Beef prices hit by Coronavirus impact

Wholesale beef prices bow to the effects of Coronavirus. Normally values increase from February into March, but this year those improvements are minuscule.

While prices are up from the February low they’re around 8 percent lower than this time last year. The Oklahoma Farm Report says ‘that gap’ is widening as the weeks go on.

As the attention turns to China’s purchase commitment in the Phase One Trade Deal, Agriculture Secretary Sonny Perdue says ‘you can count on it’.

China’s new actions include allowing imports of California nectarines, lifting a ‘beef import ban’ on animals over 30 months of age, and updating the list of approved U.S. export facilities.