Additionally, beef exports for 2001 are lagging significantly behind 2000, being the victim of a stronger U.S. The cash fed cattle market was already staggering under the pressure of near record numbers of heavy slaughter ready cattle and 6 to 10 pound heavier carcass weights compared to last year. The cash fed cattle and futures markets took the bad news right on the chin. Logic suggests that a weaker economy is less supportive to beef sales. Some economists predicted a recession for an already anemic U.S. Of course, those airline cutbacks reverberated throughout other industries that interact with the airlines. airline announced cutbacks and personnel layoffs within a week of the attacks. With over 50% of beef being consumed away from home, the industry got nervous. For a time, convention and vacation traveling almost came to a halt. With great uncertainty and some anxiousness, folks simply limited their dining away from home. It would appear that the food service industry took the biggest immediate hit. How have the attacks of September 11 and subsequent events impacted the cattle market? Certainly there have been no changes in the cattle and beef supply situation in the country, but how has demand been affected? McKinnon, Extension Animal Scientist, Beef, VA Tech To see our latest newsletters and current information, visit our website atīill R. (through April/May 2009), and are provided for historical purposes only.Īs such, they may contain out-of-date references and broken links. These files cover more than ten years of newsletters posted on our old website You've reached the Virginia Cooperative Extension Newsletter Archive.
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