Quote:
Originally Posted by Made in the USA  ...it faces high feed and fuel costs and absorbed charges for previously-disclosed plant closings.
...Tyson withdrew its guidance, largely because feed prices were too volatile. The company expects to pay as much as $1 billion more in fiscal 2008 for feed ingredients than in the prior year.
...Bond again criticized government policy on ethanol production, saying the amount of fuel produced has a negligible impact on oil imports while the price of corn is skyrocketing, driving up the cost of food. He said the greatest impact is on the people who can least afford it. Also, Tyson and Pilgrim's Pride Corp., for instance, have cut jobs as they try to contain costs... |
They are big fans of ethanol aren't they! /sarcasm
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