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Author: LooeeGoldbug Add to my Favorite Fools Ignore this person (you won't see their posts anymore)
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Subject: Corn prices and meat processors
Date: 12/12/2006 12:24 PM
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I just made my first CAPS portfolio and I gave Hormel (HRL) an underperform. But after I make my pick, I see that it is given 5 stars. The price of corn has gone from about $1.65 a bushel to about $3.25 a bushel. Isn't this doubling of price going to hurt HRL's profits? And with all the new ethanol plants being built, is there any reason the price of feed will drop? Farmers invest in those ethanol plants and supply them with corn. There is also the fact that biodiesel is going to be used more. That will also put pressure on the soybean market. How can this not have a negative impact on companies like HRL? Am I the only person that feels this way?

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