(Bloomberg) — If getting more pork to consumers is the only gauge, then U.S. President Donald Trump’s order for slaughterhouses to reopen after Covid-19 outbreaks looks like being a resounding success.
Government estimates for daily hog slaughter jumped 19% from a week ago and is now only 11% below year-ago levels. The cattle kill is also up. The chart below shows the hog slaughter recovery, with the intermittent dips representing weekends.
Top meatpacker JBS SA (OTC:) said Friday that while output is likely to keep climbing, it’s too soon to say that the worst is over given all the virus unknowns.
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by : Bloomberg