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A massive hacking incident against beef processing giant JBS caused an estimated 20% of U.S. beef packing plants to grind to a halt earlier this week. JBS was quick to get things back online, but the attack raises questions about cyber security and market consolidation.

Cattle ranchers across the region have expressed concerns about certain companies getting too much power and affecting too much of the market. According to USDA estimates, only four companies control about 80% of the beef processing market.

Panic buying has slowed down considerably since this spring, but one thing still lingering is higher demand for meat that's easier for people to cook themselves.


The pandemic has beef markets on a roller coaster, and Shohone, Idaho's Amie Taber is among the ranchers along for the ride.

 


Beef prices are on the rise while live cattle prices are falling. One reason for that is COVID-19 disrupting meat processing plants. There are more cattle and less product because some cows can’t get processed. But many suspect there's more to the story.


Upsplash

The trade war with China has brought in many additional tariffs to American exports, wreaking havoc on some industries, but how much is it affecting Nevada's beef industry?  

Better Forecast For Nevada Cattle Producers

Jan 5, 2016
U.S. Dept of Agriculture

The U.S. cattle market spent most of 2015 in a slump, but there’s some good news on the horizon for Nevada's ranchers in the New Year.

A few factors led 2015 to be a less-than-stellar year for the cattle market, including commodity market fluctuations, increased imports and lower demand for choice cuts of beef.

But Flint Wright of the Nevada Department of Agriculture says one of the biggest culprits has been the trend toward fattening up cows.