Beef prices begin to rise as beef processing plants open again

1 month 2 weeks 6 days ago Monday, August 03 2020 Aug 3, 2020 Monday, August 03, 2020 2:00:00 PM CDT August 03, 2020 in News
By: Jasmine Lotts, KOMU 8 Reporter
loading

COLUMBIA - Beef prices are slowly recovering after a dip from when beef processing plants were closed due to COVD-19, according to Missouri’s Beef Council executive director, Mark Russell. 

It may seem backwards to raise prices when there's more product, but according to Russell, this is because packaging plants have to catch back up due to such a large backlog. 

"We're 15-20% below where we were back then," Russell said. "But we're optimistic that once the backlog of cattle get up in the supply, then the demand would equalize that a little better," said Russell 

Plants are starting to reach back to 90% capacity and process as many animals required in a day’s time. 

Due to COVID-19, beef processing plants closed for days at a time six weeks ago because several workers were affected with the virus. 

The affected plants resulted in an overstock supply in cattle because there were limitations of how many animals were able to be processed. 

The beef plants were at less than 50% of capacity due to factory lines being slowed down with fewer workers. 

According to Russell, fewer workers and an overstock of supply means it became difficult for retails shelves to be fully supplied with beef at a timely manner. 

“We always had plenty of cattle, but we couldn’t get them processed in a timely fashion. There was more cattle then there was the ability to process cattle,” Russell said. 

There was shortage of 25-35% of beef on the shelves. 

Farmers’ pay was reduced by 25% because of the overstock in cattle, according to Russell. 

“Because there was a backlog of cattle, farmers and ranchers actually got paid less because there was more supply than what they could get processed," he said. "But then once you got it through, a retailer only had a limited supply and would pay higher prices, and then pass that on to their consumers in order to have beef in the stores,” Russell explained. 

Russell said that beef processing plants are participating more safety measures to avoid workers becoming sick again.  He said workers are monitoring employees’ temperatures before, and while they are working on the line each day. 

More News

Grid
List
COLUMBIA - The Columbia Public Schools district tracker reported Monday that in 14 days there were only 49.2 positive cases... More >>
8 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 8:34:00 PM CDT September 22, 2020 in News
COLUMBIA – College football season is back and the Missouri Tigers will take on Alabama this Saturday. In-person attendance... More >>
10 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 6:48:00 PM CDT September 22, 2020 in Sports
COLUMBIA - Trash and recycling workers urged Columbia City Council during Monday night's meeting to consider the staffing shortages and... More >>
10 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 6:23:00 PM CDT September 22, 2020 in News
COLUMBIA - It's been several weeks since the University of Missouri semester began. Several MU students said they haven't been... More >>
10 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 5:52:00 PM CDT September 22, 2020 in News
COLUMBIA - The Rock Bridge Hy-Vee had a drive-thru event for the community Tuesday, where anyone could come and pick... More >>
11 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 5:42:00 PM CDT September 22, 2020 in News
COLUMBIA - Missouri Head Football Coach Eli Drinkwitz confirmed seven players will be out for Saturday's game due to COVID-19... More >>
11 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 5:38:00 PM CDT September 22, 2020 in Sports
(CNN) -- Vanessa Bryant is suing the Los Angeles County Sheriff's Department and Sheriff Alex Villanueva for a photo leak... More >>
11 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 5:03:57 PM CDT September 22, 2020 in News
COLUMBIA- There are more than 900,000 Missouri residents who experience a mental illness each year, including nearly 200,000 who experience... More >>
13 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 3:26:00 PM CDT September 22, 2020 in A Brighter Tomorrow
MISSOURI - There's a new phone scam making waves, and the FBI wants the public to be in the know.... More >>
13 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 3:24:00 PM CDT September 22, 2020 in News
COLUMBIA - Beginning Wednesday, Sept. 23, at 7 a.m., Ameren Missouri will repair a leak on a gas main under... More >>
13 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 3:00:00 PM CDT September 22, 2020 in News
COLUMBIA - Boone County downgraded from the red zone in the latest White House COVID-19 Task Force report, while eight... More >>
14 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 2:45:00 PM CDT September 22, 2020 in News
CENTRALIA - The Centralia Public School District began providing all students and community members 18-years-old or younger with free breakfast... More >>
14 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 2:43:00 PM CDT September 22, 2020 in News
COLUMBIA - One would think Uber and Lyft drivers’ pockets would hurt a little bit from Boone County’s alcohol restrictions,... More >>
14 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 2:17:00 PM CDT September 22, 2020 in News
MISSOURI- As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. The... More >>
15 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 1:00:00 PM CDT September 22, 2020 in News
(CNN) -- NBA legend Michael Jordan will be trying his hand at a new sport soon, NASCAR. Jordan and... More >>
16 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 12:12:47 PM CDT September 22, 2020 in News
(CNN) -- What happened today seemed impossible to many Americans six months ago. When Dr. Anthony Fauci predicted in... More >>
16 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 11:57:00 AM CDT September 22, 2020 in News
COLUMBIA- Missouri candidates for governor will participate in a forum at 2 p.m. Friday, Sept. 25, sponsored by the Missouri... More >>
17 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 11:15:00 AM CDT September 22, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. Previous coverage: ... More >>
17 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 11:00:00 AM CDT September 22, 2020 in News
Columbia, MO
Broken Clouds 62°
5am 62°
6am 62°
7am 61°
8am 62°