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Stock impact report

U.S. hog farmers say they need federal help to stay afloat [CBS News]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: CBS News
during coronavirus crisisBy Kate GibsonApril 15, 2020 / 9:40 AMFarmers devastated by coronavirus pandemicThe globalCOVID-19 has had a "sudden and devastating impact on U.S. hog farmers," Howard A.V. Roth, president of the National Pork Producers Council, or NPPC, said Tuesday in a phone briefing. "We are now a farm sector in dire crisis, farmers are already exiting the business," added Roth, a pork producer from Wauzeka, Wisconsin.Hog farmers will lose nearly $37 a hog, or nearly $5 billion collectively, for each hog marketed for the remainder of the year, according to the trade group, citing estimates from Dermot Hayes, an economist with Iowa State University, and Steve Meyer, a pork industry economist with Kerns & Associates.: The Race To Respond updates: Trump says states will decide when to reopen in : The Race To Respond"The reality is losses today are closer to $50 per animal," Roth said. "We're hanging on for dear life, and unless there is immediate and significant help, it cou Show less Read more
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