Friday the 20th Cattle on Feed report
What can I say? Time is the cure but we want the answers now.
Many moving variables day by day:
State of Emergency
Fear of the unknown
Steps that needed to be taken:
Churches some no masses
Stay away from 200 plus gatherings etc etc
World Banks now getting in line (QE) possible
Our Fed steps in
The World is on a risk off phase in all markets
US consumer cleaning the stores out of products and now its starting the run on beef, chicken, pork.
I have heard talk about What If Packers have an employee contract the virus does the packing plant close? CDC “Coronavirues are generally thought to be spread from person to person through respiratory droplets. Currently there is no evidence to support transmission of COVID-19 associated with food.”
One thought I have is how many Hot dogs, Hamburgers and Chicken do theses sporting events go thru each game. Can the meats be backing up??
This will pass and we need to buckle up with better days ahead.