All News > Beef Market Impacts From COVID-19

Beef Market Impacts From COVID-19

Apr 08, 2020

Wholesale and retail beef markets have endured enormous upheaval since mid-March. Starting March 16, the surge in retail grocery buying put huge demands on retail supply chains resulting in dramatic and immediate spikes in wholesale beef prices. As shown in Table 1, the overall cutout jumped by nearly 19 percent in a matter of three days. Wholesale prices continued to push higher until March 23, peaking at $257.32 cwt., up 23.6 percent from March 13th levels.

Since then, the cutout has dropped over 10 percent to $230.44/cwt. on April 3rd. It is not clear exactly 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.

For more information, click here


Read More News

Aug 23, 2020
Weaning is the most stressful time in a beef calf’s life.
Jul 23, 2020
COVID-19 Update from Dean Danielson Safety and Compliance Manager
Jun 17, 2020
So, what should you scout for now?

Related Topics