LIMOUSIN TODAY | Page 176

Markets Beef Packing Finds Balance By Lee Schulz, Iowa State Extension Livestock Economist In 1999, packing plants that slaughtered more than 1 million cattle per year slaughtered 19.9 million head, or 56.1%, of the federally inspected cattle slaughter (Figure 1). In 2018, plants with over 1 million head per year capacity slaughtered 18.4 million head, or 56.5%, of the FI slaughter. Their volume is down, and it’s a stretch to characterize a 0.4% rise in market share over 20 years as a takeover. 174 | JUNE/JULY 2019 The relatively small rise in market share by the giants suggests that smaller slaughter facilities, in aggregate, are maintaining market share. In 2018, packing plants that slaughtered between 1 and 9,999 head slaughtered 427,300 head, or 1.3%, of the FI cattle slaughter annually, 3.5% for plants slaughtering between 10,000 and 99,999 head, and 38.7% for plants slaughtering between 100,000 and 999,999 head. This compares to 1.5%, 4.4% and 38.0%, respectively, in 1999.