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USA - Meat trade profits good
Posted May 18, 2010After some of the steepest profit declines in recent memory, meat producers are feeding at the trough again.
Profits are growing amid tight supplies, rising prices, lower feed costs and a modest uptick in demand.U.S.-based operators plumping up again include Sanderson Farms (SAFM), Tyson Foods (TSN), Pilgrim’s Pride (PPC) and Smithfield Foods (SFD). As the economy comes back, “even a little positive demand in the face of reduced supply” gives a boost to the industry, said analyst Stephen Share of Wisco Research.
http://www.meattradenewsdaily.co.uk/news/180510/usa___meat_trade_profits_good_.aspx
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