.comment-link {margin-left:.6em;}
Visit Freedom's Zone Donate To Project Valour

Tuesday, May 02, 2006

Significant Losses In The US Chicken Industry

And they laughed at me when I said the first contingency banks had to deal with regarding bird flu had nothing to do with the actual flu, bird or human:

Tyson Foods Inc., the nation's largest producer of chickens, on Monday reported its largest quarterly loss in more than a decade as concerns about avian flu and mad cow diseases hurt
exports.The company reported it lost $127 million, or 37 cents per share, in the first quarter compared with a net profit of $76 million, or 21 cents per share, in the same period a year ago.

The nation's two other large chicken producers, Pilgrim's Pride Corp. of Pittsburgh, Texas, and Gold Kist Inc. of Atlanta are also expected to report huge losses later this week. Pilgrim's Pride and Gold Kist are each expected to report losses of as much as 32 cents, according to
Thomson Financial.

I know Brazilian producers are taking a major hit as well. I think many of them have shut down plants.

Agreed. This is round one of a brutal, long haul.

The economic repurcussions of even an Avian Flu scare have yet to be understood.

As an example, Home Depot has been out of face masks for a couple of momths now. They have bought and sent overseas up by American relatives of people where access to such basics is impossible.
Pilgrim's reported a loss of 48 cents.

Face masks are getting hard to find.
Tyson foods deserves all the misery that can be laid on them. They are a major employer of criminal aliens. Boycott the suckers and close them down, bird flu or not.
Since you mention it, Tyson closed down several plants to accommodate the protests. Of course, I bet that's because they had such an oversupply.
Post a Comment

Links to this post:

Create a Link

<< Home

This page is powered by Blogger. Isn't yours?