Meat Machine 🥩

Meat Machine

Meat is one of the most extensive parts of the food and restaurant industry; in fact, U.S. meat production totaled 52 billion pounds in 2017, with poultry production (by itself) totaling 48 billion pounds in 2017. COVID-19’s Omicron variant, although seemingly unrelated as primarily air-borne virus, has begun to affect the meat industry significantly by taking down workers. With workers infected and out of work, meat plants have had to slow production. In the meat industry, each step is crucial, from farming to inspection to processing, because at the end of the line is someone’s dinner plate – and ultimate health. The meat supply seems to be hitting beef and a few others the hardest, with companies like Cargill Inc, a top U.S. beef producer, seeing decreased slaughtering capacity in just the last week. The issue is reminiscent of the beginning of the COVID era, March of 2020, when many meatpackers caught COVID, except this time it’s Omicron. When comparing meat production to just a year ago (when COVID was still raging), data from the U.S. Department of Agriculture estimated beef processors slaughtered 6% fewer cows and 5% fewer pigs.

Measures to help improve the situation and reduce COVID cases among employees, like reinstating monitors who ensure plant workers stay safely distanced, are being taken. Booster shots were not encouraged before but may hopefully be encouraged going forward. Factories will also continue to limit transmission by enforcing the wearing of masks. With Omicron touching near every industry’s ability to produce goods and services, do you think we’ll ever return to normal, or will supply-chain issues prevent us from doing so?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying, holding or investing in digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC.

The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.