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  • Meat prices suddenly surge as food processing plants shut down, with 1000s of tons left to spoil

    Meat prices suddenly surge as food processing plants shut down, with 1000s of tons left to spoil

    As we pointed out earlier in the week, China-owned Smithfield Food's decision to temporarily shutter the largest pork processing plant in the US, based in Sioux Falls, SD, due to a coronavirus outbreak is a much more significant even than the mainstream media gave credit for. The real takeaway here, is that the supply chain for American staples was badly damaged by the outbreak, with the damage still more extensive and stubborn than government officials have really acknowledged.

    H/T: Zero Hedge

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