“We’ve been complaining about it for 30 years. It’s probably time somebody does something about it.”
FILE - In this June 10, 2020 file photo, cattle occupy a feedlot in Columbus, Neb. Frustrated with persistently low prices, ranchers and others in the beef industry are moving to reverse decades of consolidation and planning to open new slaughterhouses. The plants will be smaller than those owned by the four beef company giants that now slaughter over 80% of the nation's cattle. That has led to some skepticism about whether the new plants will succeed.
“We’ve been complaining about it for 30 years,” Kemp said. “It’s probably time somebody does something about it.” Still, it's hard to overstate the challenge, going up against huge, well-financed competitors that run highly efficient plants and can sell beef at prices that smaller operators will struggle to match.
The Biden administration has largely blamed declining competition for a 14% increase in beef prices from December 2020 to August. Since 2016, the wholesale value of beef and profits to the largest processors has steadily increased while prices paid to ranchers have barely budged. The companies would market their beef both domestically and internationally as being of higher quality than meat processed at larger plants.
Unless smaller plants can keep expenses down, they will need to find customers who will pay more for their beef, or manage with a lower profit margin than the big companies.According to the North American Meat Institute, a trade group that includes large and mid-size plants, the biggest challenge will be the shortage of workers in the industry.
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