Food production slows amid price freeze across U S food sector
The 60 day price freeze on farm and processing costs triggers cutbacks in flour mills, corn processors, dairy and poultry farms, and meat packers. Evens Milling shuts in Indianapolis while Green Giant trims operations. Officials warn food shortages may grow if the rule persists.
MENTIONED IN THIS ARTICLE
Nixon
C. J. Tempas
Green Giant Co
Cost of Living Council
U.S
Evans Milling Co
Indianapolis
Grain shortages hit Sullivan County markets warned by producers
Sullivan County traders warn raw grain shortages will bite by July as Midwest suppliers cut output and some mills run at reduced capacity. Narrowsburg Feed and Grain Co. says price freezes hurt margins while others anticipate steady or rising costs. Local dairy and poultry sectors report minimal immediate impact despite national declines. farmers exit the milk business and production per cow rises.
MENTIONED IN THIS ARTICLE
Andrew Goodrich
Narrowsburg
Sullivan County
Wayne County
H.K. Webster Co
Lawrence
Mass
Blue Seal
Theodore Heins
Carrland
Ferndale
Heins
New York-New Jersey
Middletown Agway mill faces profit squeeze amid price freeze
Clouds hover over feed and grain storage towers at the Middletown Agway mill as reports of a profit squeeze blamed on the price freeze threaten shortages to farmers.
MENTIONED IN THIS ARTICLE
Goodrich
Middletown
Shortages and price pressures hit midwest farm sector
Prices for hogs rose above 41.00 per hundred pounds this week in the midwest while pork producers report normal current production. Oscar Mayer in Madison says no immediate cutbacks. but a future supply squeeze is anticipated within 45 days if hog numbers stay low. Egg producers lose about 4 cents per dozen as feed costs stay high, with Munroe Egg Farm warning of potential reductions in laying flocks. Vegetable canners report squeeze between higher raw crop yields and capped prices, but expect no cut in canned supplies this year.
MENTIONED IN THIS ARTICLE
John A. Presteo
Dow Jones
Ottaway News Service
Chicago
Broiler
Oakley Ray
American Feed Manufacturers Association
Missouri
Green Giant
Alabama
Florida
Iowa
General Foods Corp
Canner
Midwest
Oscar Meyer Company
Madison
Wis
Ken Munroe
Munroe
Plainfield
Ill
Also Mentioned on This Page
National Association of Food Chains
Anderson, Clayton & Co
Houston
Sullivan
Peter Kutschera
Robert Nearing ,Jr
Cochecton Mills
Nearing
Manor Poultry Corp
Howard Gurchik
Green Valley Poultry Co
Hurleyville
Green Valley
Catskill
Mike Carey
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