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Smithfield CEO: Higher Food Prices Are Here To Stay
TWS ^ | Phoenix Capital Research

Posted on 05/04/2011 6:47:32 PM PDT by blam

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To: Rushmore Rocks

Bin Laden bounce will last until the voter buys groceries and gas.


21 posted on 05/04/2011 8:08:15 PM PDT by scooby321
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To: ChildOfThe60s
Anyone remember the Smithfield BBQ drive-in intermission ad where the guy goes:"Yaa-Hoooooo!" At the end?
22 posted on 05/04/2011 8:16:16 PM PDT by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: Farmer Dean

My asparagus are normally up in early to mid April. It is May 4 and only the purple tips are showing at ground level. With rain and warmer temps forecast, they will be popping soon, but nearly a month late.

As soon as the weather warms and it isn’t raining, my neighbors will be planting their row crops 24/7 to get it done. I remember bean harvests that went on all night, or so it seemed, with flood lights on the combines.

Hoping for a long enough season, this year. In a cold Spring year, an early frost will be devastating to tender garden produce.


23 posted on 05/04/2011 8:50:30 PM PDT by reformedliberal
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To: blam

Well, I was thinking about this and had actually gone on to another post, but I came back because, he states that Puritan Pride went bankrupt. Perhaps, but _someone_ is producing chicken under that label because I still see it in the grocery store. So bankrupt isn’t necessarily out of business.

OTOH, while the prices of all chickens have increased, the weight of the packages has declined at the same time. Whole roasters are still affordable and the same weights, but you get perhaps 20% less in cut-up chicken, especially if you buy skin-on, bone-in chicken beasts.

Pork is more expensive, too, of course, but it is still the most affordable meat if you buy the shoulder or a whole loin and portion it yourself. Bacon is way up. Even Spam has gone up, some.

It goes back to corn and corn goes back to diesel. Even with the off-road tax break, one of my farmer neighbors told us he will use over 850 gallons in a day when planting row crops and that is a huge expense.

I wonder if we will be forced back into the days when every family raised a pig on scraps? Except for the brand-new litters, which are adorable, raising pigs is a muddy, smelly business.


24 posted on 05/04/2011 9:08:30 PM PDT by reformedliberal
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To: reformedliberal

I have four dogs (click on my name to see them) that I feed one chicken leg quarter every day. When I started doing this (about 9 years ago), I could get a 10 pound bag for $1.90 each. Tomorrow, I will buy them on sale for $6.50 each 10# bag. (still not a bad price for meat)


25 posted on 05/04/2011 9:25:20 PM PDT by blam
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To: Rushmore Rocks

In the store tonight to pick up some cereal. My favorite, Great Grains - $6.09 a box. I usually pass it up if it’s over $4. Looks like I’m switching to generic.


26 posted on 05/04/2011 9:31:41 PM PDT by stiguy
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To: Rushmore Rocks

I’m hoping to get some grocery shopping in today; been working lots of overtime lately and the cupboard is bare! I also have to tank up at over $4 a gallon, so this is going to be one expensive day off! Grrrr!


27 posted on 05/05/2011 4:40:45 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
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To: muawiyah

Soybeans are a part of almost every animal feed.Meat prices will soar if soybeans are in short supply.


28 posted on 05/05/2011 5:01:29 AM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Farmer Dean

True enough ~ and soy beans get into plastic stuff as well, but when you get right down to it an asian origin pea pod is no substitute for fava beans is it.


29 posted on 05/05/2011 5:35:04 AM PDT by muawiyah
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To: Emperor Palpatine

The Shills are Coming!! The Shills are Coming!!!

Oh wait. I’m too late.


30 posted on 05/05/2011 11:18:15 PM PDT by EvasiveManuever (Shakespeare got it wrong. Not the lawyers... journalists.)
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To: kcvl

“Meanwhile, Congress does nothing about the aspect of this that they could address — agriculture subsidies in general, and ethanol subsidies in particular.”

I don’t know what you’re complaining about. I think burning our food is a splendid idea.


31 posted on 05/09/2011 8:07:57 PM PDT by dsc (Any attempt to move a government to the left is a crime against humanity.)
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