Good article at HOGS board. Will 2013 be good for Pork Sales
States that a bacon shortage is expected due to hogs sold due to high feed prices. FEED should be able to sell their hogs. FEED just may have the upper hand with Hormel due to the shortage. Will Hormel buy the co?
Unfortunately, it appears any hands that have been around FEED have all been sticking them in the cookie jar. Maybe feed and hormel will come to some agreement, but it won't be of any benefit to shareholders I'm afraid. It will most likely just be a breakeven contract amounting to nothing.
It's getting to look more and more like feed is run by politician types, all for them and nothing for shareholders.
Grab, grab, grab.
After a year and half, they now have to go back and restate '07 too. There goes another $4-5M in investigation and auditing fees. Great job.
Come on people, I need some lovin' today. Otherwise I might just go off.