Late last week, Brazil announced the discovery of two cases of atypical bovine spongiform encephalopathy (BSE), or, more colloquially known as Mad Cow disease.
The chicken markets have been influenced by hatchery issues and a lack of labor, and it doesn't appear to be improving any time soon.
The coronavirus (COVID-19) remains atop the market’s mind, but the trickledown effects impacting the U.S. restaurant industry are among the most significant unknowns. The U.S. central bank made an emergency cut on Tuesday, the first emergency move (and the largest rate cut) since the 2008 financial crisis in an effort to “boost household and business confidence,” but the rate cut isn’t likely to improve wider spread consumer fears, at least not in the near-term.
Topics: Market Intelligence