Tyson exec says the 'pink slime' debate has been bad for bidness - Gee, ya think?

[NNN0LHI]

http://www.google.com/hostednews/ap/article/ALeqM5hls3hlIatghNgW4D8MO-eSJFGcsg?docId=44b1d94155774c67817f5b97c484594c

Tyson says 'pink slime' worry may cut beef supply

By The Associated Press – 14 minutes ago

Tyson Foods Inc. executives say the negative publicity over the filler known as "pink slime" has hurt demand and will reduce beef supply in the long term.

A number of consumers, schools and grocers announced in recent weeks that they are shunning products that contain the common, low-cost filler, known in the meat industry as "lean, finely textured beef."

"The ground beef issue caught a lot of publicity and put ... a fair amount of pressure on ground beef consumption," James Lochner, chief operating officer of Tyson told investors at a conference Tuesday.

Tyson's top executives said they expect demand to recover quickly, but the market will have to adjust. They estimate there will be a 2 percent to 3 percent reduction in supply. Shrinking supplies traditionally drive up costs for consumers.

[seeviewonder]

1. That poor, poor CEO...n/t

[Curmudgeoness]

2. Maybe if they were honest from the beginning

instead of always sliding this sort of thing in on us, they wouldn't have this nightmare today. What really pisses me off, and I am sure most of us, is that we were deceived. Things like this always make me wonder what else they are hiding. No trust.

[DisgustipatedinCA]

3. So ground beef is going to become more expensive?

That should make things easier. When I see ground beef in the store now, I think of pink slime. When I see it with a higher price tag, it will make it really easy not to buy ground beef. No thank you.

[customerserviceguy]

4. I wonder where the slime is going to go?

My guess: Pet food.

[HopeHoops]

5. Tyson IS pink slime.