By David Marrison, OSU Extension, firstname.lastname@example.org
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Since the beginning of January, market prices for major commodities have fallen sharply since COVID-19 reached the United States. There have been many efforts through federal and state legislation to offset the impact of COVID-19.
Enrollment is currently being taken by the USDA Farm Service Agency (FSA) for one such program targeted to help agricultural producers. This program called the Coronavirus Food Assistance Program (CFAP) is providing financial assistance for losses experienced as a result of lost demand, short-term oversupply, and shipping pattern disruptions caused by COVID-19. Continue reading
by: Garth Ruff, OSU Extension Henry County.
COVID-19 has had profound impacts on our food and livestock production systems here in the U.S. With regards to the beef industry the impact has been felt locally and throughout the country. Locally here in Ohio, with the JBS plant in Souderton closed, and reduced packing capacity in other regional packing plants, the local cash market for fed cattle has been greatly diminished. For the past two weeks, auction markets in the state have asked cattle feeders to hold off on bringing fed cattle to market due to packing plant closures and overall lack of packer demand.
Like most of agriculture, timing is critical for the livestock production supply chain to flow as it is designed. What is the impact of holding market-ready cattle in local feedlots? Economically, cash flow concerns for small to medium size cattle feeders may arise as packing capacity remains limited. Immediate impacts for cattle feeders include increasing days on feed, selling heavier and potentially higher yield grade cattle once the market returns. Most packing plants have discount schedules of Yield Grade 4 and 5 cattle in addition to carcass weight specifications. Continue reading