U.S. places $40 million chicken order

CNN Money ^ | 8/17/11 | Parija Kavilanz

[Nachum]

New York - The United States is stepping in to help bail out another American industry -- chicken farmers and meat processors. The nation's chicken industry is having a difficult year. Chicken producers are struggling with higher costs of running their business at the same time that consumers are buying less meat. This has created a glut of chicken products in the market. Total chicken production in the first half of 2011 rose 4% compared to the same period a year ago, while demand for chicken has cooled, (Snip) The Department of Agriculture, keenly aware of these issues, announced Monday

[Nachum]

A chicken bailout?

[Wolfie]

We are so plucked.

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[momtothree]

What the cluck is this about?!

[Oldeconomybuyer]

A chicken bailout?

RACIST!

[Responsibility2nd]

U.S. places $40 million chicken order

__________________________________________

Nothing to get choked up about.

[swain_forkbeard]

I cry fowl.

[Cowboy Bob]

Oh, No! We can't let the marketplace resolve things...the government needs to step in! /sarc

[Gadsden1st]

Obama must be planning one heck of a vacation.

[lump in the melting pot]

A chicken in every pot! From Obama’s stash!

[GreaterSwiss]

-Need to put a sign in KFC and at supermarket.. Obama’s fault for the high prices!

While that would be a good thing for producers, it could happen at the expense of consumers since reducing supply tends to raise retail prices for the product.

Retailers typically shy away from raising product prices. So Roenigk suspects stores will try to couch any prices increases. “You could see retailers offering discounts and specials on chicken less often than they have been,” he said. To top of page

[lwd]

Is it for the Obama/Holder family reunion?

[FatherofFive]

We are so plucked.

Post of the day! LOL

[6SJ7]

The agency, blaming higher grain prices and a difficult economy, expects broiler meat production in the second-half of 2011 to fall below last year's level and also anticipates broiler meat production to slow down in 2012.

So the government wastes $40 million in taxpayer money to prop up chicken prices which suffered higher prices due to the government propping up the corn/ethanol industry.

[Tennessee Nana]

So when do Joe Blow and Susie Snow, American taxpayers, get bailed out ???

Whats that ???

The Obama money stimulus check is in the mail ???

[momtothree]

“I cry fowl”

Well, you don’t need to get your feathers all ruffled. LOL!!

[chris_bdba]

This explains the constant sales of bone-in chicken breasts for .99¢ a pound I keep seeing.

[VanDeKoik]

Oooooh, now you’ve done it! :D

[yldstrk]

Let the price of chicken fall. Quit trying to direct the economy

[Polyxene]

“A chicken in every pot.” — Herbert Hoover, 1928 campaign slogan

“Chicken nuggets on every table.” — Barack Obama, 2012 campaign slogan