Due to the spread of COVID-19, meat productions has come off line in plants across the country. However, with 15% of pork production now shut down and potentially more meat shortages, it will be felt directly at the grocery stores as CNN reports with “millions of pounds of meat” about to disappear from the supply chain.
Tyson Foods (TSN) is warning that “millions of pounds of meat” will disappear from the supply chain as the coronavirus pandemic pushes food processing plants to close, leading to product shortages in grocery stores across the country.
“The food supply chain is breaking,” wrote board chairman John Tyson in a full-page advertisement published Sunday in The New York Times, Washington Post and Arkansas Democrat-Gazette.
US farmers don’t have anywhere to sell their livestock, he said, adding that “millions of animals — chickens, pigs and cattle — will be depopulated because of the closure of our processing facilities.”
“There will be limited supply of our products available in grocery stores until we are able to reopen our facilities that are currently closed,” Tyson wrote.
Tyson Foods, which employs roughly 100,000 workers, closed its pork plants in Waterloo, Iowa, and Logansport, Indiana, last week so that workers in those facilities could be tested for the virus.
Pork processing plants have been hit especially hard, with three of the largest in the United States going offline indefinitely— Smithfield Foods in Sioux Falls, South Dakota; JBS pork processing in Worthington, Minnesota; and the Tyson plant in Waterloo, Iowa. Together, the three plants account for approximately 15% of pork production. (source)
This will be a very interesting development to pay attention to, especially as American place blame on China for “trying to starve the US”, and seeing what the political developments that come will be.