【出版时间及名称】：2010年1月美国食品行业研究报告
        【作者】：德意志银行
        【文件格式】：PDF
        【页数】：52
        【目录或简介】：
Table of Contents
Monthly highlights ............................................................................ 3
Commodity highlights ...............................................................................................................3
Restaurant highlights ................................................................................................................5
Outlook – Agribiz & protein.............................................................. 7
Archer Daniels Midland: in focus ..............................................................................................8
Tyson Foods: in focus...............................................................................................................9
Sector valuation ......................................................................................................................10
Sector risks .............................................................................................................................10
Outlook – Restaurants..................................................................... 11
2010 outlook: macro data paints a compelling picture…........................................................11
…though trends remain challenging in the near term.............................................................11
Summary of ratings changes from our 2010 outlook report ...................................................12
Price targets and risks.............................................................................................................14
December retail sales show improvement .............................................................................15
Key commodity pricing trends for restaurants ........................................................................16
Key commodity exposures and earnings sensitivities.............................................................18
Chicken............................................................................................. 21
Beef................................................................................................... 26
Pork................................................................................................... 33
Corn .................................................................................................. 39
Soybeans.......................................................................................... 40
Wheat ............................................................................................... 43
Ethanol.............................................................................................. 44