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Agriprocessors files for Chapter 11 bankruptcy

o
orthochow Nov 5, 2008 09:05 AM

This was just announced today over the AP wire. You can read it here:
http://ap.google.com/article/ALeqM5h6...

  1. tatamagouche Nov 14, 2008 10:27 AM

    http://enews.earthlink.net/article/na...

    1 Reply
    1. re: tatamagouche
      r
      RicRios Nov 14, 2008 11:10 AM

      LOL!
      The Rubashkins must have by now millions of frequent flyer miles in their slammer VIP accounts.

    2. m
      MartyB Nov 5, 2008 09:12 AM

      Great, now retailers will have another excuse to raise the price on the already high price of kosher meats.

      I think I will become a vegatarian.

      16 Replies
      1. re: MartyB
        c
        craigcep Nov 5, 2008 09:43 AM

        "I think I will become a vegetarian."

        Your wallet, belt and the environment will all thank you, as may some animals.

        That being said, I'm having meat for dinner.

        1. re: craigcep
          m
          MartyB Nov 5, 2008 10:15 AM

          Good thing that Supersol has some excellent prices on chicken & chicken breasts that I took advantage of. I will make more room in my chest freezer and plug in my spare frig that I have in my garage and take a trip on Sunday to Pick N Pay and stock up on rib steaks, my favorite meat, before the price hikes go into effect. Problem is how quickly will retailers jump to raise prices.

          1. re: MartyB
            c
            cheesecake17 Nov 5, 2008 10:59 AM

            I buy the rib steaks from Pic N Pay all the time. I like that they're packed individually or two in a pack- that way they go into the freezer without repacking. Have you ever bought the premarinated ones?

            1. re: cheesecake17
              m
              MartyB Nov 5, 2008 11:23 AM

              No, just their "thick cut" ones. I still have bunch of them in my freezer.

              1. re: MartyB
                c
                cheesecake17 Nov 5, 2008 02:25 PM

                I'll try those next time I go there. I like their pre-formed chicken burgers with spinach.

          2. re: craigcep
            m
            midasgold Nov 5, 2008 03:04 PM

            "Your wallet, belt, and the environment will all thank you."

            The wallet: I can understand (although lots of junk and other types of convenience foods are, pound per pound, much more expensive than raw meat or poultry).

            The belt: I know more than a couple of obese vegetarians. I used to know a young woman who was a vegetarian but feasted on cake, challah, etc. all of the time. (Vegetarian) carbohydrates can cause a belt to tighten much more than meat products (such as a hamburger without the bun).

            The environment: No comment, although I've read that in some ways people eating meat is less taxing on the environment than if the additional resources would be devoted to growing more non-animal crops for people (I suppose this argument is debatable).

            Whatever you eat, ENJOY!

            1. re: midasgold
              k
              Kochav Nov 6, 2008 10:42 AM

              Current research is that "Shifting less than one day per week’s worth of calories from red meat and dairy products to chicken, fish, eggs, or a vegetable-based diet achieves more [greenhouse gas] reduction than buying all locally sourced food." (from http://pubs.acs.org/cgi-bin/abstract....

              )

              On the other hand, the thing I love best about vegetarian Shabbat meals is that I can bake dessert using butter rather than stick margarine. Which I suppose means my chocolate cake or whatnot has a larger carbon footprint. Or maybe not--I'll have to ask my brother (who models such things) about the precise breakdown.

          3. re: MartyB
            m
            momrn Nov 5, 2008 12:49 PM

            It won't be an excuse to raise prices. There may very well not be enough meat around with Rubashkin closed. I hope that the powers that be find a way for Rubashkin to operate with some type of supervision.

            1. re: momrn
              m
              MartyB Nov 5, 2008 03:35 PM

              The problem is that once prices go up they will not come down. Look at what happened recently, food prices went up the "excuse" was that energy costs went up so prices had to rise. Well energy costs have come down quite a bit but has food prices gone down - no.

              This is an excerpt from a Reuters story
              http://www.reuters.com/article/domest...

              ... commodity prices, which reached record highs earlier this year, have plunged. The drop, however, has failed to show up on grocery stores shelves.

              Last week alone, wheat fell to a 16-month low of $5.43 a bushel, soybeans neared a 14-month low of $8.25 a bushel, and corn dropped to $3.71 a bushel, marking its lowest point in almost a year.

              The cost of energy -- used to transport, package and process foods -- is still boosting food prices, even though energy prices have dropped significantly. Oil has slumped from a record high above $147 a barrel on July 11 to about $70.

              1. re: MartyB
                j
                jlawrence01 Nov 6, 2008 01:36 PM

                >>The problem is that once prices go up they will not come down. Look at what happened recently, food prices went up the "excuse" was that energy costs went up so prices had to rise. Well energy costs have come down quite a bit but has food prices gone down - no.<<

                There is generally a three month lag before the lower prices are reflected.

                I can tell you that the large CPG companies like P&G and Kraft are seating right now as they watch their customers switch over to private labels. At some point, the prices will decrease as they try to hold market share,

                1. re: jlawrence01
                  queenscook Nov 6, 2008 05:47 PM

                  Re: I can tell you that the large CPG companies like P&G and Kraft are seating right now as they watch their customers switch over to private labels.

                  What do you mean by "seating"?

                  1. re: queenscook
                    r
                    rockycat Nov 7, 2008 07:14 AM

                    I'm guessing that was a typo and should have read "sweating."

              2. re: momrn
                r
                RicRios Nov 6, 2008 12:25 PM

                What is Rubashkin's competition? Comparable in size?

                1. re: RicRios
                  f
                  ferret Nov 6, 2008 02:35 PM

                  Rubashkin is the largest operator, Alle is a competitor, but smaller in size.

                2. re: momrn
                  sbp Nov 7, 2008 08:52 AM

                  "find a way for Rubashkin to operate with some type of supervision." You mean other than Rabinnical supervision! :)

                  1. re: sbp
                    r
                    RicRios Nov 7, 2008 09:24 AM

                    Knowing the Rubashkin kin, I wouldn't be surprised if momrn meant it literally.

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