The COVID-19 "Meat Shortage" Is a Corporate Cash Grab; Here's How to Play It
May 04, 2020 at 05:00 AM EDT
I recently shared a mobile phone snap with my Straight-Up Profits readers. I was on a shopping trip here in my home state of Delaware... At the time, I said there would be no food shortages, but that we'd probably have to settle for different food in different packaging - maybe less processed, maybe of a different variety. Since then, the headlines about and statements from the food industry have only gotten worse. Lisa Lochridge, director of public affairs for the Florida Fruit and Vegetable Association, says the food supply chain is in "a disastrous situation." And in an ad - a full page, no less, this past Sunday in The Washington Post , The New York Times , and The Arkansas Democrat-Gazette , John Tyson, the board chairman of meat processor Tyson Foods, warns "the food supply chain is breaking." And the statistics look scary, too. About 33% of U.S. pork processing capacity is down right now, and Tyson just closed its first large poultry plant. "World's Biggest Wheat Supply Dries Up When Some Want It Most," declares a recent Bloomberg News headline. Friends and even family are reaching out to me, worried about a pending food shortage. Who wouldn't be after seeing these headlines? Well, I'm not - and you don't have to be, either. Because this situation is a classic Reality Gap - and another COVID-19 myth that needs handling. Not only are we not about to run out of food, but there's a very profitable setup unfolding that could put a little extra something on your family table... Full Story The post The COVID-19 "Meat Shortage" Is a Corporate Cash Grab; Here's How to Play It appeared first on Money Morning - We Make Investing Profitable . Not only are we not about to run out of food, but there's a very profitable setup unfolding that could put a little extra something on your family table... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.