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Noble Ranch
Derrell Peel: Be Careful What You Ask For

The anger and frustration of some cattlemen has turned to accusations and proposals for change that will have long-term implications and unintended consequences for the cattle and beef industry.

Losses to the cow-calf sector are estimated at $3.7 billion due to the coronavirus
Derrell Peel: USDA Offers Help For The Cattle Industry

The beef cattle industry will receive $5.1 billion of CFAP funding to partially offset 2020 losses due to COVID-19. USDA expects to begin sign-up in early May and distribute payments by late May or early June.

Derrell Peel: Meat Production Threatened With Disruption

The U.S. meat industry faces unprecedented threats as COVID-19 sweeps through labor forces nationwide.  Production of beef, pork and poultry are simultaneously threatened by labor availability and processing capacity.

Beef Market Impacts From COVID-19 Vary Widely

It's not clear where the boxed beef cutout will settle out in the coming days. At the same time, the demand for food service has dropped sharply leading to a diverse set of impacts on various wholesale beef cuts.

Feeder markets have shown extreme volatility
Derrell Peel: Cattle Market Responses To Recent Market Turmoil

The current cattle market situation creates significant disparities between the current supply and demand situation and expectations for coming supply and demand conditions.

Beef and pork are not in short supply.
Derrell Peel: Record Meat Supplies In 2020

It is critical for consumers to know that there is no shortage of meat in the U.S.  In fact, production of beef, pork and poultry are projected at record levels in 2020.

Supply chains disrupted by coronavirus
Derrell Peel: Beef Supply Chains Affected By COVID-19

The U.S. and global economy is in uncharted waters. There are many unknowns about the timing, severity and aftermath of the disease. For beef, there are longer-term questions about the overall impact on demand.

Wholesale beef values are lower than last year.
Derrell Peel: Is COVID-19 Impacting Beef Demand?

Current wholesale beef values are lower year-over-year, but it's too early to gauge what impact the COVID-19 virus has had on both export and domestic beef demand.