Analysis Cattle & Beef
United States invests in slaughter capacity
The American government has announced a new investment in the slaughter capacity of the country. With the investment, the United States Department of Agriculture (USDA) aims to address bottlenecks in the chain to lower meat prices. The plan is part of a larger program with previous investments.
The USDA is investing $35 million in the new round in fifteen facilities in twelve states. The investments are intended to help livestock farmers compete better and counter inflation. According to the American Secretary of Agriculture, the COVID-19 pandemic has exposed various bottlenecks in the American meat sector. The money will be used to address these issues as much as possible.
The investment is part of a larger program. In 2022, the Biden administration introduced an investment program in American agriculture aimed at significantly reducing food costs. The United States has invested billions in the program, of which $325 million has gone to the meat sector so far. There is money for a total of 74 projects. The USDA claims to have increased the capacity of slaughterhouses in the United States by 800,000 cattle, 14,000 pigs, 23 million chickens, and 5 million turkeys.
