Posted in the Pilgrims Pride Corporation Forum
#1 Oct 2, 2010
Does anybody know anything about the clinton,ar pilgrims pride plant?
#3 Oct 3, 2010
The Clinton, Ar. plant is one of the idled Pilgrim's plants that could possibly be reopened. Pilgrim's asked for and was approved for reduced rates on water and electrical if they reopen the Clinton plant. If reopened, the plant would start out deboning only and then slaughtering sometime in the future. There was an article about this in our local county paper a couple of months ago. The city is now waiting to hear from Pilgrim's.
#4 Oct 6, 2010
I read on Ruetuers news service that the outlook for Pilgrim's Pride looks bleak. Pilgrim's Pride is leveraged pretty heavily again and several other factors are facing this company. It has showed up in their stock performace over the past year with their stock falling 18.36% in the past year. Institutional stockholders have began to dump their share of Pilgrim's Pride. Along with the antidumping duties being levied by China on poultry imports, poultry integrators are once again finding their profit margin declining due to the rise in corn prices. Corn prices have increased from $3.50/bushel to $5.50/bushel. That explains the cut in pay per pound being paid to growers. I would not be suprised at more cost cutting at Pilgrim's Pride due to their precarious situation. The summer and spring usually sees the demand for chickens increasing and the demand during the winter holidays have historically been weak. I personally don't think Pilgrim's Pride will re-activate any of the idled plants any time soon given all the negative aspects facing this company. I wish there was another integrator in this area so farmers could get away from Pilgrim's Pride. If I get the chance to raise birds for someone else, I'd leave Pilgrim's Pride in a heartbeat. You can be sure that if Pilgrim's Pride encounters any decrease in their profit margin the growers will be the first to be cut back or cut off, considering the pattern of behavior they have displayed. If I was holding any Pilgrim's Pride stock I'd sure get rid of it while it is worth more than 25 cents.
#5 Feb 22, 2012
old chicken farmer is right, any cut backs be at the expense of the farmer, not the exectuives, executives somehow they will still be rewarded for their bad decisions good ole american cooperation greed
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