U. S. meat shares drop amid talk of slowing exports

Shares of leading U. S. meat companies fell sharply Oct. 28 amid increasing talk that the global credit crisis is slowing exports of beef, pork and chicken, analysts said. “That news might be starting to trickle through to the people,” Paul Aho, economist for Poultry Perspective, said of slowing meat exports. Exports of beef, pork,

Credit woes wound Pilgrim’s Pride

Pilgrim’s Pride Corp. shares lost as much as 29 per cent on Oct. 6, spurred by new fears over the U. S. chicken producer’s ability to secure credit in a growing financial markets crisis. Pilgrim’s Pride fell far deeper than a broader market sell-off, with the Dow down about six per cent that day on