Local farmers, meat?

[TheGrey]

I can only speak to my little world in the beef industry but yeah, kill and fab are not improving nearly as quickly as we'd expected/hoped and while there has been some improvement, it's not enough to drive down prices or improve availability with restaurants starting to open or people stocking up because of reduced availability. If someone has a line on alternative means to find protein it would be smart to do so.

With what you know and what you see, do you think prices and supply will stabilize by the end of summer? Or do you think the holidays will turn everything upside down again?

[blacklabel]

With what you know and what you see, do you think prices and supply will stabilize by the end of summer? Or do you think the holidays will turn everything upside down again?

It's entirely related to labor. I'm not trying to argue one point of view or another but in my opinion we won't see tremendously improved supply until the fear of transmission in the plants is negated. A lot of companies are also advising anyone 60 or older to stay home. They could represent 10% or more of a plants workforce and generally the most reliable. Analysts are expecting prices to fall like a rock in Q3 with supply coming back to normal levels but they also didn't expect this to last two and a half months already.

As for the fall, that depends on if we see a repeat in cases and how the media/govt responds. Again, just my opinion. I could definitely see things going south again.

http://www.agcenter.com/newcattlereport.aspx

[TheGrey]

It's entirely related to labor. I'm not trying to argue one point of view or another but in my opinion we won't see tremendously improved supply until the fear of transmission in the plants is negated. A lot of companies are also advising anyone 60 or older to stay home. They could represent 10% or more of a plants workforce and generally the most reliable. Analysts are expecting prices to fall like a rock in Q3 with supply coming back to normal levels but they also didn't expect this to last two and a half months already.

As for the fall, that depends on if we see a repeat in cases and how the media/govt responds. Again, just my opinion. I could definitely see things going south again.

http://www.agcenter.com/newcattlereport.aspx

Your opinion is based on more experience/exposure than I have, so it holds water. The good thing is that meat in your freezer or canned or cured is always a good bet.
I hadn't thought about the labor force angle. Good info, thanks.