Market recovery from coronavirus impact could be lengthy

Market recovery from coronavirus impact could be lengthy

The coronavirus outbreak has left cattle producers in the
thick of one of the worst market meltdowns in recent history and an ag
economist says some producers are left trying to figure out how to get through
it. 

Oklahoma State University’s Derrell Peel says, “from this
point forward we’re obviously in defensive mode.”  “Some producers are caught – you know, cattle
are perishable, essentially, much like meat,” he says.  “And we may not have any choice but to market
cattle and some cattle in the worst of this.”

He tells Brownfield other than a sporadic bounce, a rebound in the market isn’t likely — yet. 

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