- JBS employees walk off the job on Friday
- Decent cash cattle sales last week
- More optimism on the cattle
- First time in 8 weeks cash is higher than formulated
- Boxed beef could see some slipping again this week
- Exports not great this time of year anyways for cattle but good for hogs
- Deferred cattle are undervalued
- Hogs-weights have been coming down on the hogs.
- Rained more than many had expected
- Weather is taking center stage for corn & beans
Non threatening weather, crop progress report-has some questioning percentage.
Is the issue with China a trade barrier or more of a COVID issue
Livestock…China & Tyson Foods will set a stage for other proteins.
Cold Storage Report. Hogs & Pigs report out on Thursday.
China Sunday suspended poultry exports from an Arkansas Tyson Food’s processing plant where workers tested positive for COVID-19.
China’s General Administration of Customs announced the suspension after Tyson Foods confirmed a cluster of COVID-19 cases at its facility in Springdale, Arkansas.
A Tyson spokesperson told Reuters the company is investigating the matter, adding, “It is important to note that the World Health Organization, the Centers for Disease Control and Prevention, USDA and the U.S. Food and Drug Administration agree that there is no evidence to support transmission of COVID-19 associated with food.”
China also halted exports from a pork processing facility in Germany following an outbreak of COVID-19 at the plant. China has stepped up food inspections for the novel coronavirus in recent weeks. Reuters says Beijing began testing meat, seafood and fresh produce for the coronavirus last week, and some ports were opening all containers of meat to carry out coronavirus tests.