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Tonsor, Schulz examine plant closure impacts on hog, beef prices

Economists estimate 20% less utilization of meat packing plants (because of COVID-19) would result in a 36% reduction in market hog prices.

On Monday, JBS extended their Greeley, Colo. plant closure. The beef processing plant will now remain shuttered until April 24.

Will lease site for the remainder of this year as operations wind down.

The plant is one of the largest pork processing facilities in the U.S., representing 4-5% of U.S. pork production.

Before the pandemic, the Yamachiche plant's weekly slaughter capacity was 28,000 hogs.

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