North American Meat Institute Issues Statement on USDA Investigation into Beef Markets Following Extreme Events

The North American Meat Institute today released the following statement about a USDA investigation into beef price margins. The report, which identifies no wrong-doing, affirms that two extreme and unforeseen events affected beef markets. The first event was an August 2019 fire at Tyson Foods’ Holcomb, Kansas, beef plant, and the second is the COVID-19 pandemic.