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Stock impact report

Meat plants are closing. Don't panic shop just yet [CNNMoney.com]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: CNNMoney.com
Meat plants are closing. But you don't have to panic shop just yet New York (CNN Business) Across the country, meat processors are temporarily shutting down as workers are getting infected with Covid-19 . But that doesn't mean America is about to run out of meat. The closures are devastating to meat producers. Without processing facilities, livestock farmers are having a hard time selling their meat. But US consumers don't have to worry about shortages in supermarkets, experts say. At least not yet. "I don't think the shutdowns so far have been enough to be noticeable" to consumers, said Steve Meyer, an economist with commodity firm Kerns and Associates. "We have a lot of pork, we have a lot of chicken, we have a lot of beef in cold storage," he said. "We can draw on that should we have some shortages." Smithfield and other meat processors have closed processing plants because of the pandemic. Some of the plants that have shut down are working to Show less Read more
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