Industry | 2009.11.18
Fitch 2010 U.S. Commodity Food Outlook: Global Demand to Drive Profits; Liquidity Limits Downside
CHICAGO--(BUSINESS WIRE)--In 2010, Fitch Ratings expects potential improvement in global protein demand to drive industry profits and cash flow, given a mixed outlook on costs. Due to the absence of losses associated with high cost corn hedges, protein producers should realize lower average annual grain costs in 2010 even though the price of corn could increase from current levels. Meanwhile, higher live hog and live cattle prices could pressure margins for pork and beef processors; such as Tyso
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