Case Study
Economic Dynamics in the Beef Food Supply Chain under Pandemic Conditions
Grace Melo(a), Luis Peña-Lévano(b), and Kori Luengo(c)
Texas A&M University(a), University of Wisconsin River Falls (b), and Pontificia Universidad Católica de Chile(c)
JEL Codes: A22, A23, A30, Q13, Q11
Keywords: Case study, beef, processed food, meat supply, marketing channel, multi-sector model
Publish Date: May 25, 2022
Volume 4, Issue 4
View Full Article (PDF) | Request Teaching Notes/Supplemental Materials
Abstract
This case study discusses the potential effects of COVID-19 pandemic on the U.S. beef market during the first half of 2020. This sector confronted significant economic distortions caused by the increasing rate of infection in meat processing and packaging plants. We illustrate the COVID-19 related effects on the beef industry by using cattle-meat marketing channel framework, which comprises of two markets: cattle raw meat cuts supplied by farmers, and retailed processed meat sold by retailers and wholesale markets to final consumers as packed and processed products. The case study discusses different supply and demand shocks affecting the meat market system during and after the lockdown period. The article also explores the potential changes in equilibrium prices in alternative meat markets and how these could affect prices in conventional meat products. The teaching note discusses the objectives and provides further recommendations on the delivery of the case study, including a team peer evaluation.
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Articles in this issue
Who Fills the Seats? Offering Extra Credit and Instructor Perceptions of Who Will Attend
Joshua J. Lewer, Colin Corbett, Tanya M. Marcum, and Jannett Highfill
Teaching Forward Contracts in Undergraduate Courses in Agribusiness and Agricultural Economics Programs
Yuliya V. Bolotova
Coordinating Environmental and Trade Policy to Protect the Environment: A Pedagogical Approach
Patrik T. Hultberg and Darshana Udayanganie
Price-Fixing in the U.S. Broiler Chicken and Pork Industries
Yuliya V. Bolotova
Economic Dynamics in the Beef Food Supply Chain under Pandemic Conditions
Grace Melo, Luis Peña-Lévano, and Kori Luengo
The Empathetic Course Design Perspective
Donald A. Saucier, Tucker L. Jones, Ashley A. Schiffer, and Noah D. Renken