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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"In the coming months, they meet the higher prices with a vengeance," says analyst Pedro Herrera of HSBC. Especially the chicken fattening in the U.S. are likely to be affected. Because the prices are likely to continue through September vary greatly. Until then, the global stocks fall rapidly, and only then will predict how much of the crop failure in the United States really is.
For the South African producer prices act like a record Bonanza: Who is his harvest still not completely sold, is pleased to now about the high prices. For the most family-pigs and chickens fattening but they are a disaster: They sell their chickens and pigs currently below cost to large processors - the risk they bear almost always alone. The government wants to guarantee them by reason of the impending state of emergency for a few months minimum prices.
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The large South American meat companies on the other hand come with the highest prices for agricultural raw materials more clearly. For example, Brazil's chicken and pork processor their supply chains in recent years have expanded to such an extent that the raw materials account for far less in their cost calculations.
