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Today we are watching…
1. BRF ADRย (#brf-adr)
Spare a thought for meat plant workers, the most infected professional cohort out there. The worldโs largest producers have locked their gates and completely wound down operations, so the common laws of supply and demand enter the fray once more as far as investors are concerned. With fewer chops in the shops, prices are rising. Wholesale pork costs 55.86 cents per pound, a two-year high, and thatโs going to test consumers. Keep an eye on other farmers. The Trump administration just pledged to purchase some milk and meat to ease the pressure on their pocketbooks.
2. Royal Dutch Shell (#shell)
Every wonder why Royal Dutch Shell gets to sit in on meetings about how its industry will be regulated, how geopolitical forces plan to move its oil, and how certain environmental reforms are coming down the pipeline to affect it? Lobbying. The company paid the American Petroleum Institute $12 million last year, and that number could be set to rise as the oil giant reveals it isnโt happy with the posture taken by some of those governing organisations. However, itโs not what you think! Shell is pressing for the groups to support the goal of the Paris Climate Agreement. Thatโs the source of the beef. More on this soon.