Monday, March 17, 2008

Kraft, Sara Lee face rising beef and pork prices

"Kraft and Sara Lee are in trouble because, at the end of the day, they are going to have to pay more for meat," says Ann Gilpin, a Morningstar Inc. analyst in Chicago who follows meat processors. "The ability to pass on the higher cost is limited in a very competitive industry, as consumers are increasingly sensitive to the price of food."

Chicago Business

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