Word: iverson
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...these folks work so many hours? "It's a chance to be part of one of the biggest events in the world," says Kalum Iverson, 33, an oil company account manager from Langley, B.C. He's also driving around dignitaries. "I didn't want to miss out." Iverson remembers waking up in the middle of the night during the 1998 Olympics to watch the hockey games being broadcast from Nagano, Japan. Since then, he has wanted to be part of the Olympics in any capacity. (See the top 10 worst figure-skating costumes...
...Iverson, a hockey nut, did score two free tickets - to a cross-country skiing event held 2½ hours from Vancouver. "Look, I'd give up a lot of my life to be at Canada Hockey Place watching all the games," says Iverson. "But I'm still a part of something. This whole experience makes we want to go to the next Olympics to help...
...fall in prices, no matter the cause, could be devastating for the pork industry and ultimately bad for consumers. According to Dave Ward and Perry Iverson of Commodity and Ingredient Hedging, LLC, a Chicago-based agricultural-risk-management consulting firm, if prices continue to fall over the coming weeks, there will be fewer pork producers next year - and less pork production, consequently. Assuming demand for pork recovers, this will lead to higher prices long-term...
...producers have already suffered tight margins for the past two years, according to Ward and Iverson. The price of feed skyrocketed amid a rally in the prices of agricultural products, up until the recent slump in demand for pork. For example, soybeans recently set their seven-month high in futures trading on the Chicago Board of Trade...
...This year, farmers will likely suffer heavy losses, as the sale price of their hogs does not meet the cost of raising the animals. The recent price fall could be realized as a $10 to $20 per head loss in the next 12 months, predict Ward and Iverson. Pork processors have already lowered their bids for pigs, given the great degree of uncertainty in predicting the demand for pork...