Seeking Alpha

Food companies stand in line to see higher commodity costs as a harsh summer drought shows...

Food companies stand in line to see higher commodity costs as a harsh summer drought shows little signs of easing in time to bring down prices. To make matters worse for the group, strapped U.S. consumers are viewed as more likely to trade down to value products before accepting higher food prices on common items. At risk: CAG, KFT, K, TSN, SFD, GIS, HNZ, POST.
Comments (2)
  • More evidence pointing to MUCH lower actual earnings coming up for these multinationals than was originally predicted after Q1.
    2 Jul 2012, 10:45 AM Reply Like
  • Don't forget CMG
    2 Jul 2012, 10:46 AM Reply Like
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