Rebuilding with resiliency is a necessity for the US beef supply chain

Every cattle cycle presents opportunities for change. The focus for US producers in the next 10 years needs to be on evolving into a beef supply chain that better adapts to the uncertainty that challenges participants in a largely commodity-based business. Production and price risk management are more challenging today for US cattle producers and beef processors than in previous cycles. The beef industry needs to build resiliency throughout the supply chain with the same intensity with which it built demand over the last three decades. Operations focusing on vertical coordination, technology adoption, and policy engagement can create a more economically viable business that can better navigate the chaos of future cycles.