Despite cattle prices being lower than year-ago levels, of the major livestock markets beef has weathered the storm better than poultry or pork.
Beef demand may also be impacted as weather disrupts travel and business.
The past week of poor weather has kept the beef market downs.
Severe weather inevitably means management challenges and higher costs for producers but may also have market impacts if poor conditions are widespread enough.
The meat market for 2015 looks to be interesting.
Trade data for May shows sharply lower beef exports, likely due to COVID-19 related disruptions in beef production and also in part due to decreased international beef demand.
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.
A third generation ranch in Japan that specializes in Wagyu genetics is partnering with a California-based lab-grown meat startup.