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Nalivka: Unprecedented Events

The $20 trillion U.S. economy was strong as 2020 began. It has been for the past 3 years. With the onset of COVID-19, that situation changed drastically. The often-repeated statement is that the U.S. economy is headed for a depression as the result of COVID-19. I would challenge that statement and rather than saying the…

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Officials Concerned About COVID-19 At Two JBS Plants

Health officials in Weld County, Colo., say they are investigating COVID-19 concerns at JBS USA’s beef plant in Greeley. According to a report in Meatingplace.com, the investigation began after epidemiologists learned of positive COVID-19 cases at the plant, and the department is learning about “lots” of employees seeking care in local emergency departments and public…

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Beef Market Impacts From COVID-19 Vary Widely

Wholesale and retail beef markets have endured enormous upheaval since mid-March.  Starting March 16, the surge in retail grocery buying put huge demands on retail supply chains resulting in dramatic and immediate spikes in wholesale beef prices.  As shown in Table 1, the overall cutout jumped by nearly 19 percent in a matter of three…

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Farm Journal Live: Market Analysis with Chip Flory

WATCH LIVE AT NOON CENTRAL   Today on Farm Journal Live, AgriTalk Radio host Chip Flory joins AgDay’s Clinton Griffiths to update COVID-19 news impacting agriculture and look at how continued quarantines are impacting ag markets.  Josh Tonsager from the National Association of Wheat Growers will join the conversation to talk about recent wheat exports.…

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Chip Flory: USDA Shows It Will Follow, Not Forecast

For each analyst saying China will make significant purchases of U.S. ag products in 2020, there are a dozen naysayers. It’s become popular to assume the worst; there was no stronger evidence of that than the quick death of an 11-year-old bull market in U.S. stocks. The worst-case thinking – like assuming little effort by…

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Saluting Unsung Heroes of the COVID-19 Crisis: The Food Supply Chain

As COVID-19 disrupts and changes consumers’ lives, the food supply chain is in the spotlight, both being praised and criticized. Pictures of empty shelves and signs limiting consumers’ buying continue to float around social media, but those aren’t an accurate snapshot of the work going on behind the scenes to ensure the food supply is…

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Veterinarians Distribute Sampling Kits To Help Fight COVID-19

Some hospitals and clinics will receive viral sampling kits this week from an unlikely source—the Texas A&M Veterinary Medical Diagnostic Laboratory (TVMDL) in College Station. The kits—typically used on pigs, cows and chickens—are being assembled and repurposed for use with humans. “Physicians wanting to test patients for the presence of COVID-19 are oftentimes unable to…

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COVID-19 Accelerating Business Trends For Ag Retail

Proagrica’s Carenza Harvey says the company has observed the global coronavirus pandemic is accelerating business trends in ag retail.  “The changes happening today—with social distancing impacting our processes—people are becoming more efficient and go online more,” she says. “Those trends have been happening for years, so what’s happening now shouldn’t be too threatening. It’s what you’ve…

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Cash Market Falters On Soft Packer Demand

The lack of cash cattle trades did not help the overall market last week. The South traded at $112 as the week began while later-week trades tailed off to $105. Many cash traders were willing sellers but could not find a bid on volumes of average or above cattle. Before the $105 trade most of the…

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Tyson Shutters Iowa Pork Plant Amid COVID-19 Outbreak

Tyson Foods’ pork processing plant in Columbus Junction, Iowa, has suspended operations for a week beginning Monday due to more than two dozen cases of COVID-19 confirmed at the facility. “In an effort to minimize the impact on our overall production, we’re diverting the livestock supply originally scheduled for delivery to Columbus Junction to some…

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