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Discussion Starter · #1 ·
<a href="http://online.wsj.com/article/SB10001424053111903596904576516560956498024.html" target="_blank">http://online.wsj.com/article/SB1000...956498024.html</a><br><br><br>
this screws with supply and demand. we stop buying chicken, the farmers have a surplus, but its okay- they will just get bailed out and keep producing at high levels.<br>
No different from the mortgage lenders or GM.<br>
I was surprised to read this article.<br><br>
edit:<br>
Here is an article that works:<br><a href="http://money.cnn.com/2011/08/16/news/economy/chicken_prices/" target="_blank">http://money.cnn.com/2011/08/16/news...hicken_prices/</a>
 

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Discussion Starter · #2 ·
I apologize- the link isn't good unless you subscribe. For some reason it gave me a full article through the link I used.<br><br>
There is some hurt going on in the industry as a whole, I found this related story:<br><a href="http://latimesblogs.latimes.com/money_co/2011/08/consumer-confidential-air-fares-southwest-delta-taxes-chicken-prices-tyson-foods-grain-ford-volkswagen-mustang-jetta-safety.html" target="_blank">http://latimesblogs.latimes.com/mone...ta-safety.html</a><br><br>
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<div class="quote-container"><span>Quote:</span>
<div class="quote-block">Chicken prices, on the other hand, are definitely going up. Tyson Foods, one of the big clucks in the poultry field, says high grain prices are here to stay, and the company will price its chicken accordingly. "We simply have to get paid for the value we are providing," Tyson CEO Donnie Smith said in a conference call with investors. Tyson lost $286 million in the fourth quarter of 2008, much of it due to hedging losses. The company has since taken a more conservative approach to buying grain. Tyson and other poultry producers have started to cut back poultry production. Smith would not detail the extent of Tyson's cuts, except to say that they reflect an expected decline in demand this year.</div>
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<br><a href="http://online.barrons.com/article/SB50001424052702304576504576512430405560052.html?mod=BOL_twm_fs" target="_blank">http://online.barrons.com/article/SB...mod=BOL_twm_fs</a><br><div class="quote-container"><span>Quote:</span>
<div class="quote-block">The sky is falling in the chicken industry.<br><br>
The prices of corn and soybean meal have rocketed since late last year and are expected to remain high for much of next year because of continuing low crop yields. At the same time, chicken prices are near all-time lows on weak demand from the crucial restaurant and food-service industry, which represents two-thirds of the industry's sales, as penny-pinching consumers pull back on dining out.</div>
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you can use the link I provided for it on my thread dated the 17th<br><br><a href="http://money.cnn.com/2011/08/16/news/economy/chicken_prices/?iref=NS1" target="_blank">here</a>
 

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Discussion Starter · #4 ·
sorry! I didn't realize there was already a thread about this- my bad!
 

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Since there is another thread on the subject, I'm closing this one.
 
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