COVID-19 impacting ag industry, final effects unknown
Last updated 4/17/2020 at 11:32am
This week’s Solid Finances webinar hosted by Montana State University Extension had economists examining the COVID-19 pandemic’s continuing effects on the agriculture industry and its supply lines.
MSU Professor of Economics Eric Belasco said while all ag commodities have been hit by COVID-19, the cattle market was hit particularly hard with live and feeder cattle markets declining. He said live cattle prices have dropped by 22.8 percent since mid-February, with feeder prices dropping 16.4 percent.
He said based on futures contracts these prices will continue to decrease over the comi...