Cattle Industry Losing Billions to COVID-19

By Brian Brus, STILLWATER, Okla. – The U.S. cattle industry lost an estimated $13.6 billion by early April this year due to the COVID-19 pandemic, and more economic damages to agriculture are likely, according to a study commissioned by the National Cattlemen’s Beef Association released this week. The research conducted by Oklahoma State University identified revenue losses of $3.7 billion so far this year in the cow-calf sector alone, the equivalent of $112 per head for each breeding animal in the country. If that impact is not offset, longterm damages to producers are projected to rise by another $4.5 billion,…

You must be logged in to view this content. Click here to subscribe