Glynn Tonsor

“This is just the latest example of the industry attempting to ‘right size’ in relation to current and future animal inventories,”

Glynn Tonsor · said date not stated · reported 2026-08-21

Glynn Tonsor commented on meatpacking plant closures adjusting to cattle supplies.

“There’s 10% to 20% of the US public that is doing better than a year ago, particularly those who have home ownership or stock market equity exposure. So the wealth effect is bigger for that group, and they aren’t batting an eye at a ribeye price,”

Glynn Tonsor · said date not stated · reported 2026-08-21

Glynn Tonsor described how higher-income earners continue to sustain strong demand for beef despite high prices.

“For the majority of the last 40 years, nationally, the US has had more capacity to harvest cattle than we’ve had cattle,”

Glynn Tonsor · said date not stated · reported 2026-08-21

Glynn Tonsor discussed long-term historical trends in US cattle processing capacity.

“Anytime you have too much capacity, or ‘too much’ supply relative to what is needed in the market, that puts downward pressure on the margins in that sector. That’s not new.”

Glynn Tonsor · said date not stated · reported 2026-08-21

Glynn Tonsor explained how excess beef processing capacity puts downward pressure on industry margins.