# Daily Global Market Summary - 27 April 2020

> 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.

- Date: 2020-04-27 · published 2020-04-27T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/53862-daily-global-market-summary-27-april-2020
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Meatpacker closures reduce hog and cattle slaughter, which pressures live animal prices and lowers demand for corn and soymeal used in feed.

## Read by commodity

- WTI: bearish ▼
- HOGS: bearish ▼
- LCATTLE: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/marketintelligence/en/mi/research-analysis/daily-global-market-summary-27-april-2020.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.