Ag Secretary Sonny Perdue has directed the USDA’s Packers and Stockyards Division to investigate the recent beef pricing margins following the fire at the Tyson beef plant in Holcomb, Kansas.
Iowa Secretary of Agriculture Mike Naig says beef producers deserve answers. “When you have fire and you take a plant down and yet you see a surge in harvest capacity and then a dropping of live prices and then a surge in the value of boxed beef – there’s a concern with what is happening with packer margins,” he says.
