Reflecting on Beef Industry Resilience, Risk Moving Into 2021

The COVID-19 pandemic was one of a few “black swans” to hit the beef industry in the last year, a list that also includes a processing plant fire in southwest Kansas that shuttered operations and trimmed demand. Despite the risk-off environment those events created, which sent investors to other safer commodities temporarily, the industry has bounced back to some degree and needs to stay proactive and adapt to future change in order to develop much-needed resilience, one economist said this week. Part of that is integrating technology that can bolster both efficiencies and resilience. See more on the state of the beef business here.