Source: AGWEB, 4/17/20


The U.S. Cattlemen’s Association (USCA) released a report (April 17, 2020) detailing an economic assessment of the damage the COVID-19 pandemic has had on the U.S. cattle industry. The analysis, compiled by Brett Crosby of Custom Ag Solutions and BeefBasis.com using existing market data and futures market data, says the total actual and future impact of the virus is forecast to exceed $14.6 billion. The analysis focuses on the effects of the COVID-19 pandemic to three primary sectors of the cattle production chain: feedlot, backgrounding, and cow/calf.

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