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Production levels are back to normal, but there’s more meat than the industry can push through the supply chain.
For years, analysts have been working to find financial tools for curbing certain behaviors.
Local producers are seeing an increase in online and over-the-counter sales.
Pork supplies are down about 40% since mid-March in the U.S., but pork shipments to China have quadrupled in that same time period.
Shutting down just one or two of those plants can take out 10% of the meat supply.
Tyson Foods is warning that millions of pounds of meat could “disappear.”
The industry has consolidated over the last decades, so there are fewer plants, that handle a lot more meat.
The ripple effect of recent plant closures is still being assessed.
Those auctions are an important part of the rural economy and the food chain. The people working the auctions are taking safety precautions.
And that's part of the reason he loves it.