COVID-19 Outbreak (Update: More than 2.9M cases and 132,313 deaths in US)

bonnjer said
I thought there was a meat shortage? From my understanding of basic economics, when supply is decreasing and demand is staying the same / increasing, prices don't usually get cut. So, what gives here? Couple this news with the fact that I haven't seen much in the way of meat shortages in my area and it makes me start to wonder things.

https://www.foxbusiness.com/markets/tyson-foods-may-slash-beef-prices-20-30

There is a huge backlog of cattle ready for slaughter and the resolution for safety at these plants seems like it ought to be quite simple if not also quite expensive. Seems like rather than let the cattle rot they're going to attempt to move it out. And, cash flow may be as necessary during this crisis as profit or moreso.