Cattle Prices Plunge To GFC Lows Amid Soaring Food

Prices

by Tyler Durden

Wed, 04/29/2020 - 04:55

"US live cattle futures plunged last week to levels not seen since the 2008-09 financial crisis as impacts from the coronavirus pandemic are being realized.

Livestock traders continue to exhibit concern that uncertainty for meat demand is a full year story as restaurants remain closed, and meatpacking facilities have shuttered operations leaving farmers with overcapacity among herds.

Over the next 6-8 months, some form of social distancing will remain in place that will likely result in operation limitations for restaurants, plus consumers will live in fear of going out to their favorite eatery as there is still no adequate virus testing for the entire population and no proven vaccine. Also, concerns of a second virus wave materializing in the fall will keep people confined to their homes.

The closure of meatpacking plants has weighed on spot cattle prices as the rash of COVID-19 outbreaks at dozens of meatpacking plants across the country has quickly transformed into a crisis.

Around 150 of these facilities operate within counties where virus cases and deaths are exceptionally high."

moar:

https://www.zerohedge.com/markets/cattle-prices-plunge-gfc-lows-amid-soaring-food-prices

After 2016 shock Democrats scared of their own shadow in

facing Trump

by Naomi Lim

April 29, 2020 06:06 AM

"Three-and-a-half years after President Trump's surprise victory over Hillary Clinton, many Democrats remain haunted by her failure to defeat the most unqualified, dangerous and reckless person — in their view — ever to sit in the Oval Office.

To win in 2016, this line of thinking goes, Trump must have had some secret sauce, a hidden political genius invisible to most, which allowed him to triumph over an admirable figure like Clinton, a former first lady, senator from New York, and secretary of state. That includes Trump cracking the vaunted "blue wall," winning Pennsylvania, Michigan, and Wisconsin, which voted for the Democratic presidential nominee six straight elections between 1992 and 2012.

Now, with Democrats running to deny Trump a second term, on a ticket to be headed by former Vice President Joe Biden, a great debate rages in the party over the extent of Trump's political smarts and acumen.

One high priest of Democratic establishment politics, Dan Pfeiffer, a former communications director for President Barack Obama's White House, contends Trump is effectively a political paper tiger. Democrats are scared of their own political shadow heading into the fall fight between Biden and Trump, Pfeiffer said in a recent episode of "Pod Save America," a weekly show he hosts with three other Obama Administration speech-writing alums, which has a wide following among uber-partisan Democrats."

moar:

https://www.washingtonexaminer.com/news/after-2016-shock-democrats-scared-of-their-own-shadow-in-facing-trump

anons enjoying the news blitz or pepe KYS? kek!