Overcapacity.
Several ag trade journals have mentioned recently that the nation’s shrinking cattle herd has transformed the shortage of processing capacity into excess capacity within the past two years.
I see the situation a bit differently.
Disruptions to Our Food Supply Didn’t End as COVID Faded
Mention disruption to the food supply, and people tend to think about the COVID-19 pandemic.
However, disruption has been coming in all shapes and sizes since 2020. Hurricanes, forest fires, droughts, and other climate-related disruptions are becoming more frequent. Cybersecurity breakdowns and geopolitical disturbances are also common.