Packer margins rebounded sharply in mid-March as reduced slaughter tied to a labor strike at a JBS beef plant in Greeley, Colo., constrained capacity and lifted beef values, according to data from Sterling Marketing produced by Drovers. Union workers at the Greeley facility went on strike last week, contributing to…
Packer margins rebounded sharply in mid-March as reduced slaughter tied to a labor strike at a JBS beef plant in Greeley, Colo., constrained capacity and lifted beef values, according to data from Sterling Marketing produced by Drovers.
Union workers at the Greeley facility went on strike last week, contributing to one of the lowest weekly slaughter levels on record or near it. Estimated cattle slaughter for the week totaled 511,000 head, down from 525,000 the prior week and well below year-ago levels…