Le Lézard
Classified in: Business, Covid-19 virus
Subjects: SVY, ECO

The Impact of COVID-19 in the Grocery Stores' Meat Fridges

MILWAUKEE, Oct. 12, 2020 /PRNewswire-PRWeb/ -- When COVID-19 became a national emergency in the United States, many U.S. cosumers not only found certain products (i.e. paper towels, toilet paper, cleaning materials) hard to come by, but they also found beef products changing in price and type on shelves. This became a hot topic in the media but also within the beef industry. New research says that the weekly number fed cattle slaughtered dropped by approximately 246,000 head. The bottom was ?438,000 which was 35% lower than the same time in 2019. The result of this lowered number of head being slaughtered led to chain reactions for beef consumers and beef producers.

In the new article "Beef Cattle Markets and COVID-19" released in the Applied Economic Perspectives & Policy, Charles Martinez from the University of Tennessee, Joshua Maples from Mississippi State University, and Justin Benavidez from Texas A&M University analyze the impact of the pandemic across all sectors of the cattle industry.

Martinez says, "COVID-19 disrupted not only the cattle industry but just about every market. When analyzing the cattle industry, COVID-19 has really showed the importance of having a risk strategy, regardless of size or sector."

He continues, "Each sector incurred different impacts. The most notable, and most publicized result was the backlog of fed cattle nationally. The backlog resulted in numerous chain reactions in the supply chain."

If you are interested in setting up an interview, please contact Allison Ware in the AAEA Business Office.

Established in 1910, the Agricultural & Applied Economics Association (AAEA) is the leading professional association for agricultural and applied economists, with 2,500 members in more than 60 countries. Members of the AAEA work in academic or government institutions as well as in industry and not-for-profit organizations, and engage in a variety of research, teaching, and outreach activities in the areas of agriculture, the environment, food, health, and international development. The AAEA publishes two journals, the American Journal of Agricultural Economics and Applied Economic Perspectives & Policy, as well as the online magazine Choices and the online open access publication series Applied Economics Teaching Resources. To learn more, visit http://www.aaea.org.


SOURCE Agricultural & Applied Economics Association

These press releases may also interest you

at 01:15
According to the latest market research report on the peripheral neuropathy treatment market from Technavio, the market is expected to expand at a healthy CAGR of almost 3%. The growth can be mainly attributed to the rising awareness of peripheral...

at 01:05
The fourth annual, international study of Gen Z, conducted by The Center for Generational Kinetics and commissioned by WP Engine, reveals new data on how Generation Z, Millennials, Gen X, and Baby Boomers adapted to digital in their own unique ways...

at 01:00
The smartphone market is poised to grow by 464.20 million units during 2021-2025, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and...

at 00:38
Pomerantz LLP is investigating claims on behalf of investors of Humanigen, Inc. ("Humanigen" or the "Company") .  Such investors are advised to contact Robert S. Willoughby at  newaction@pomlaw.com or 888-476-6529, ext. 7980....

at 00:00
This week, hosted by the United States, world leaders will gather virtually for the Global COVID-19 Summit: Ending The Pandemic And Building Back Better. According to a group of experts convened by the Pandemic Action Network, the summit is an...

at 00:00
Committed to accelerating the development of innovative sustainable packaging solutions, evian achieves new milestone in circularity journey with launch of prototype bottle using revolutionary technology from Loop Industries that allows no and low...

News published on 12 october 2020 at 09:00 and distributed by: