NEWS

In a 13-minute video to members of the National Cattlemen’s Beef Association (NCBA) on Monday, CEO Colin Woodall outlined the steps the association has taken in the midst of the COVID-19 outbreak and its aftershocks in beef production.

Economists often say that market prices are determined by demand and supply. What they really mean is more correctly stated as “market prices are determined by expectations of demand and supply.” Under more stable and normal circumstances, this distinction is not particularly significant.

Have you ever wondered who makes the rules displayed on the brightly colored posters at the doctor’s office and school cafeteria, or who decreed that 5.5 ounces of protein is the ideal daily intake for an adult?

Nationwide response to the COVID-19 pandemic continued to shake segments of the entire beef industry near the conclusion of a historic March 2020. Consumers continued to purchase food commodities off grocery shelves, while ag economists, like their counterparts on national economics, all began preparing for the reality of a recession.

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