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S&P Global's daily summary said the Bank of Japan announced additional easing to support corporate financing while oil prices fell under storage pressure. It also reported that JBS USA temporarily closed a Minnesota pork plant after COVID-19 outbreaks among workers, with more than 5,000 UFCW members sickened or exposed.
Meatpacker closures reduce hog and cattle slaughter, which pressures live animal prices and lowers demand for corn and soymeal used in feed.
spglobal.comApr 27, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
