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0.00126262626262619 -0.000168350168350254 0.000673400673400659 -0.00109427609427618 -0.000505050505050524 0.00101010101010093 0.00841750841750842 0.00976430976430973
Stock impact report

Tyson Foods Warns "Food Supply Chain Is Breaking" [zero hedge]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: zero hedge
Tyson Foods Warns "Food Supply Chain Is Breaking" News feeds in April have been inundated with food supply chain disruption stories due to coronavirus-related shutdowns . At least a third of US meatpacking facilities handling hogs have shifted offline this month, other plants that process cows and chickens have also shuttered operations, forcing farmers to cull herds and flocks. This is because each plant closure diminishes the ability for a farmer to sell animals at the market, leaves them with overcapacity issues similar to the turmoil facing the oil industry. Only unlike oil where pumped oil must be stored somewhere (as one can't just dump it in the nearest river) even if that ends up costing producers money as we saw last Monday when oil prices turned negative for the first time ever, food producers have a simpler option: just killing their livestock. We previously explained what this imbalance has created: crashing live cattle spot prices while finished meat prices are soaring, w Show less Read more
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