The new coronavirus is dealing another blow to the struggling U.S. agricultural sector, driving down crop and livestock prices and threatening labor shortages for farms.
Even as consumers clear food staples from supermarket shelves, Midwestern farmers’ prospects have dimmed. Agricultural futures on the Chicago Board of Trade have been on a slide since Feb. 24, when coronavirus concerns began to weigh on U.S. stock markets. Corn futures have shed nearly 10%, wheat futures have fallen nearly 2%, and soybean futures have dropped…
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