October 30, 2012

Meat, poultry companies prep for Hurricane Sandy

As Hurricane Sandy bears down on the East Coast, meat and poultry companies are preparing to ride out a massive and life-threatening storm. Hurricane Sandy is forecast to make landfall the night of Oct. 29, bringing with it sustained tropical storm-force winds, historic surge levels and heavy snowfall in the Appalachians, according to the National Weather Service. Hurricane Sandy’s impact was being felt in livestock futures before the storm made landfall as the market prepared for potential disruptions caused by the massive storm. Analysts were anticipating the storm would cause shipment delays to the East Coast and impact customer demand for meat. Meat and poultry processors in the Northeast could face downtime due to severe weather, according to news reports.  Read More

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