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Tyson Foods, Inc, announced on Tuesday it will pay approximately $60 million in “thank you” bonuses to its 116,000 frontline employees and Tyson truckers in the U.S.

The monetary awards will help students support their educational and professional goals.

Retail meat sales spiked 77% higher for the week ending March 15, but food shortages are not expected during the “social distancing” period underway to slow the spread of COVID-19.

Seeking to bolster America’s economy amid growing fears over the coronavirus, the U.S. Federal Reserve cut interest rates on Tuesday by half a percentage point.

One of the most high-profile events in farm country affected by coronavirus concerns is the Houston Livestock show and Rodeo. Some producers had to pack up and leave for home while others didn’t even make the trip.

LMIC says that strong retail demand, and the resulting spike in processing margins, has incentivized processors and packers to ramp up production the last two weeks.

Pork exports maintained a torrid pace into the new year with January sales to China/Hong Kong leading the way. January beef exports increased modestly from last year.

The U.S. saw a loss of 5,800 farms in 2019 versus 2018, per USDA. But, that’s the smallest decline in recent years.

Iowa’s General Assembly failed to take action on a request by activist groups for a legislative moratorium on new and expanded “factory farms” in the Hawkeye state, but the groups vow the issue will return.

Fears over the coronavirus have caused Cargill Inc. to ban all non-essential employee travel. Facebook has also cancelled its largest convention, but the organizers of the Tokyo Olympics say preparations continue.