Beef Buzz News
Cattle Markets and Consumers Have Adjusted to COVID-19 Impacts, Says USDA's Greg Ibach
Thu, 15 Oct 2020 08:17:38 CDT
The livestock industry and consumers have made remarkable adjustments to disruptions in the marketplace this year, said Greg Ibach, USDA Under Secretary for regulatory programs and marketing.
Ibach is the point person for USDA in dealing with the market disruptions caused by COVID-19 and other events. He was a guest speaker at this week's North Dakota Stockgrowers Association meeting and was interviewed by farm broadcaster Megan Overby with the Red River Farm Network.
We have analyzed what has happened to the markets since the Kansas fire and the COVID-19, Ibach said.
He noted the analysis was issued in a summary report released in July which included options for legislative and/or market-based solutions.
We're in the process of making our own in-house adjustments as well as working with the industry on educational opportunities for risk management, Ibach said.
We've definitely seen several shifts resulting from the pandemic, he said.
Consumers have become aware of food shortages in America, Ibach noted.
We've also seen a new interest by consumers to reach out to cattle producers directly to purchase cattle and that has had a ripple impact on packing plants, he said.
Definitely the packing industry had problems in May, extending into June, he said, but I think the disease in the packing industry has leveled off.
Current harvest levels are equivalent to what they would normally be based on the last two or three years of experience, he said.
Click on the LISTEN BAR below to hear more comments from Greg Ibach.
The Beef buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
Ron Hays Beef Buzzes With Greg Ibach
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