Active Low-Carber Forums
Atkins diet and low carb discussion provided free for information only, not as medical advice.
Home Plans Tips Recipes Tools Stories Studies Products
Active Low-Carber Forums
A sugar-free zone


Welcome to the Active Low-Carber Forums.
Support for Atkins diet, Protein Power, Neanderthin (Paleo Diet), CAD/CALP, Dr. Bernstein Diabetes Solution and any other healthy low-carb diet or plan, all are welcome in our lowcarb community. Forget starvation and fad diets -- join the healthy eating crowd! You may register by clicking here, it's free!

Go Back   Active Low-Carber Forums > Main Low-Carb Diets Forums & Support > Low-Carb Studies & Research / Media Watch > LC Research/Media
User Name
Password
Register FAQ Members Calendar Mark Forums Read Search Gallery My P.L.A.N. Survey


Reply
 
Thread Tools Display Modes
  #1   ^
Old Mon, Feb-09-04, 12:10
gotbeer's Avatar
gotbeer gotbeer is offline
Registered Member
Posts: 2,889
 
Plan: Atkins
Stats: 280/203/200 Male 69 inches
BF:
Progress: 96%
Location: Dallas, TX, USA
Default "U.S. poultry shares fall as chicken flu prompts bans"

U.S. poultry shares fall as chicken flu prompts bans

Monday February 9, 11:08 am ET


http://biz.yahoo.com/rm/040209/bird...a_stocks_1.html

CHICAGO, Feb 9 (Reuters) - Shares of poultry companies Tyson Foods (NYSE:TSN - News), Pilgrim's Pride (NYSE:PPC - News), and Sanderson Farms (NasdaqNM:SAFM - News) fell sharply on Monday as export markets banned U.S. poultry after avian influenza was discovered in Delaware.

"We are currently in wait-and-see mode until further information on the discovery of AI is revealed," said Leonard Teitelbaum, a food industry analyst with Merrill Lynch.

The United States exports about 15 percent of its chicken production, earning it some $2 billion a year in revenue, Teitelbaum said.

The U.S. Agriculture Department said the strain of avian flu found in Delaware was less severe than the one that has spread through Asia. There was no evidence the Delaware strain transmits to humans, a spokesman said.

Japan and South Korea banned imports of U.S. chicken over the weekend.

Tyson shares were down 57 cents, or 3 percent, at $16.46 on the New York Stock Exchange (News - Websites) on Monday morning and Pilgrim's Pride shares were down $2.07, or 10 percent, at $18.49. In over-the-counter trading Sanderson Farms shares were down $2.84, or 5 percent, at $51.301.

Tyson is the nation's largest chicken producer, Pilgrim's Pride is No. 2, and Sanderson Farms is sixth.
Reply With Quote
Sponsored Links
  #2   ^
Old Mon, Feb-09-04, 16:09
DebPenny's Avatar
DebPenny DebPenny is offline
Senior Member
Posts: 1,514
 
Plan: TSP/PPLP/low-cal/My own
Stats: 250/209/150 Female 63.5 inches
BF:
Progress: 41%
Location: Sacramento, CA
Default

OK, so how does this affect slaughtered and dressed chicken? It seems to me that this only affects those who might come into contact with the live chickens.
Reply With Quote
  #3   ^
Old Mon, Feb-09-04, 16:35
gotbeer's Avatar
gotbeer gotbeer is offline
Registered Member
Posts: 2,889
 
Plan: Atkins
Stats: 280/203/200 Male 69 inches
BF:
Progress: 96%
Location: Dallas, TX, USA
Default

I agree, Deb - this particular strain doesn't seem infectious to humans, and unlike Mad Cow, it can be cooked away.

This scare could be good news for US consumers, especially if export markets dry up. (Such markets close more for political reasons rather than for honest health concerns - health "threats" are merely excuses used for political ends.)

That extra chicken, if dumped onto the US market, would tend to depress the prices consumers pay. Competing meats - beef, pork, and vegantroll (http://forum.lowcarber.org/showthre...517#post1816517) - would face pricing pressure as well.

Poultry & meat stocks fell 2% (TSN - Tyson) to 3% (SAFM - Sanderson Farms), reflecting these pressures. These stocks rebounded nicely from Mad Cow, so buying them on this dip might not be a bad idea. Until they figure out how to stop the Atkins juggernaut, an investment in meat companies looks like a most promising place to put some of one's funds.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Sticky Chicken Rainbowgc Main dishes 3 Wed, Jun-29-11 09:54
Induction Recipes (Useful Save it into your PC) q8ty Breakfast Ideas 19 Wed, Jul-07-10 21:20
Fallen and can't get up ? Wendye Countdowns, Buddies & Challenges 1054 Thu, Dec-29-05 05:37


All times are GMT -6. The time now is 20:47.


Copyright © 2000-2020 Active Low-Carber Forums @ forum.lowcarber.org
Powered by: vBulletin, Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.