Cattle markets are on a coronavirus roller coaster

Oklahoma State livestock marketing specialist Derrell Peel says the cattle market has swung sharply during the coronavirus pandemic, with live cattle and boxed beef both affected. He calls it a unique, prolonged shock unlike past single-event disruptions such as BSE or the Cargill fire.

He says the U.S. is likely in a recession and the macro fallout will follow once the pandemic subsides.