The meat industry could face losses of $20 billion in 2020

  • 📰 CNBC
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

What does the future look like for the struggling meat industry? Studies estimate $13.6 billion in losses for the beef industry in 2020.

More than 20,000 meat processing plant workers have contracted the virus and 74 have died.coronavirus pandemic

has been especially crushing for the meat supply chain. The industry could face losses of more than $20 billion in 2020. The pandemic has caused two major disruptions to the meat supply chain. The first was shifting consumer behaviors including restaurant and school closures that paralyzed an entire distribution channel. The second impacted the industry in an unimaginable way;

more than 20,000 meat processing plant workers have gotten sick, 74 have died and dozens of plants have been forced to shut down"I'm not sure anybody really understood sort of how to be prepared. These meatpacking plants, by their very nature, are extremely difficult to manage a human disease like this," said Derrell Peel, a livestock marketing specialist at Oklahoma State University.

The plant shutdowns caused wholesale prices to double and livestock prices to drop 20%-30%. More importantly, as demand declined, producers were left with unprecedented bottlenecks of live animals. Some producers

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

I love your video on Tyson

Old news

Why is CNBC running a report that is over two months old (from May) on this issue? The industry has substantially stabilized despite the early challenges. Who is pushing the buttons on this fear mongering? And why not do an update to show current status?

Eat. More. Plants.

The wayed the cost of culling their supply v raising prices on a shortage.

I don't think so but will be increase

Soilent Green will become a reality once global warming takes hold and the polar ice caps melt!!!

Don't worry Trump will bail your asses out like he did the farmers!!!

Shut it all down.

I love tasty animals

Different world will take time,,,normal exists no more

Almost 😨😂

i don't think beyond meat has that problem

Good! Meat is murder. Get a real job.

Workers in the industry can go and get jobs with the renewable industry. I hope that happens soon.

Plenty of people are cutting meat out of their diets, it’s skyrocketing

It's must be banned in whole world

The robots will be taking jobs in this industry. AndrewYang was right.

Everyone must be avoid the meat

That fat pig brianstelter was hoarding it.

So invest in $BYND and $FMCI

Enough with the fake sensationalist headlines. Meat is not in trouble. Everyone still loves meat

One man's meat another man's Vegan dishes are exploding.

The meat has no struggle!

mfullilove LowyInstitute Australia and other nations eg NZ etc do not see any “disruptions” or short supply in meat, poultry and more ... may want to learn from these countries.

As a retired meat cutter I suppose I should care but it seems to me that eating beef,chicken, turkey, pork etc is a misuse of resources

Short /CL but man, don’t mess with my bacon supply... I love my bacon.

yet, they sold a record amount overseas, mostly to China during the pandemic. hum

What about chicken? Went shopping yesterday, store was fully stocked with ground beef. Ground chicken nowhere to be found.

Stop eating animals. Beyond meat wins.

Beyond Meat is an awesome product. Im a believer

Bill Gates and George soros own Labratory meat companies.theuve said we would be forced to turn to them one day .lol not me boycotts !

The boycotts against those supporting domestic terrorist like BLM and antifa all have innocent lives and blood on there hands. The markets will be switching like crazy! Backlash of national pride is brewing against this facism .

Think of how things could be if we had leaders that anticipated this and used the resources of our government to actually sure up that supply chain and get the excess to people who were in need instead of letting it go to waste. Just sad

Incompetence.

Fake news

hope it goes totally out of business!..ranchers are some of the biggest assholes you will ever meet...

Eat more veg. Better for you. Better for the planet.

Brazil reported over 30,000 new coronavirus cases in a 24-hour period since the Covid_19 outbreak began....

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

S&P 500 erases 2020 losses as investors bet on a swift economic recovery from coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. You mean investors bet on swift money printing It’s the dimwit Hertz rally. Mercedes prices for lemon Hyundai quality.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

France announces $16.9 billion in aid for aviation industryFrance’s government has announced 15 billion euros ($16.9 billion) in aid for the pandemic-battered aerospace industry, including plane maker Airbus and national airline Air France yea, the europeans always protect there own ! except in the late 90`s & early 2,000`s swissair was privately owned & went bankrupt ! Expensive welfare cases With France + Germany, and other EU countries bailing out their ‘Flag Carriers’, what will happen in the UK?BA has already received billions from the Taxpayer (when it was bailed out at the time of Concorde and the bankruptcy of BOAC).Virgin is private Company + deserves nothing!
La source: ABC - 🏆 471. / 51 Lire la suite »