# Pandemic, economic hibernation disorienting globe

> CoBank reports that the COVID-19 shutdown has triggered a US recession, with the foodservice sector losing many jobs and consumers shifting almost 90% of food purchases to supermarkets. Rural processors of dairy, meat and produce are reorganizing production and supply chains quickly.

- Date: 2020-04-03 · published 2020-04-03T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/6292-pandemic-economic-hibernation-disorienting-globe
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Labor and logistics disruptions in food processing and distribution could constrain output of feed-relevant proteins and reduce demand for feed ingredients.

## Read by commodity

- MILK: neutral
- CHICKEN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-10-01 | [Dairy demand during the pandemic - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/6556-dairy-demand-during-the-pandemic-progressive-dairy-ag-proud.md) | +4.4% | +10.9% |
| MILK | 2023-03-01 | [The economic state of U.S. dairy: 2023 will differ from 2022 \| Ag Proud](https://feedsoft.ai/events/36862-the-economic-state-of-u-s-dairy-2023-will-differ-from-2022-ag-proud.md) | -0.8% | +1.1% |
| MILK | 2023-12-06 | [Doud, Economists Explore Dairy’s Future - NMPF](https://feedsoft.ai/events/32871-doud-economists-explore-dairy-s-future-nmpf.md) | -0.9% | -6.5% |
| MILK | 2016-08-14 | [Global prices, bumper crop, monsoon bring relief: Farm clouds begin to clear](https://feedsoft.ai/events/9954-global-prices-bumper-crop-monsoon-bring-relief-farm-clouds-begin-to-clear.md) | -0.1% | -3.2% |
| MILK | 2020-11-04 | [Global Dairy Commodity Update November 2020 - EDairy News English](https://feedsoft.ai/events/50160-global-dairy-commodity-update-november-2020-edairy-news-english.md) | +10.2% | -28.5% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/agribusiness-news/pandemic-economic-hibernation-disorienting-ag-outlook

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.