Market update
· Like the Oregon Duck football team, boneless breast meat has laid an egg! The Labor Day Holiday and mixed demand has not helped the supply chain.
· Still seeing some excess breast meat this week!? The holiday has really messed things up. On top of it, I think some companies are working this Saturday? STUPID!!!!!!!! This should be a time to shorten up on production, but NO! the greed hasn’t changed! This industry needs some discipline, badly!
· Corn still trading at $7.50 and above through September 2012….that is challenging still for the next 12 months. Should definitely be more bankruptcies right around the corner.
· Everything else seems fairly steady, wings are the hot item right now, but also thigh meat seems tight? No upside, but supplies are limited.
