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Stock Market & Financial Investment News

News Breaks
November 13, 2012
15:40 EDTSAFMSanderson Farms changes plans for second plant location in North Carolina
Sanderson Farms announced that Nash County, North Carolina, will not be the site for a new poultry processing complex. Sanderson Farms, who made this decision together with the officials of Nash County as a result of various timing issues, had previously announced that sites in Nash County had been selected for the location of a new poultry processing complex subject to various contingencies. The company has also announced that construction of the new complex remains on hold pending improvement in market fundamentals, including the supply and price of corn and other feed grains.
News For SAFM 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 EDTSAFMMexico halts imports of poultry products from Iowa due to bird flu, Reuters says
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April 21, 2015
08:33 EDTSAFMBird 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 13, 2015
12:04 EDTSAFMUSDA confirms first commercial chicken case of bird flu, Reuters says
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