>
Tyson Foods Inc., the world’s largest meat processor, warned Monday that rising corn prices could mean U.S. consumers will have to pay more for chicken, beef and pork next year as it ended its fiscal year with a third straight quarterly loss.
The Springdale, Ark.-based company forecast a return to profitability in the new fiscal year, which started Oct. 1, as it gets a grip on costs and focuses on more efficient operations. Its shares rose 4 percent.
“The best thing I can say about fiscal 2006 is, it’s over,” Richard L. Bond, president and chief executive officer, said in a statement.
Bond said the price of corn, which is used as animal feed, is going up because of demand from ethanol plants that are springing up to provide alternative fuel sources to oil.
Please don’t let my beloved bird go the route of oil and gas with ridiculously high mark-ups. It’s been so cheap for all these years. I’ll still pay for it, no matter what it costs. It’s my addiction, after all. But chicken is supposed to be cheap. It’s the food of the people.
Is there nothing sacred anymore? Leave my freakin’ bird alone.
The Lo Zone 
>People may have not taken to the streets over gas prices, but let chicken get to high in price and see what happens.Mass Pandemonium!
LikeLike
>gud lawd!!!! not higher chik'n prices!!! my clogged areteries are gonna bust!!!! ;-P
LikeLike
>ahhhh, life is good today….I GOT MY DSL BACK!!!!! WOO-HOO!!!!
LikeLike
>yayyyyy lance!!!!
LikeLike
>it just ocurred to me, i wonder if tyson foods is using this as a ploy to raise it's prices……i'm sure they probably "own" their own cornfields, meaning they can control the cost factor. just like mcdonalds own their own potato fields for french fries.if tyson isn't owning their own cornfields, how cost efficient are they as the "world largest"?
LikeLike
>I agree totally, we have to stop somewhere. Leave Chicken alone.
LikeLike