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
WSJ What’s News · Amazon Overtakes Walmart as the Biggest U.S. Company by Revenue · 19 Feb 2026
podcast
What that does is they've really increased the imports of lean ground beef, which allows for some more ground beef production.
It's not enough to really move the needle broadly.
And remember, some of the efforts of trying to incentivize herd rebuilding, it still takes two years due to the biological clock of the animals.
So once we do have rebuilding, we're still looking at high beef prices for two years at least.
By and large, demand has not fallen off.
People love protein.
They're really obsessed with high-quality steaks.
You could even say that this speaks to the K-shaped economy of, like, people doing well right now are still buying the high-quality stuff, and people are still buying the ground beef that's traditionally cheaper.
So maybe it's a strange reflection on the American economy right now.
Exactly.
Thanks so much for having me.
It's hard to understate how important that plant has been.
It's a massive economic engine.
It's the cornerstone of that town.
It's the largest employer.
Like when you think of Lexington, it is a meatpacking town.
The big reason why is that cattle prices are at their highest they have ever been.
So we've had a cattle shortage in the United States here really stretching on a couple of years.
The meatpackers that buy these cattle have had to pay much higher prices than they ever have to get them from feedlots, which is where all the cattle come from.
They're bought from ranchers.
Showing 161–180 of 216 · page 9 of 11
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