Wide regional variations in prices for fed cattle were found this week and the cash trade was slow to develop. The season's first winter storm affected the sales and movement of both fed and feeder cattle.
The coronavirus is another “black swan” that is different in some fundamental ways from other such events in cattle markets, such as the packing plant fire last year or even the first BSE case in late 2003.
Could a meatless revolution curb the cravings of a $900-billion-plus global real-meat market? New money shines brightest, but despite a stampede of investment, the future of fake meat is hardly settled.