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Stock Market & Financial Investment News

News Breaks
February 10, 2014
12:08 EDTSAFM, PPC, HRL, TSNRed 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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October 17, 2014
11:14 EDTPPCPilgrim's Pride recovers some lost ground, levels to watch
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09:21 EDTSAFMSanderson Farms weakness a buying opportunity, says Cleveland Research
Cleveland Research recommends taking advantage of weakness in Sanderson Farms due to weaker breast meat prices and raised estimates to reflect lower feed costs and higher wing pricing forecasts. Shares are Buy rated.
09:07 EDTTSN, PPC, SAFMProtein stock pullback on Sanderson comments overdone, says BMO Capital
BMO Capital views yesterday's decline in Sanderson Farms (SAFM), Pilgrim's Pride (PPC) and Tyson Foods (TSN) as an overreaction to Sanderson's comments regarding breast prices falling to year-ago levels for the next four months. BMO notes that breast prices always dip in the fall. Following Sanderson's investor day, BMO said it sees a greater probability of chicken margins remaining at near-record levels in 2015. It keeps an Outperform rating on the stock.
07:39 EDTPPC, TSN, SAFMChicken stock sell-off yesterday overdone, says JPMorgan
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October 16, 2014
15:35 EDTTSN, SAFM, PPCSanderson Farms falls following investor day meeting
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October 13, 2014
11:57 EDTSAFMSanderson Farms to host investor day
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October 8, 2014
17:25 EDTSAFMSanderson Farms files automatic mixed securities shelf
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10:13 EDTSAFMSanderson Farms management to meet with Stephens
Meeting to be held in Boston on October 13 hosted by Stephens.

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