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News Breaks | | | | August 10, 2012 | | 08:42 EDT |  | SAFM, HOGS, SFD, HRL, TSN | Department of Agriculture raises 2012 red meat, poultry production forecast
The United States Department of Agriculture said in its latest WASDE report that the forecast for 2012 total red meat and poultry production is raised from last month but the forecast for 2013 is reduced as higher feed prices are expected to pressure producer returns. Beef production is raised from last month for both 2012 and 2013 due to higher expected placements in feedlots and increased dairy cow slaughter in late 2012 and during 2013. Carcass weights are forecast higher based on recent weight trends, but higher feed prices are expected to temper the increase and carcass weights are expected to be lower in 2013 compared to 2012. Pork production is reduced from last month for both 2012 and 2013. The reduction for 2012 reflects lower slaughter in the third quarter and lighter expected carcass weights through the year. | |
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News For SAFM;HOGS;SFD;HRL;TSN From The Last 14 Days Check below for free stories on SAFM;HOGS;SFD;HRL;TSN the last two weeks. |
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| May 15, 2013 | | 10:13 EDT |  | SFD | On The Fly: Analyst Downgrade Summary
 Subscribe for More Information | | | 06:25 EDT | | SFD | Smithfield Foods downgraded to Hold from Buy at BB&T
BB&T downgraded Smithfield Foods due to valuation. | | | May 14, 2013 | | 07:15 EDT |  | TSN | BMO Capital to host a conference
Subscribe for More Information | | | May 10, 2013 | | 12:11 EDT |  | TSN, HRL, SFD, HOGS, SAFM | U.S. red meat, poultry production seen higher than year ago
Subscribe for More Information | | | May 9, 2013 | | 16:10 EDT |  | HOGS | Zhongpin reports Q1 EPS 28c, one estimate 33c
Subscribe for More Information | | | May 7, 2013 | | 10:00 EDT |  | TSN | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 08:42 EDT |  | TSN | Tyson Foods weakness an overreaction, says BMO Capital
After Tyson Foods reported weaker than expected Q2 results, BMO Capital thinks the miss was caused by a temporary shortfall in beef and pork. The firm believes that the company's earnings power is being underestimated, as it is on track to generate normal margins across each of its segments in FY2014. BMO Capital keeps an Outperform rating on the shares. | | | 06:50 EDT | | TSN | Tyson Foods upgraded to Buy from Hold at Miller Tabak
Subscribe for More Information | | | May 6, 2013 | | 16:39 EDT | | TSN | On The Fly: Closing Wrap
The Wall Street averages were mixed as a light news flow and light volume did little to catalyze a further advance. Still, with its positive close, the S&P 500 managed to set a new all-time closing high. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Bank of America (BAC) and MBIA (MBI) announced a comprehensive settlement to resolve all claims between the two companies. As part of the settlement, Bank of America will pay MBIA $1.6B in cash, receive warrants to purchase a 4.9% equity stake in MBIA and provide a $500M credit facility to the bond insurer. Bank of America also said it would take $1.3B in Q1 charges related to the settlement and that its first quarter earnings would be negatively impacted by 10c per share. Shares of MBIA, which spiked higher near noon after Dow Jones first reported the settlement, closed up $4.46, or 45.37%, to $14.29. Bank of America shares added 64c, or 5.23%, to $12.88... A team of private-equity firms led by Bain Capital and Golden Gate Capital agreed to buy BMC Software (BMC) for $46.25 per share in cash, or $6.9B. BMC shares, which have added more than 14% year-to-date amidst reports of negotiations for the deal, closed unchanged at $45.42. MAJOR MOVERS: Among notable gainers was Arkansas Best (ABFS), up $4.18, or 39.62%, to $14.73 after reaching a tentative labor agreement with the Teamsters union. Also higher was Tesla (TSLA), up $4.95, or 9.07%, to an all-time closing high of $59.50 after Barclays raised its price target on shares to $56 from $38 and the company named Aston Martin's lead vehicle engineer as VP of vehicle engineering. Among the noteworthy losers were LINN Energy (LINE), down $1.97, or 5.21%, to $35.75, and its spin-off LinnCo (LNCO), down $2.59, or 6.2%, to $39.24, following a cautious mention in this weekend's Barron's magazine. Also lower were shares of Tyson Foods (TSN), down 83c, or 3.33%, to $24.10 after its earnings report. INDICES: The Dow was down 5.07, or 0.03%, to 14,968.89; the Nasdaq was up 14.34, or 0.42%, to 3,392.97; and the S&P 500 was up 3.08, or 0.19%, to 1,617.50. | | | 12:53 EDT | | TSN | On The Fly: Midday Wrap
Subscribe for More Information | | | | 11:58 EDT |  | HRL | High option volume stocks: NRGY RENN NSM MMM HRL
Subscribe for More Information | | | 10:00 EDT |  | TSN | Tyson Foods falls 4.9%
Tyson Foods is down 4.9%, or $1.21, to $23.72 | | | 09:52 EDT | | TSN | Tyson Foods trades lower after earnings miss
Subscribe for More Information | | | 09:47 EDT | | TSN | Tyson Foods says poulty demand drop in China is temporary
Subscribe for More Information | | | 09:19 EDT | | TSN | Tyson Foods says Q2 'tougher than anticipated,' predicts strong 2H
Subscribe for More Information | | | 09:18 EDT | | TSN | On The Fly: Pre-market Movers
Subscribe for More Information | | | 09:00 EDT | | TSN | Tyson Foods falls 5.6%
Tyson Foods is down 5.6%, or $1.39, to $23.54 | | | 07:46 EDT | | TSN | Tyson Foods sees FY13 revenue about $34.5B, consensus $34.49B
Subscribe for More Information | | | 07:40 EDT | | TSN | Tyson Foods reports Q2 chicken sales up 0.1% to $3.09B vs. $2.91B last year
Subscribe for More Information | | | 07:34 EDT | | TSN | Tyson Foods reports Q2 adjusted EPS 36c, consensus 45c
Reports Q2 revenue $8.42B, consensus $8.58B. | | |
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