Cattle industry losses as a result of the COVID-19 pandemic are estimated to reach $13.6 billion. That’s according to a study by Oklahoma State University to help USDA allocate CARES Act relief funds to cattle producers. The study shows cow-calf producers will see the largest impact, with losses anticipated at $3.7 billion or just over $111 per head. Revenues losses of $2.5 billion are projected for stockers and backgrounders and at $3 billion for cattle feeders. View the full summary here. The Red River Farm Network talked with OSU livestock economist Derrell Peel about the findings in this interview.
