UNITED STATES.
RUSSIA TO BUY 750,000 TONS OF POULTRY IN 2009.
The contracts have been drawn and signed, Russia is going to take 100,000 tons of pork and 750,000 tons of poultry in 2009, from the United States.
There are currently 66.7 million pigs on farms in the USA, since the price has firmed, the number of sows being slaughtered has dropped.
The largest poultry company in the country, is still facing credit problems, while to pork processors look set to be in a position, to trade their way out of the current downturn.
The largest costs for the pig and poultry farmers are feed and fuel, both are now at 5 year lows, signaling that the worse could be over, as long as consumer spending does not drop to much.
The two companies shares trading best this week, were McDonalds and Wal-Mart, both trading in discount cheap food, people will always have to eat and in tough times financially, will shop for the best value.