Analysts Warn: Adding Cattle Processing Facilities Could Hurt Production in Years to Come

During a hearing on July 27th, the House Agriculture Committee voiced to congressional members that more long-term strategies needed to be put in place for the beef supply chain to prevent future industry-wide issues. Representatives cited the pandemic, JBS cyberattack and more as examples to put proactive measures in place. While federal funding for increasing and diversifying processing capacity have been proposed, analysts caution the large amount of investments may actually create overcapacity and hurt production down the road. See how actions taken now could impact cattle processing in the next 3-5 years.