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Stock Market & Financial Investment News

News Breaks
May 29, 2014
12:06 EDTSAFMSanderson Farms expects further improvement in 2H14
The company said old soy crop prices remain tight. The USDA has lowered the expected corn carryout in each of its last four reports, which means the company will need good weather this summer to rebuild soy supplies and maintain lower-priced corn. The company adds that construction in Palestine is on schedule and "coming along well." It targets the first calendar quarter of 2015 for operations to begin there. Comments taken from Q2 earnings conference call.
News For SAFM From The Last 14 Days
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March 31, 2015
18:39 EDTSAFMPilgrim's Pride may be ready for a big acquisition, Bloomberg says
Pilgrim’s Pride (PPC), which last year dropped out of the bidding for Hillshire Brands, may look to acquire Sanderson Farms (SAFM), or to buy the Midwestern brands owned by Smithfield Foods, or to purchase Oaktree Capital-owned AdvancePierre Foods, Bloomberg Real M&A speculates. Reference Link
March 25, 2015
11:58 EDTSAFMStephens food/agribusiness analyst holds analyst/industry conference call
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08:57 EDTSAFMJBS S.A. weighing IPO for U.S. unit, Bloomberg reports
The world’s biggest meat producer, JBS S.A. (JBSAY), is mulling plans for an initial public offering of its U.S. unit, according to Bloomberg, citing two people with direct knowledge of the matter. Other publicly traded companies in the meat production space include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link

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