Coronavirus Impact

[ncboy34]

Any thoughts on packers potentially shutting down because of the coronavirus? I heard someone talking yesterday that JBS had cut production in half. Since the start of this I've thought farming would be insulated as far as shutdowns go, even if prices are terrible because they would have to keep things open from a food standpoint. Any thoughts?

 

[A.J.]

I’m afraid that the packers may wind up shutting down multiple sites. JBS in PA shut down one of their facilities this week due to COVID with some of their employees. JBS, Brown Packing, and Randolph Packing buy most of the cull bulls and cows at the market in my area, so that will definitely affect prices here.I know the Tyson fire in Kansas a while back affected prices for a while, and this could potentially be much worse as contagious as that stuff is.