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Impact of COVID ‐19 on Medium‐Term Export Prospects for Soybeans, Corn, Beef, Pork, and Poultry
Author(s) -
Mallory Mindy L.
Publication year - 2021
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1002/aepp.13113
Subject(s) - covid-19 , medium term , food science , term (time) , microbiology and biotechnology , biology , outbreak , virology , economics , medicine , physics , disease , pathology , quantum mechanics , infectious disease (medical specialty) , macroeconomics
The COVID‐19 pandemic has altered life in innumerable ways in many countries across the globe. In this article I review what the virus did to patterns of US and Brazilian exports of major commodities during the first surge of the virus during April and May 2020, and also speculate on what may happen during the beginning of North American winter in late 2020. The analysis highlights how grains versus meats have been vulnerable to trade disruptions due to the coronavirus pandemic. US exports of beef and pork were particularly impacted by a wave of processing facility shutdowns in the wake of COVID‐19 outbreaks among workers. Poultry exports saw declines from their highs but remain strong, even though poultry‐processing facilities have also faced issues with outbreaks and shutdowns. Trends in 2020 grain and oilseed exports have not been affected by the pandemic.