The COVID-19 Pandemic affects more of the country on a daily basis, forcing the closure or slowdown of packing plants, and impacting producer’s bottom lines. Here’s the latest around the beef industry.
Industry analysts seem to believe that the U.S. Department of Agriculture overstated new-crop soybean demand for the United States at its annual outlook forum in February, and this has led to a great deal of uncertainty
The average retail price of choice beef was $5.915 cents per pound during August. That is down 17.5 cents from the month before, down 41.3 cents from a year ago, and the lowest monthly average since May 2014.