Canadian Journal of Agricultural Economics/Revue canadienne d agroeconomie · 2020 · 71 citations · 1 references
AgricultureAgricultural EconomicsSupply Chain ManagementAgricultural TradeLivestock ProductionSupply Chain Risk ManagementAgricultural Commodity MarketsBeef Cattle ProductionDairy ProductionLivestock EconomicsLivestock Production EconomicsLivestock Production SystemsBeef EconomicsDisruptionsLabor Market ConstraintsLivestock MarketsLivestock Supply ChainsLivestock Value ChainsSupply Response AnalysisSupply Response Modeling
Abstract Canada's cattle/beef sector has already weathered a shock after a 2003 case of BSE resulted in closed borders and industry restructuring. Now, the sector has to adjust to similar shocks due to COVID‐19. This paper examines the supply chain from the consumer up to the cow–calf producer by considering consumer reactions, labor market constraints, and supply response. A quarterly market model of North American cattle and beef markets is used to examine price and revenue impacts associated with the market disruptions. Depending on the scenario, there is considerable price and revenue suppression at all levels of the market.
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