Patrick Thomas
speaker
216 appearances
5 recordings
2 series
first heard Dec 2025
last heard 10 Jul
Patrick Thomas’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 5 in all, peaking in Jun 2026 with 2.
Appearances
And they're losing 300 bucks per animal going through it.
So we're talking billions of dollars in losses that these packers are sustaining right now.
Yeah, it's how the pendulum swings and it's really swung in the rancher's direction.
And it's been so severe in this particular time that you've seen Tyson closed one of their largest plants in Lexington, Nebraska in January of this year.
You've had expectations in the industry that more big plants will have to close just because it's so unsustainable for packers to keep losing this amount of money.
And keep in mind, Ryan, when one of these plants closes, it's a big deal for the local economies.
They employ a ton of people.
These small towns are kind of company towns.
Despite the higher prices, people really, really love beef and protein in particular with the protein craze.
So beef demand hasn't dropped off.
So it's supported these higher prices.
And that's been the big revelation to a lot of people.
So what can be done about these high prices?
There's a couple of things that could bring some immediate relief, one of which, which is very controversial, is imports.
Importing beef from other countries.
Correct.
The Trump administration, as we've reported, has considered signing executive orders that would basically reduce a tariff rate on certain beef-exporting countries out of South America.
The rancher is scarred from history of low profits, and they don't want to lose the good times.
They are making more money than they ever have in history, and the data backs that up.
They're getting more money for their cattle than they ever have, and they want to keep that going.
Showing 121–140 of 216 · page 7 of 11
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