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January 11, 2014
18:55 EDTTSN, HRLPig virus disrupting U.S. pork market, WSJ says
The porcine epidemic diarrhea virus, or the PED virus, that kills young pigs is disrupting the U.S. pork industry, and will most likely result in higher retail pork prices, says the Wall Street Journal. Reference Link
News For HRL;TSN From The Last 14 Days
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October 9, 2015
12:06 EDTHRL, TSNUSDA increases meat production forecasts for 2015, 2016
In its latest World Agricultural Supply and Demand Estimates report, the USDA increased its forecasts for total meat production in 2015 and 2016. Beef production for 2015 is raised on larger forecast slaughter of fed cattle in the second half of 2015 and heavier carcass weights. The forecast for 2016 is raised as cattle slaughter and carcass weights in the first half are projected higher than last month. The pork production forecasts for both 2015 and 2016 are raised. The pace of hog slaughter in the remainder of 2015 is expected to be higher, the USDA said. Publicly traded companies in the meat production space include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN).
October 1, 2015
07:30 EDTHRLHormel Foods management to meet with Deutsche Bank
Meeting to be held in Kansas City, MO on October 1 hosted by Deutsche Bank.
September 30, 2015
07:44 EDTTSNTyson Foods valuation multiples 'remain compressed,' says JPMorgan
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