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North American processing capacity affects livestock profitability

While the red meat sector was feeling optimistic at the beginning of 2020, it’s safe to say COVID-19 has changed that. Significant dips in slaughter and processing capacity have seriously affected livestock prices.

A recent article from Farm Credit Canada (FCC) examines the trends and realities of livestock production during the COVID-19 pandemic. The main factors the FCC recommends monitoring as the situation continues include lower availability of red meat, shifting trends in livestock production and lower demand for red meat.

For more information, check out Livestock profitability tied to North American processing capacity.