Thursday, March 20, 2025

AFBF: coronavirus impacting dairy, cattle ranches and grain futures

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WASHINGTON — From dairy farmers with nowhere to send their milk and cattle ranchers reeling from plummeting beef prices, the impact of the coronavirus is rippling through farm country. Corn, cotton and soybean futures have tumbled, ethanol plants have been idled, and some fruit and vegetable farmers are finding their best option is leaving produce in the field, the American Farm Bureau Federation notes.

Price forecasts for most agricultural products are bleak, said AFBF.  In the past month, dairy prices have dropped 26 percent to 36 percent, corn futures have dropped by 14 percent, soybean futures are down 8 percent and. . .

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