Beef prices are crazy….
Check it out;
Tyson Foods Inc, the largest U.S. meat processor, on Monday forecast 2015 profit that could top Wall Street’s view due to record beef prices, lower feed costs and its recent purchase of sausage seller Hillshire Brands.
Shares of Tyson, which also reported better-than-expected profit for the latest quarter, were up more than 5 percent at midday.
Tight supplies sent average beef prices up 21.5 percent in the latest quarter, while pork was up 16.5 percent,Tyson said.