supply chain disruption certainly played into that, but it's certainly not the only thing that the markets have recovered," he said, adding why that is a good thing. "The fact that the wholesale beef market has pulled back isn't necessarily a good thing if you want to talk about it from a producers' perspective, but market will do what markets will do if we let them."
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