I read something today that caught my eyes.
The Tyson plant in Washington produces enough beef in one day to feed four million people, according to the company. It’s one of the few facilities in the northwestern U.S., with capacity of 2,300 cattle a day. Resuming operations is dependent on a variety of factors, including the outcome of team member testing and how long it takes to get results back.
“We’re working with local health officials to bring the plant back to full operation as soon as we believe it to be safe,” Steve Stouffer, head of Tyson Fresh Meats, said in the company’s statement. “Unfortunately, the closure will mean reduced food supplies and presents problems to farmers who have no place to take their livestock. It’s a complicated situation across the supply chain.”
I'm thinking if suppliers and farmers are stuck with too much supply, then price should be down.
The Tyson plant in Washington produces enough beef in one day to feed four million people, according to the company. It’s one of the few facilities in the northwestern U.S., with capacity of 2,300 cattle a day. Resuming operations is dependent on a variety of factors, including the outcome of team member testing and how long it takes to get results back.
“We’re working with local health officials to bring the plant back to full operation as soon as we believe it to be safe,” Steve Stouffer, head of Tyson Fresh Meats, said in the company’s statement. “Unfortunately, the closure will mean reduced food supplies and presents problems to farmers who have no place to take their livestock. It’s a complicated situation across the supply chain.”
I'm thinking if suppliers and farmers are stuck with too much supply, then price should be down.
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