May 16, 2023
Associate Professor Lee Schulz was interviewed by Tri-State Livestock News for the article "US imports from Brazil continue." The article focuses on USDA not banning beef imports from Brazil after Brazil reported cattle infected with bovine spongiform encephalopathy. According to TSLN the exchange rate between countries often dictates the amount of products entering the United States. “During the COVID-19 pandemic in 2020, the Brazilian currency (Real) depreciated by 25 percent to 30 percent and it has not recovered. As a consequence, Brazilian prices expressed in U.S. dollars are lower than they would have been had the value of the Real not depreciated relative to the U.S. dollar,” Schulz said.