Rising U.S. beef prices are leading to investment in new processing plants, including a new facility in Iowa being built by Marfrig. There’s been a modest improvement in U.S. beef exports of 5.2% year over year in the three months to Jan. 31, driven by a 54.5% increase in shipments to China as part of the phase 1 trade deal. That growth may have stalled in February with total U.S. seaborne exports of beef up by just 0.1% year over year. Exports linked to Marfrig dropped by 78.8%, potentially as it focuses on supplying the U.S. market. Shipments linked to Tyson meanwhile surged 10.9% high...