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Beef Market Still Feeling The Effects Of COVID-19

Remember back when people were panic-buying burger patties, meat prices were erratic and there were concerns about the food supply chain? We checked back in on that situation, and there are still some lingering issues.

Livestock auctions took some precautions towards the beginning of the pandemic, limiting who can come, but most stayed open.

Those auctions were crucial for getting ranchers a good price and to keep the meat moving, said Chelsea Good is with the Livestock Marketing Association.

“We’ve worked with both our federal officials, but then also our states and local communities to help get them that critical food supply designation and allow them to continue operating in this important time,” she said back in March. Read more…..

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The FM traders look at stocks that have been winners since March and whether they would continue to hold them. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Karen Finerman.

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