Hi, Morgy!
I just found this article, and can't help but think that this is good news for IECS:
>>Hogs Surge as Supermarket Promotions Boost U.S. Pork Demand
Chicago, Oct. 13 (Bloomberg) -- Hog futures surged almost 3 percent amid robust domestic demand for pork.
U.S. supermarkets are taking advantage of record pork production and low prices to offer discounts on the meat, boosting consumer demand. Expectations of strengthening pork demand boosted hog futures 11 percent in the past week, though prices still are 31 percent lower than a year ago because of a surplus of market-ready animals.
''Of all our meats, demand for pork has increased the most, mainly because of all the advertisements and promotions,'' said Jeff Roose, head of Midwest meat and seafood operations for Whole Foods Market Inc., an 85-store supermarket chain.
The price of a lean hog carcass for December settlement rose as much as 1.175 cents, or 2.8 percent, to 42.9 cent a pound on the Chicago Mercantile Exchange.
Elsewhere, cattle for December delivery recently was little changed at 65.675 cents a pound, up 0.35 cent on the CME.
12:50:08 10/13/1998<<
Looks like this increased demand might go away as quick as it came, but if Americans develop a pork habit, IECS' end product is worth that much more.
Just another tidbit while we wait...
Cheers!
Rick |
