Meat industry analysis company Urner Barry has released the following report about boxed beef prices in the wake of last week’s fire at a Tyson beef plant in Holcomb, Kan., as well as other factors affecting the beef industry:
“Boxed beef margins hit record levels Friday. The last leg up in the run is almost entirely driven by the reaction to the Tyson Food's Holcomb, Kansas plant fire late the previous Friday and closure of the facility for an extended, unknown period. Before we expand on that, let's look at what set the table to start in quick fashion because these are topics we have covered if you have been reading our comments for some time.