Economic Dynamics in the Beef Food Supply Chain under Pandemic Conditions

Grace Melo, Luis Peña-Lévano and Kori Luengo

Applied Economics Teaching Resources (AETR), 2022, vol. 4, issue 4

Abstract: This case study discusses the potential effects of COVID-19 pandemic on the U.S. beef market during the first half of 2020. This sector confronted significant economic distortions caused by the increasing rate of infection in meat processing and packaging plants. We illustrate the COVID-19 related effects on the beef industry by using cattle-meat marketing channel framework, which comprises of two markets: cattle raw meat cuts supplied by farmers, and retailed processed meat sold by retailers and wholesale markets to final consumers as packed and processed products. The case study discusses different supply and demand shocks affecting the meat market system during and after the lockdown period. The article also explores the potential changes in equilibrium prices in alternative meat markets and how these could affect prices in conventional meat products. The teaching note discusses the objectives and provides further recommendations on the delivery of the case study, including a team peer evaluation.

Keywords: Teaching/Communication/Extension/Profession (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaeatr:324809

DOI: 10.22004/ag.econ.324809

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