Quote:
Originally Posted by RunKC
Market is up this morning and BYND is struggling. That’s not a great sign
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It probably never should have been anywhere near the 90s, but YAY for no meat and all that healthy horse shit. Reality will sink in and settle it out wherever it belongs.
Like mentioned above, an ASF outbreak or some other big meat production issue/scare is what will keep BYND in the back of my mind for another quick play. Inspectors being in the fields doing product use checks tells me the ASF risk is much higher than they're letting it appear it is. Rumors coming out of some large complex units with deep connections are worried some insurance companies will not even be able to handle the losses when they happen.
There are quite a few plays to be made around the ASF scare but playing with commodities is like sticking your dick in crazy, so enter at your own risk. The plays would also depend on whether or not China lets some of its people starve or begins importing other protein sources in large amounts. It'll be fun times with massive amounts of money to be made and lost in a short amount of time.