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Coffee Shop
Smithfield update
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<blockquote data-quote="andybob" data-source="post: 304712" data-attributes="member: 2703"><p>The Brazilian purchases were made in the last financial year,futures buying of feed wheat and corn has been a long term feature of Smithfields low cost feed planning. During a discussion with the chief nutritionist the potential for high international grain prices was discussed, his response was if the cheapest source of carbohydrate was tapioca from Taiwan,then that is what they will buy. The bottom line is, meat is bound to go up in price due to the shortage of feed grains due to the ethanol plants, but it will be the small producer who is yet again squeezed out of business, being unable to compete with the production costs of the multinationals. Wallmart will have to buy from the surviving producers, at their price.</p><p></p><p>Chrisy, yes the London Smithfields market is world famous in the meat world,so I made a point of visiting there when I stayed in England. The company here is named after the town in which it origionated, over the next few years, the Polish company belonging to Smithfields will be the biggest threat to what remains of the British pork industry basedon price, but without the high welfare standards of the British farmer.</p></blockquote><p></p>
[QUOTE="andybob, post: 304712, member: 2703"] The Brazilian purchases were made in the last financial year,futures buying of feed wheat and corn has been a long term feature of Smithfields low cost feed planning. During a discussion with the chief nutritionist the potential for high international grain prices was discussed, his response was if the cheapest source of carbohydrate was tapioca from Taiwan,then that is what they will buy. The bottom line is, meat is bound to go up in price due to the shortage of feed grains due to the ethanol plants, but it will be the small producer who is yet again squeezed out of business, being unable to compete with the production costs of the multinationals. Wallmart will have to buy from the surviving producers, at their price. Chrisy, yes the London Smithfields market is world famous in the meat world,so I made a point of visiting there when I stayed in England. The company here is named after the town in which it origionated, over the next few years, the Polish company belonging to Smithfields will be the biggest threat to what remains of the British pork industry basedon price, but without the high welfare standards of the British farmer. [/QUOTE]
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