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Beef Cattle Markets and COVID‐19

Author

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  • Charles C. Martinez
  • Joshua G. Maples
  • Justin Benavidez

Abstract

Cattle producers and markets faced massive disruptions due to COVID‐19 in both supply and demand for cattle and beef. Restaurant and food service shutdowns affected beef demand. Closures and slowdowns of beef processors caused a logjam of live cattle in the supply chain. The resulting effects on cattle producers at all levels were lower prices and abnormal cattle flows, but the magnitudes of those effects were not homogenous across size and type of cattle. In this article, we detail how the COVID‐19 pandemic has affected cattle markets and cattle producers across the different sectors. We also discuss policy responses and considerations.

Suggested Citation

  • Charles C. Martinez & Joshua G. Maples & Justin Benavidez, 2021. "Beef Cattle Markets and COVID‐19," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(1), pages 304-314, March.
    • Handle: RePEc:wly:apecpp:v:43:y:2021:i:1:p:304-314
    DOI: 10.1002/aepp.13080
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    References listed on IDEAS

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    3. Martinez, Charley & Griffith, Andrew P., 2020. "Tennessee Cattle Marketing Influenced by COVID-19," Extension Reports 303907, University of Tennessee, Department of Agricultural and Resource Economics.
    4. Benavidez, Justin R. & Martinez, Charles & Thayer, Anastasia W., 2018. "The End of Ghost Cattle Drives," 2018 Annual Meeting, August 5-7, Washington, D.C. 273772, Agricultural and Applied Economics Association.
    5. Jayson L. Lusk & Glynn T. Tonsor & Lee L. Schulz, 2021. "Beef and Pork Marketing Margins and Price Spreads during COVID‐19," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(1), pages 4-23, March.
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    Cited by:

    1. Brenda Cardoso & Luiza Cunha & Adriana Leiras & Paulo Gonçalves & Hugo Yoshizaki & Irineu de Brito Junior & Frederico Pedroso, 2021. "Causal Impacts of Epidemics and Pandemics on Food Supply Chains: A Systematic Review," Sustainability, MDPI, vol. 13(17), pages 1-28, August.
    2. Jayson L. Lusk & Glynn T. Tonsor & Lee L. Schulz, 2021. "Beef and Pork Marketing Margins and Price Spreads during COVID‐19," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(1), pages 4-23, March.
    3. Jayson Beckman & Amanda M. Countryman, 2021. "The Importance of Agriculture in the Economy: Impacts from COVID‐19," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(5), pages 1595-1611, October.
    4. Vaiknoras, Kate & Hahn, William & Padilla, Samantha & Valcu-Lisman, Adriana & Grossen, Grace, 2022. "COVID-19 Working Paper: COVID-19 and the U.S. Meat and Poultry Supply Chains," USDA Miscellaneous 319353, United States Department of Agriculture.
    5. Faruk Urak & Abdulbaki Bilgic & Gürkan Bozma & Wojciech J. Florkowski & Erkan Efekan, 2022. "Volatility in Live Calf, Live Sheep, and Feed Wheat Return Markets: A Threat to Food Price Stability in Turkey," Agriculture, MDPI, vol. 12(4), pages 1-24, April.
    6. Nishant Saravanan & Jessica Olivares-Aguila & Alejandro Vital-Soto, 2022. "Bibliometric and Text Analytics Approaches to Review COVID-19 Impacts on Supply Chains," Sustainability, MDPI, vol. 14(23), pages 1-33, November.
    7. Khushboo E-Fatima & Rasoul Khandan & Amin Hosseinian-Far & Dilshad Sarwar, 2023. "The Adoption of Robotic Process Automation Considering Financial Aspects in Beef Supply Chains: An Approach towards Sustainability," Sustainability, MDPI, vol. 15(9), pages 1-34, April.
    8. Abderahman Rejeb & Karim Rejeb & Andrea Appolloni & Mohammad Iranmanesh & Horst Treiblmaier & Sandeep Jagtap, 2022. "Exploring Food Supply Chain Trends in the COVID-19 Era: A Bibliometric Review," Sustainability, MDPI, vol. 14(19), pages 1-33, September.
    9. Ashraf J. Zaied & Hatim M. E. Geli & Andres F. Cibils & Mohammed N. Sawalhah & Jerry L. Holechek & Charlotte C. Gard & Saleh A. Idhirij & Melakeneh G. Gedefaw & Greg L. Torell, 2021. "Beef Cattle Price and Production Patterns in Relation to Drought in New Mexico," Sustainability, MDPI, vol. 13(18), pages 1-20, September.
    10. Boyer, Christopher N. & Griffith, Andrew P., 2023. "Subsidy Rate Changes on Livestock Risk Protection for Feeder Cattle," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 48(1), January.
    11. A. Ford Ramsey & Barry K. Goodwin & William F. Hahn & Matthew T. Holt, 2021. "Impacts of COVID‐19 and Price Transmission in U.S. Meat Markets," Agricultural Economics, International Association of Agricultural Economists, vol. 52(3), pages 441-458, May.
    12. James Rude, 2021. "COVID‐19 and the Canadian cattle/beef sector: A second look," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(2), pages 233-241, June.

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