Cattle Producers Face Price Declines Amid Coronavirus Pandemic
Bruce Schultz, LSU AgCenter
Cattle producers are facing significant price declines because of the coronavirus pandemic.
LSU AgCenter economist Kurt Guidry said prices have fallen about 7% in two months for fed cattle, or animals that are ready for slaughter. The average live-fed steer price across the five major feedlot areas in the country was $124 per hundredweight in January 2020. The price fell by $4 in February 2020, and has averaged about $112 this month.