Food production slows as price freeze bites industry
Across the nation food-processing plants slow or close as prices stay frozen below raw-material costs. Farmers respond by cutting output or slaughtering livestock while government actions and embargoes aim to ease costs. Experts warn meat milk and eggs could grow scarce.
MENTIONED IN THIS ARTICLE
John A. Prestbo
Dow Jones-Ottaway News Service
Chicago
Broiler Chicken
Oakley Ray
American Feed Manufacturers Association
Evans Milling Co
Indianapolis
Grain shortages threaten Sullivan market outlook
Grain and feed suppliers in Sullivan County report ingredient shortages and price pressure as national shortages bite. Narrowsburg Feed and Grain Co. predicts relief only by mid July while several mills show reduced output or supply cuts. Prices for corn and soybeans surge, squeezing profit margins amid price freezes on finished feed. Local dairy and poultry sectors report steadier production but note rising costs and long term effects from farm exits.
MENTIONED IN THIS ARTICLE
Andrew Goodrich
Narrowsburg
Goodrich
Sullivan County
Wayne County
HK. Webster Co
Lawrence
Mass
Theodore Heins
Carrland
Ferndale
Heins
New York-New Jersey
Shortages seen in pork and eggs hit during midwest week
Prices for hogs rose above 41.00 per hundred pounds while large pork packers like Oscar Meyer report no near term cuts. A supply squeeze is seen in 45 days if hogs stay lean, hampered by feed costs. egg producers lose about 4 cents per dozen as feed remains costly. Incubator egg cutbacks may reduce laying hens in five months. Vegetable canners face squeeze from higher crops but expect no canned supply reduction.
MENTIONED IN THIS ARTICLE
Missouri
Green Giant
Alabama
Florida
Iowa
General Foods Corp
Midwest
Oscar Meyer Company
Madison
Wis
Ken Munroe
Munroe
Plainfield
Chicago
Also Mentioned on This Page
National Association of Food Chains
Nixon
C. J. Tempas
Green Giant Co
Cost of Living Council
U.S
Anderson, Clayton & Co
Houston
Sullivan
Peter Kutschera
Robert Nearing Jr
Cochecton Mills
Nearing
Manor Poultry Corp
Howard Garchik
Green Valley Poultry Co
Hurleyville
Green Valley
Catskill
Middletown
Mike Carey
Farearey
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