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Stock Market & Financial Investment News

News Breaks
February 10, 2014
12:08 EDTPPC, TSN, SAFM, HRLRed meat, poultry production forecast for 2014 lowered
According to the latest WASDE report from the USDA, the 2014 forecast of total red meat and poultry production is lowered from last month as higher beef production is more than offset by lower pork, broiler, and turkey production. For beef, relatively large cattle placements in Q4 are expected to carry through into the first half of 2014, which will result in higher slaughter in 2014. Cow slaughter is also expected to remain relatively strong during the first half of 2014 with favorable cull cow prices. Pork production is lowered as reports indicate that Porcine Epidemic Diarrhea virus continues to spread. Beef import and export forecasts for 2014 are unchanged from last month. Pork exports are lowered as tight supplies and high prices reduce competitiveness. Publicly traded companies in the space include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link
News For SAFM;PPC;HRL;TSN From The Last 14 Days
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July 29, 2015
17:03 EDTPPCPilgrim's Pride announces new $150M share repurchase program
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17:02 EDTPPCPilgrim's Pride reports Q2 EPS 94c, consensus 89c
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July 27, 2015
07:58 EDTHRLHormel Foods reinstated with a Neutral at Credit Suisse
Target $61.

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