Hormel Foods says achieves $2B in new product sales goal Hormel Foods announced that it has met its ambitious “Go for $2B by 2012” goal by achieving $2B in total sales from new products created since 2000 by the end of FY12.
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Red meat, poultry production forecast raised from November According to the latest WASDE report from the USDA, the forecasts for total red meat and poultry production for both 2013 and 2014 are raised from November. For 2013, small changes are made to Q4 for the major species, based on slaughter data to date. The forecast for 2014 is raised based on higher expected cattle and hog carcass weights and higher cattle slaughter. Cattle prices for 2013 and 2014 are raised from November as demand for fed cattle remains strong. Hog prices for 2013 are lowered as Q4 prices have been slightly weaker-than-expected. The forecast for 2014 is unchanged. Reference Link