Cattlemen scrape by while processors reap the profit
April 26, 2020
Oklahoma cattle ranchers had been hoping this would be a banner year.
COVID-19 took care of that.
Now many of the ranchers and farmers across Oklahoma and the Midwest are praying they can just hang on until the economy rebounds.
While cattlemen may sow the seeds and harvest the crop, packers and processors are the only ones now reaping the profits.
Raising cattle has always been difficult. But prices plunged last August following a fire that shuttered one of the nation’s largest packing plants in Holcomb, Kansas, and they were just starting to rebound when the pandemic came calling.