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A fierce rival of Chicago's Union Stock Yards, the Omaha Union Stockyards were third in the United States for production by 1890. [2] In 1947 they were second to Chicago in the world. Omaha overtook Chicago as the nation's largest livestock market and meat packing industry center in 1955, a title which it held onto until 1971. [3]
After a downturn in the market and changes in the livestock industry, the Union Stock Yards Company of Omaha lost value through the 1960s. In 1973 the Union Stock Yards Company of Omaha was sold to the Canal Capital Corporation of New York. In 1999 the Union Stockyards were closed by the City of Omaha, and replaced with a business park. [9]
The Livestock Exchange Building in Omaha, Nebraska, was built in 1926 at 4920 South 30 Street in South Omaha. [3] It was designed as the centerpiece of the Union Stockyards by architect George Prinz and built by Peter Kiewit and Sons in the Romanesque revival and Northern Italian Renaissance Revival styles.
It has been difficult for labor to organize in such locations. In addition, the number of jobs fell sharply due to technology and other changes. Wages fell during the latter part of the 20th century, and eventually, both Chicago (in 1971) and Omaha (in 1999) closed their stockyards. The workforce increasingly relied on recent migrants from ...
The stockyards closed in 2001. Only one major meatpacker remains in town. The city's fortunes ebbed as family-owned businesses gave way to corporations and the consolidation of American industry.
The Omaha Royals become the Omaha Storm Chasers in 2011. By the 1960s, the Omaha Stockyards had become the world's largest livestock processing center. They surpassed Chicago's Union Stock Yards in the late 1950s. Organized labor's hard won gains came undone as the industry restructured in the 1980s and 1990s.
Why the Oracle of Omaha is sitting on his cash hoard. Greg McKenna. November 12, 2024 at 11:29 AM. Warren Buffett has never sat on more dollar bills. (Daniel Zuchnik—WireImage)
Warren Buffett sold a whopping $7B worth of stock in Q3 — he even unloaded shares of 2 American 'dividend kings.' But here's why the Oracle of Omaha could be dead wrong