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