Tyson Foods Living High on the Hog

This year, Tyson Foods launched a very public "food vs. fuel" campaign against corn and ethanol production.

"There is definitely going to be a public debate, in my mind, over corn for food versus corn for fuel," said Richard Bond, chief executive of meat processor Tyson Foods Inc (Reuters)

Among this doom and gloom attitude was that there wouldn't be enough corn to feed a hungry world and that businesses would suffer.

Suffer indeed! From RTT News:

The Springdale, Arkansas-based Tyson Foods reported a net profit of $111 million or $0.31 per diluted share, compared to a net loss of $52 million or $0.15 per diluted share for the same period last year.


Source: RTT News, Reuters

Profit$: The Green Pork Product!

Smithfield Foods Earnings Rise in Fiscal 4Q
Meat producer Smithfield Foods Inc. said Thursday its fourth-quarter profit rose sharply, as rising pork and beef sales offset the higher cost of grain to feed its hogs.

Profit totaled $37 million, or 33 cents per share, for the quarter ended April 29, compared with $1.1 million, or a penny per share in the same period last year.

Source: YAHOO News