"Chicken Hunter wonders about Tyson foods. They have consolidated the market to the point that if a farmer is profitable or if Tyson didn't figure out how to plug all of the variables of food production to point in the direction of Tyson corporate offices they will make the consumer pay. If it isn't helpful to Tyson Foods they will work extremely hard to make the consumer pay for it's short-sited approach to managing the dinner plate. How can this extreme consolidation of America's food be good?
REMEMBER: FARMER GOOD- TYSON CORP ...... When prices fall TYSON loves it and refuse to pass it on, when they pay a market price they don't have give any of that gain back they want you to pay for it next quarter.
REMEMBER: FARMER GOOD- TYSON CORP ...... When prices fall TYSON loves it and refuse to pass it on, when they pay a market price they don't have give any of that gain back they want you to pay for it next quarter.
In Greenland we have local vendors, local meat source, local butchers, local bakers, local candlestick makers and we don't have corporations controlling what I eat and how much I pay for it. (If you want to read about our struggles with Greenland's food read how these GUYS are impeding my family's hunting rights.
Tyson posts loss, warns of higher meat prices
From Tribune news services
Published November 14, 2006
Corn farmers predicted this year's bumper crop in the U.S. The surprise was the surge in prices that came with it.A 77 percent jump in the past year has made corn the most expensive since 1996, squeezing profit at companies such as Tyson Foods Inc.The world's largest meat processor warned Monday that rising corn prices could mean consumers will have to pay more for chicken, beef and pork next year, as it ended its fiscal year with a third-straight quarterly loss."I believe the American consumer is going to have to pay more for protein. We are at new levels on corn that are not likely going to be retrenching back to '06 levels," said Chief Executive Richard Bond.Bond said the price of corn, which is used to feed chicken and livestock, is going up because of demand from ethanol plants springing up to provide alternative fuel sources to oil. The Springdale, Ark.-based company said its fourth-quarter loss was $56 million, or 17 cents a share, compared with a profit of $117 million, or 33 cents a share, a year ago. Analysts expected a loss of 4 cents a share. Revenue was flat at about $6.47 billion.Not even the third-largest harvest in history can stem the advance of corn prices. Rising sales to livestock and ethanol producers and a global grain shortage sent corn climbing to $3.72 a bushel last week. On Monday, March corn contracts fell a penny, to $3.585 a bushel, at the Chicago Board of Trade."Quite frankly, the American consumer is making a choice here," Bond said. "This is either corn for feed or corn for fuel. That's what's causing this."Prices might need to top $5 a bushel before demand slows, said Brent Harris, who runs a commodity fund at Pacific Investment Management in Newport Beach, Calif.Historically, low prices follow big corn crops in the U.S., the world's largest producer and exporter. The record 2004 harvest of 11.81 billion bushels caused corn to sink from about $3.40 a bushel in April of that year to $1.94 a bushel 10 months later.Since the end of September, when most farmers started harvesting this year's crop, prices have jumped 31 percent. Corn prices "have clearly caught the market wrong-footed," said Credit Suisse analyst David Nelson in Chicago.
Tyson posts loss, warns of higher meat prices
From Tribune news services
Published November 14, 2006
Corn farmers predicted this year's bumper crop in the U.S. The surprise was the surge in prices that came with it.A 77 percent jump in the past year has made corn the most expensive since 1996, squeezing profit at companies such as Tyson Foods Inc.The world's largest meat processor warned Monday that rising corn prices could mean consumers will have to pay more for chicken, beef and pork next year, as it ended its fiscal year with a third-straight quarterly loss."I believe the American consumer is going to have to pay more for protein. We are at new levels on corn that are not likely going to be retrenching back to '06 levels," said Chief Executive Richard Bond.Bond said the price of corn, which is used to feed chicken and livestock, is going up because of demand from ethanol plants springing up to provide alternative fuel sources to oil. The Springdale, Ark.-based company said its fourth-quarter loss was $56 million, or 17 cents a share, compared with a profit of $117 million, or 33 cents a share, a year ago. Analysts expected a loss of 4 cents a share. Revenue was flat at about $6.47 billion.Not even the third-largest harvest in history can stem the advance of corn prices. Rising sales to livestock and ethanol producers and a global grain shortage sent corn climbing to $3.72 a bushel last week. On Monday, March corn contracts fell a penny, to $3.585 a bushel, at the Chicago Board of Trade."Quite frankly, the American consumer is making a choice here," Bond said. "This is either corn for feed or corn for fuel. That's what's causing this."Prices might need to top $5 a bushel before demand slows, said Brent Harris, who runs a commodity fund at Pacific Investment Management in Newport Beach, Calif.Historically, low prices follow big corn crops in the U.S., the world's largest producer and exporter. The record 2004 harvest of 11.81 billion bushels caused corn to sink from about $3.40 a bushel in April of that year to $1.94 a bushel 10 months later.Since the end of September, when most farmers started harvesting this year's crop, prices have jumped 31 percent. Corn prices "have clearly caught the market wrong-footed," said Credit Suisse analyst David Nelson in Chicago.
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