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Topic: Mad Cow, Big Money
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exiled armadillo
rabble-rouser
Babbler # 6389
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posted 03 August 2004 06:07 PM
quote: EDMONTON (CP) - Meat-packers have nearly tripled their profits since the mad cow crisis hit the country, a report by Alberta's auditor general said Tuesday. Fred Dunn said Cargill, Lakeside and XL Foods were making an average of $79 a head in the 12 months prior to the mad cow scare. But that jumped to $216.52 a head following the discovery of a single case of the disease on an Alberta farm in May 2003. Dunn said the packers didn't benefit unfairly from a $402-million federal- provincial BSE program. Instead, he suggested the 281 per cent increase resulted from supply-and-demand forces at work in a "distorted market" in which cattle supplies significantly exceeded slaughter capacity, while domestic consumers maintained demand. Because supply continued to exceed the capacity of the meat-packing plants and domestic and limited export markets continued to be strong, the operations of the three plants continued to perform "very well."
Wouldn't having a large supply and no expoprt market creating a glut of surplus meat drive the price down?
From: Politicians and diapers should be changed frequently and for the same reason | Registered: Jul 2004
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TemporalHominid
rabble-rouser
Babbler # 6535
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posted 06 August 2004 11:42 AM
The consumer got screwed twice. In Alberta bumper stickers were given out that said quote: I (heart) [Alberta] [Beef]
the campaigne was effective in getting Alberta consumers to support farmers and ranchers by purchasing beaf products, which never came down in price even though supply apparantly exceded demand. We learn that the meat packers tripple their profits. Then we learn that the Tax Payers were on the line for all the $400 million, most of which was paid to multinational companies that are in meat packing. Fuck Klein, his government, fuck Dunn
and fuck this noise [QUOTE] Cargill, Lakeside Packers and XL Foods are making an average of $216.52 a head now, compared to the $79 a head made in the year before a single case of bovine spongiform encephalopathy was discovered in Alberta, the report says.
[ 06 August 2004: Message edited by: TemporalHominid ]
From: Under a bridge, in Foot Muck | Registered: Jul 2004
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