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COVID‐19 and the Canadian cattle/beef sector: Some preliminary analysis
Author(s) -
Rude James
Publication year - 2020
Publication title -
canadian journal of agricultural economics/revue canadienne d'agroeconomie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 37
eISSN - 1744-7976
pISSN - 0008-3976
DOI - 10.1111/cjag.12228
Subject(s) - restructuring , revenue , business , shock (circulatory) , beef cattle , covid-19 , agricultural economics , supply chain , fed cattle , economics , marketing , finance , zoology , biology , medicine , disease , pathology , infectious disease (medical specialty)
Abstract Canada's cattle/beef sector has already weathered a shock after a 2003 case of BSE resulted in closed borders and industry restructuring. Now, the sector has to adjust to similar shocks due to COVID‐19. This paper examines the supply chain from the consumer up to the cow–calf producer by considering consumer reactions, labor market constraints, and supply response. A quarterly market model of North American cattle and beef markets is used to examine price and revenue impacts associated with the market disruptions. Depending on the scenario, there is considerable price and revenue suppression at all levels of the market.