Meat production to rebound sharply after coronavirus slowdown – USDA

Covid-19 infections of workers at U.S. packing plants forced declines in red meat and poultry production during April with beef production hit the hardest, said USDA economists on Monday. Disruptions will be felt for the rest of the year, but meat production in 2021 is forecast to rise nearly 4 percent higher than this year due to recovery in all major types of meat. (No Paywall)

Coronavirus darkens income prospects for grain farmers

Seven weeks ago, the USDA forecast the highest U.S. net farm income since 2013. Since then, the coronavirus pandemic has driven down grain prices and “reduced (the) grain farm income outlook for 2020,” wrote five university economists on Tuesday. “Given current expected …