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Stock Market & Financial Investment News

News Breaks
January 10, 2014
12:04 EDTHRL, SAFM, HOGS, PPC, TSNRed meat, poultry production forecasts lowered from December
According to the latest WASDE report from the USDA, forecasts for total red meat and poultry production for both 2013 and 2014 are lowered from December. For 2013, beef production is raised, but pork, broiler, and turkey production are reduced. The forecast for 2014 is reduced as lower pork and turkey production more than offset an increased beef production forecast. Beef imports are unchanged for 2013, but are raised slightly for 2014. Beef exports are raised for both 2013 and 2014 as the pace of exports over the past several months has been strong. Pork imports and exports for both 2013 and 2014 are unchanged from last month. Reference Link
News For PPC;SAFM;TSN;HOGS;HRL From The Last 14 Days
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April 24, 2015
10:33 EDTSAFMFollow-up: Sanderson Farms downgraded at Cleveland Research
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09:33 EDTSAFMSanderson Farms downgraded to Neutral from Buy at Cleveland Research
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April 22, 2015
07:28 EDTSAFM, PPC, TSN, HRLMexico halts imports of poultry products from Iowa due to bird flu, Reuters says
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April 21, 2015
08:33 EDTTSN, HRL, SAFM, PPCBird flu outbreak spreads to large Iowa chicken farm, WSJ reports
An Iowa farm with about 5.3M chickens in Osceola County is the latest, and largest, chicken flock to be affected by an ongoing outbreak of avian influenza, or bird flu, reported The Wall Street Journal. The addition of this large flock brings the total number of chickens and turkeys affected by avian influenza to nearly 8M, the report noted. Last night, Hormel Foods (HRL) provided additional information regarding the anticipated impact of recent avian influenza outbreaks on its Jennie-O Turkey Store segment, stating that lower turkey supply is expected to impact plant operations and cause reduced sales volumes as the year progresses. Other publicly traded companies in the meat production space include Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link
April 20, 2015
17:02 EDTHRLHormel Foods backs FY15 adjusted EPS view of $2.50-$2.60, consensus $2.60
17:01 EDTHRLHormel Foods discusses impact of recent avian influenza outbreaks
Hormel Foods provided additional information regarding the anticipated impact of recent avian influenza outbreaks on its Jennie-O Turkey Store segment. Highly pathogenic H5N2 avian influenza, or HPAI, has been detected at multiple turkey farms that supply Jennie-O Turkey Store, resulting in the loss of affected flocks and temporary quarantine of farms in the area until a full cleaning process is completed. Lower turkey supply is expected to impact plant operations and cause reduced sales volumes as the year progresses. Jennie-O Turkey Store is managing the occurrences in full cooperation with the USDA Animal and Plant Health Inspection Service and state agency officials, and is collaborating closely with industry associations and other poultry companies in the region to ensure food safety and employee safety. All flocks are tested for influenza prior to processing. No birds diagnosed with HPAI are allowed to enter the food chain.
April 13, 2015
12:04 EDTTSN, SAFM, HRL, PPCUSDA confirms first commercial chicken case of bird flu, Reuters says
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