The livestock industry suffered a serious blow when fire destroyed a Tyson Foods beef packing plant in western Kansas. Northstar Commodity Chief Analyst Mark Schultz says the plant is a major packing facility. The livestock markets reacted violently to the news of the fire. “It could be down three to six months. That’s an early estimate and significant loss to the industry and it will eventually back up cattle,” says Schultz. “The cattle weights will go up, the cash market will tumble and the packer would be back in the driver seat at the present time.”
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