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Stock impact report

Surging meat prices coming a store near you [Seeking Alpha]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Consumer|U.S. Surging meat prices coming a store near youApr. 22, 2020 3:18 PM ETTyson Foods, Inc. (TSN)Stephen AlpherThe closings of the nation's meat processors are picking up steam, with Tyson's (NYSE:The situation has gotten so dire"There is simply no spot pork available," says Dennis Smith with Archer Financial Services. "Meat shortages will be occurring two weeks from now in the retail outlets." But what about cold-storage? It's just not a lot, says market consultant Bob Brown - "Roughly a week's worth of production in the freezer."It's led to some weird action, with prices for hogs headed sharply lower, but prices for pork belly (used to make bacon) doubling in the last four days. That means soaring margins for slaughterhouses, with one outfit figuring pork margins as up 340% since the start of the month.If the prices for live hogs go low enough (and enough plants close that there's nowhere to send them), consider the prospect of mass euthanasia for parts of the country's hog Show less Read more
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