Assessing the Impact of the COVID-19 Pandemic on Feeder Cattle Prices in Northeast Texas

Abstract

Even though the COVID pandemic has affected many industries, beef continues to be a prominent commodity in the United States. This study quantifies how COVID has affected feeder cattle prices in Northeast Texas for the period 2019-2021. One stage from farm to fork within the beef industry that serves as a solid component for the longevity of the beef industry is preconditioned cattle sales. Preconditioned cattle seem to be a less-risky and better-suiting market to some feedlots, which can also bring a competitive nature in the auction ring dependent upon characteristics such as breed, weight, and gender. This study found preconditioned feeder cattle price differences among various COVID stages at NETBIO auctions in Northeast Texas.