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Stock Market & Financial Investment News

News Breaks
November 9, 2012
08:50 EDTSFD, HRL, TSN, SAFM, HOGSUSDA raises forecast for 2012 red meat, poultry production, lowers 2013 view
In its monthly World Agricultural Supply & Demand Estimates report for November, the USDA said its forecast for 2012 red meat and poultry production was raised from last month as higher broiler and turkey production more than offsets lower red meat production. The USDA did lower its forecast for 2013 red meat and poultry production from last month, largely reflecting lower beef and pork production, though it sees broiler production up slightly from its prior view. Its view of cattle prices were raised for both 2012 and 2013, reflecting tight supplies of fed cattle, and broiler prices were raised for both 2012 and 2013 as well, with the USDA citing stronger than expected demand. Reference Link
News For SFD;HRL;TSN;SAFM;HOGS From The Last 14 Days
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September 11, 2014
15:04 EDTHRLHormel Foods management to meet with FBN Securities
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12:05 EDTHRL, SAFM, TSNUSDA lowers forecasts for 2014, 2015 meat production
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September 10, 2014
09:05 EDTTSNTyson Foods reinstated with a Buy at Goldman
Target $46.
September 5, 2014
08:02 EDTHRLHormel Foods CEO sees innovation efforts, new markets as growth vehicles
During the annual Barclays Back-to-School Consumer Conference, Jeffrey M. Ettinger, chairman of the board, president and CEO at Hormel Foods, offered insights on the company’s strategies for driving growth, including innovation efforts to deliver products that fit the needs of today’s consumer. Particular areas of interest include growing trends in portable and nutritious foods, multicultural flavors and expansion into global markets. “Our continued focus on innovation has brought creative and convenient value-added food products to consumers,” Ettinger said. “It has also enabled us to keep our broad portfolio of iconic brands fresh and relevant with new flavors, packaging and convenience. In August, Hormel Foods acquired CytoSport Holdings, Inc., the maker of Muscle Milk products. CytoSport’s brands align with the company’s focus on protein, while further diversifying the Hormel Foods portfolio. The acquisition will serve as a growth catalyst for the company’s Specialty Foods segment, and also offers a branded avenue for our company in the fast growing sports nutrition space. Ettinger stated Muscle Milk products will be a key contributor to the company’s growing portfolio of products focused on portable foods and better-for-you trends. In addition to innovation, the company will be focusing on driving sales outside of the United States as Ettinger stated, “We have done a nice job of expanding sales of our SPAM family of products outside the United States, and SKIPPY peanut butter has been a complimentary growth vehicle for our international business.”
September 4, 2014
09:26 EDTTSNTyson Foods backs FY14 EPS ex-items view of at least $2.78 per share
Consensus $2.81. Tyson CFO Dennis Leatherby stated at the Barclays Back-to-School Consumer Conference that he expects the addition of Hillshire to be accretive to earnings in fiscal 2015 and substantially accretive thereafter, adding that he expects at least 10% EPS growth in FY15.
09:24 EDTTSNTyson Foods CEO says moving forward quickly with Hillshire integration
Tyson President and CEO Donnie Smith told investors at the annual Barclays Back-to-School Consumer Conference that the process for combining the company with Hillshire is well underway, stating, "We're moving forward quickly with the integration and finding synergies, and we feel good about our ability to capture $225M in synergies in the first year and $500M by year three." Smith added, "The more we get into it, the better we feel," according to presentation recap provided by the company.

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