Coronavirus-Related Cattle Losses at $13.6 Billion

[Don231s]

Brownfield Ag News - Today

A study of cattle industry losses as a result of the COVID-19 pandemic estimates total damages of 13.6 billion dollars as of early April. “The cow-calf sector, for 2020, had projected revenue losses of 3.7 billion,” Peel says. “That works out to about 112 dollars a head for cows and bulls in this country if you look across mature breeding animals.” Market analyst Corbitt Wall says it’s probably going to get worse before it gets better.

Brownfield Ag News Article Link

Crobitt Wall was on Glenn Beck today, too.

 

[chucklenut]

this wasnt because of the covid, this was due to peoples knee jerk reactions to it

so now im out of work and the price of bacon is going up; naw **** that ****

 

[JOZ11M]

I noticed the guy was talking about shortages coming end of month and beginning of May. I don't know about y'all but heck there's been a shortage where I'm at for almost a month now. I'm just glad I keep my freezer stocked.

 

[Cadcom]

"glut of feeder cattle and calves". Somebody needs to alert Kroger to this glut. A 1lb pack of beef labeled for stir fry was $10.99 yesterday. I assume it's still sitting there as I didn't get it.

 

[Trailrider]

My brother in law is a CPA. A lot of his clients are South GA Farmers. He said many of them have contacted him to let him know they've gone out of business in the last 2 weeks. This is all bull****.

 

[Trailrider]

I'm glad I had a decent stock of meat before all this happened too. One of my coworkers' dad runs a beef/deer processing shop. He raises his own cattle and processes everything in house. I bought a half cow worth of meat a couple of months ago and still have plenty. His business hasn't really suffered because he doesn't sell to restaurants or stores, but mostly to regular folks like us and hunters who keep getting meat from him.

 

[WinstonSmith]

Good thing I hunt enough to keep a full freezer and I have a lot of bacon in there with it. No against my will vegetarian diet for me. If we start having dairy shortages too there will be vegans out there fondling themselves in excitement.

 

[GAGunguy]

That doesn't make any sense, how can there be shortages if there is a "glut." If you have low demand for meat (which doesn't make sense, we are all still eating at home, but maybe not buying as many steaks) why not just let your cows continue to graze? And if we have low demand, its just that the farms aren't getting paid as much, which isn't a shortage of meat.

Did everyone suddenly become a vegetarian?

Sounds like some Opec math to me.

 

[prestige30165]

That doesn't make any sense, how can there be shortages if there is a "glut." If you have low demand for meat (which doesn't make sense, we are all still eating at home, but maybe not buying as many steaks) why not just let your cows continue to graze? And if we have low demand, its just that the farms aren't getting paid as much, which isn't a shortage of meat.

Did everyone suddenly become a vegetarian?

Sounds like some Opec math to me.

This 100%......Where did the cattle go???

 

[Don231s]

That doesn't make any sense, how can there be shortages if there is a "glut." If you have low demand for meat (which doesn't make sense, we are all still eating at home, but maybe not buying as many steaks) why not just let your cows continue to graze? And if we have low demand, its just that the farms aren't getting paid as much, which isn't a shortage of meat.

Did everyone suddenly become a vegetarian?

Sounds like some Opec math to me.

If I understand the situation correctly from Wall's interview with Beck, it's that the processors are not working. Yes, there's a glut of cattle, but because of social distancing, the processing plants have all closed, which results in a shortage to the market.