Last week, Tyson Foods CEO Donnie King offered investors a sobering report on beef prices: “Beef hasn’t performed the way we expected,” King said during an earnings presentation, “and we’re not pretending otherwise.”
These soaring prices have not just left meatpacking giants like Tyson looking for answers, they’ve impacted the entire cattle industry. And while some sectors like feedlot farmers are beginning to reel from dwindling inventories, others—like ranchers—are being minted as the major winners.
