date:Aug 10, 2012
ty in the ease with which they can pass higher costs on to consumers. In the case of a frozen meal product including some corn-fed protein such as chicken, the manufacturer may not easily raise prices without losing long-term market share. In Mr. Lapps view, most food manufacturers facing this dilemma will likely sacrifice margins, and profits will be seriously squeezed, at least in the short term.
Mr. Meyers said the reality of $8-a-bu corn, instead of the $4@4.50-a-bu corn expected at this yea