THE END IS NEAR: Industry reports plummeting demand of meat due to Coronavirus

Prices for meat of both cattle and pigs have been in free-fall in recent weeks, and many large factory farms are expected to close operations. Much of the trade still thinks the worst is yet to come.

OLI GROSS: The future of the US meat industry is in serious doubt as farmers are reporting a drastic decline in demand and are expecting the trend to continue. Industry leaders of the cattle industry have complained that coronavirus has caused the industry to plunge to its lowest level in a decade, while the pig industry dipped to its lowest level since October 2018… Rich Nelson, chief strategist for commodity broker Allendale, told Farming Independent… “Much of the trade still thinks the worst is in front of us.” The farming industry publication reported that many key markets are significantly down this month.

Slaughterhouses are fearful that the coronavirus lockdown will hit the industry hard, with many farms expected to be closed. Staffing levels in the industry are also threatened as many workers who process and inspect meat are vulnerable to the virus. Prices for meat of both cattle and pigs have been in free-fall in recent weeks, and many large factory farms are expected to close operations… Coronavirus was first transmitted to humans at a meat market in Wuhan, China. Animal rights activists have urged populations around the world to ditch meat to avoid a repeat of the pandemic. Share this article to reveal the dangers associated with the meat industry. SOURCE…

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