Thanksgiving is less than two weeks away and COVID spikes are coming at the worst time for livestock producers.
That is according to the president of Global Commodity Analytics. He says that if families scale back their holiday gatherings there could be a decline in red meat consumption.
This is the time of year when many people try new meats or stock up on seasonals. Pfizer’s announcement of a vaccine supported cattle and hog futures earlier this week, but there are still many unknowns when it comes to seasonal demand.
Related:
Uncertainty looms over turkey demand
A scaled-down Thanksgiving puts turkey farmers in limbo