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Assessing Impact of Packing Plant Utilization on Livestock Prices

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  • Tonsor, Glynn
  • Schulz, Lee

Abstract

As the agricultural sector continues to adapt to the situation presented by COVID-19 (Novel Coronavirus), a multitude of questions have developed. One critical development is broader recognition of the importance of ongoing operation of packing plants. This importance reflects the need to sustain ongoing production of meat and meat products for end-user consumption. Moreover, the importance of ongoing operation to ensure business continuity of livestockmarkets is top-of -mind for producers. While the unprecedented response to the COVID-19 pandemic is evolving rapidly, the goal of this report is to provide big-picture guidance on how sensitive cattle and hog prices are to “regular” operation of packing plants. Some major potential concerns as both the beef and pork industries drift closer to maximum packing capacity are labor availability and temporary plant closures or reduction in shifts. There is a big difference between maximum physical, or rated, capacity and operational capacity with labor often being the driving factor.

Suggested Citation

  • Tonsor, Glynn & Schulz, Lee, 2020. "Assessing Impact of Packing Plant Utilization on Livestock Prices," ISU General Staff Papers 20200404070000, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:20200404070000
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    Cited by:

    1. Jayson L. Lusk & Glynn T. Tonsor & Lee L. Schulz, 2021. "Beef and Pork Marketing Margins and Price Spreads during COVID‐19," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(1), pages 4-23, March.
    2. Mindy L. Mallory, 2021. "Impact of COVID‐19 on Medium‐Term Export Prospects for Soybeans, Corn, Beef, Pork, and Poultry," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(1), pages 292-303, March.
    3. Padilla, Samantha & Schulz, Lee L. & Vaiknoras, Kate & MacLachlan, Matthew, 2021. "COVID-19 Working Paper: Changes in Regional Hog Slaughter During COVID-19," USDA Miscellaneous 316501, United States Department of Agriculture.
    4. Christopher C. Pudenz & Lee L. Schulz, 2022. "Multi-plant Coordination in the US Beef Packing Industry," Center for Agricultural and Rural Development (CARD) Publications 21-wp630, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    5. Shalynn Sumrow & Darren Hudson & Oscar Sarasty & Carlos Carpio & Christy Bratcher, 2024. "Consumer preferences for worker and supply chain risk mitigation in the beef supply chain in response to COVID‐19 pandemic," Agribusiness, John Wiley & Sons, Ltd., vol. 40(1), pages 299-315, January.
    6. Pudenz, Christopher C. & Schulz, Lee & Schulz, Lee L., 2022. "Multi-plant Coordination in the US Beef Packing Industry," ISU General Staff Papers 202202141403110000, Iowa State University, Department of Economics.

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