South American meat companies remain calm
The soaring prices for agricultural commodities have caught cold meat producers - with the exception of the large corporations in South America: they come with the highest prices more clearly. That pleases analysts.
'Foods Brasil (BR Foods) is the world's largest chicken producer.
Sao Paulo in early June still expecting the meat companies in the world with a highly profitable year: Finally, in the U.S. should fail, the soybean and corn harvest at record levels. The farmers had planted the largest historic area in the Midwest with corn. The chicken, pork and beef producers were pleased to have low prices for its main precursors. But then it started in the U.S., the strongest drought for almost a half a century. The prices of agricultural commodities exploded.
The food industry caught the bull market in agricultural goods on the wrong foot - especially in the U.S.: they had expected because of the oversupply in their purchase prices on the futures markets less secure than ever.
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