Part III: The state of America’s beef industry
Commentary By Bill Bullard, Ceo, R-calf Usa
Wednesday, March 18, 2026
In Part I, we talked about how the concentration in the marketplace exploded from 1980 to 2021, and how that explosion in concentration resulted in a complete reversal of the allocation of the consumers’ beef dollar to each participant in the beef supply chain. In Part II, we discussed how the government allowed the beef packers to form a tight oligopoly with access to imported beef and cattle from around the world, resulting in fewer opportunities for domestic producers that caused the domestic cattle industry to shrink. We ended with the statement that 15 years ago, the U.S. cow herd shrank to a level too low to allow the cattle industry to withstand even a moderate economic shock.