Grim reality of severe global economic recession slams meat industry

The mood of the global marketplace turned more sombre this week, following a grim assessment Tuesday afternoon by US President Trump regarding the COVID-19 outbreak.
calendar icon 3 April 2020
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Market watchers focus on manufacturing, processing plants amid COVID-19

Poultry and meat processing plants are some of the workplaces where tensions between workers and employers are rising amid the COVID-19 situation, according to a report in the Wall Street Journal. Workers at meat plants, in particular, are concerned about their proximity to other workers. Some plants have spaced workers farther apart and staggered shift starts and break times. Tyson and others have begun offering employees masks and gloves and taking their temperatures, the report said. Tyson Foods said a small number of workers have tested positive and they have set in place efforts to address situations where employees may have had contact with an infected worker. However, the concern is not over transmission of the virus through food, but from worker to worker.

China imports more than 4,000 breeding pigs

More than 4,000 high-quality French breeding pigs have arrived in China so far this year, in what is expected to be the first of many such imports needed to rebuild the Chinese hog herd, reports this week said. Around half of China’s hog herd was wiped out by African swine fever. The Chinese government has been working on various programmes to encourage herd rebuilding, with some provinces offering import subsidies of around 2,000 yuan ($282) per pig. China’s customs office is working to resume imports of live pigs from the United States. Coronavirus restrictions could disrupt any shipments near-term, however.

© Jim Wyckoff

© Jim Wyckoff

© Jim Wyckoff

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