# Coronavirus damage to cattle industry could be $7 billion to $9 billion already - High Plains Journal

> Kansas State economist Glynn Tonsor estimates that cattle sector losses from COVID-19 could reach $7 billion to $9 billion. Per-head value declines since January 7 range from $58 for calves to $126 for fed cattle. The estimate uses USDA beef cow inventory of 31.32 million head.

- Date: 2020-03-25 · published 2020-03-25T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/6293-coronavirus-damage-to-cattle-industry-could-be-7-billion-to-9-billion-already
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Large losses and reduced cattle inventories signal slower herd rebuilding and weaker feed demand from the cattle sector, pressuring feed grain and meal prices.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-01-31 | [Cattle markets slide on coronavirus fears \| Western Livestock Journal](https://feedsoft.ai/events/6702-cattle-markets-slide-on-coronavirus-fears-western-livestock-journal.md) | -1.2% | -5.6% |
| LCATTLE | 2020-04-02 | [CME update: cattle futures dive on coronavirus pandemic
						 \| The Cattle Site](https://feedsoft.ai/events/6287-cme-update-cattle-futures-dive-on-coronavirus-pandemic-the-cattle-site.md) | -5.8% | -13.4% |
| LCATTLE | 2020-03-10 | [Coronavirus affecting cattle, other markets](https://feedsoft.ai/events/54074-coronavirus-affecting-cattle-other-markets.md) | -7.3% | -10.6% |
| LCATTLE | 2020-04-01 | [Kay’s Korner: Industry looks to grilling season \| Western Livestock Journal](https://feedsoft.ai/events/6291-kay-s-korner-industry-looks-to-grilling-season-western-livestock-journal.md) | -10.1% | -17.5% |
| LCATTLE | 2020-04-01 | [U.S. livestock: Cattle, hogs limit down on coronavirus fears - Grainews](https://feedsoft.ai/events/6601-u-s-livestock-cattle-hogs-limit-down-on-coronavirus-fears-grainews.md) | -10.1% | -17.5% |
| FCATTLE | 2020-01-31 | [Cattle markets slide on coronavirus fears \| Western Livestock Journal](https://feedsoft.ai/events/6702-cattle-markets-slide-on-coronavirus-fears-western-livestock-journal.md) | -4.6% | -7.8% |
| FCATTLE | 2020-04-02 | [CME update: cattle futures dive on coronavirus pandemic
						 \| The Cattle Site](https://feedsoft.ai/events/6287-cme-update-cattle-futures-dive-on-coronavirus-pandemic-the-cattle-site.md) | +2.1% | +1.5% |
| FCATTLE | 2020-04-01 | [U.S. livestock: Cattle, hogs limit down on coronavirus fears - Grainews](https://feedsoft.ai/events/6601-u-s-livestock-cattle-hogs-limit-down-on-coronavirus-fears-grainews.md) | -5.7% | -1.9% |

## Sources

- hpj.com: https://hpj.com/2020/03/25/coronavirus-damage-to-cattle-industry-could-be-7-billion-to-9-billion-already/

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