One lesson that has been driven home during the current global pandemic is how interdependent and global our economy is. That’s clearly evident with agriculture; the glut of dairy products caused by a steep decline in demand from the restaurant and food-industry sector has sent prices plummeting. Combine that with declining exports. The ripple starts to wash over other agriculture sectors.
Dairy farmers wanting to cull cows to decrease production are running into livestock markets unable to move as much product because regular cattle prices have decreased 25 percent. Hog prices have decreased as well. Slaughterhouses are closing because of the pandemic.