At the top of the hour- farmdoc webinar, April 21.

* @farmdocDaily LIVE | #COVID19 and Ag.

* The Impact of the #Coronavirus #Pandemic on #Food Prices and Retail Food Sector.

* Presented by @ScottIrwinUI and @JaysonLusk.
Scott Irwin
Change in #Grain Futures Prices ( #wheat, #soybeans, #corn).
Since the Beginning of 2020 (thru 04/20/2020)
Change in #Livestock Futures Prices ( #milk, #cattle, #hogs).
Since the Beginning of 2020 (thru 04/20/2020)
Change in Stock Market and Crude #Oil Futures Prices
Since the Beginning of 2020 (thru 04/20/2020)
Price of May and June WTI Crude #Oil Futures
Since the Beginning of 2020 (thru 04/20/2020)
Jayson Lusk
#Food production is location- and time-specific ( #beef #cows, #corn, #chicken, #potatoes).
U.S. is a net exporter of #agricultural products U.S. agricultural trade, 2000-18
#Food imports are product specific
#Food imports are product specific
Commercial storage ( #pork, #strawberries)
Why the stock- outs?
Significant short-run disruptions in #food markets ( #supermarkets, #restaurants)
Asset fixity leads to #farm surplus amidst retail stockouts
#Grocery sales increased but are leveling off
Year-over-Year Change in Fresh #Meat Grocery Sales
Heterogeneous spending impacts
#Food prices increased but are leveling off ( #beef, #chicken, #pork, #eggs).
Price changes depend on exposure to FAFH Change in Wholesale #Beef Primal Prices
Price changes depend on exposure to FAFH Change in Wholesale #Pork Primal Prices
Where are the vulnerabilities?
#Meat packing is concentrated
#Beef processing has taken a hit
Daily #Cattle Slaughter (weekdays; # head)
#Pork to a lesser extent ...
Daily #Hog Slaughter (weekdays; # head)
What’s ahead? (sheer speculation)
#Food and #farm vulnerability index
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