Friday, April 17, 2020

USCA estimates COVID-19 impression at $14.6 billion


USCA estimates COVID-19 impression at $14.6 billion

The USA Cattlemen’s Affiliation estimates the financial impression of COVID-19 on the cattle trade will exceed 14.6 billion {dollars}.

USCA says that determine represents the overall precise and future
impression, based mostly on present market knowledge and futures market knowledge.

The group additionally provides suggestions on how federal direct
funds to cattle producers needs to be structured.  For cow-calf producers, it suggests an
common per-cow funding foundation of simply over 127 {dollars}, damaged out by spring
and fall calving cows and accounting for heifer retention.

A separate research commissioned by the Nationwide Cattlemen’s Beef Affiliation estimated complete damages to the cattle trade at 13.6 billion {dollars} as of early April.

Hyperlink to USCA report

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