Coronavirus Pandemic Set To Cost US Beef Industry $13 Billion

The US beef industry is at risk of losing more than $13 billion due to the coronavirus pandemic.

A recent study from the National Cattlemen’s Beef Association (NCBA) shows that the industry is set for huge losses.

“Effects of COVID-19 are still manifesting and are likely to continue unfolding in the coming months,” stated the NCBA in the study.

“Without relief, especially at the primary producer levels, the foundations of the entire US beef supply chain are threatened.” 

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Pandemic Hits Beef Industry

As several slaughterhouses closed their doors due to COVID-19, businesses across the country felt the impact of a growing meat shortage.

Popular fast-food chain Wendy’s was forced to drop meat from the menu at some locations, and many grocery stores started rationing meat products.

President Trump has ordered slaughterhouses to reopen — prompting a number of lawsuits from meat-plant employees who do not wish to be put at risk of infection.

Do you think the beef industry will recover from the crisis? Let us know your thoughts in the comments below!