USDA is set to unleash a slew of reports on Friday. From Crop Production to Winter Wheat Seedings, the reports will ripple through the markets. What impact could prices see after the reports are released?
Plunging sales and plant closures are all creating a crisis right now for the pork industry. Hogs are stacking up on farms with farmers scrambling to find places to process them as the value per hog plummets.
The Smithfield Foods plant in Sioux Falls announced it was closing until further notice. As of Tuesday, 438 total workers have tested positive with COVID-19. That’s an increase of nearly 100 overnight.
The National Pork Producers Council has asked Congress for a legislative fix to a federal emergency response law that requires farmers to report emissions from the natural breakdown of manure to the U.S. Coast Guard.