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Stock Market & Financial Investment News

News Breaks
November 9, 2012
08:50 EDTHOGS, HRL, SAFM, SFD, TSNUSDA 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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April 13, 2015
12:04 EDTHRL, SAFM, TSNUSDA confirms first commercial chicken case of bird flu, Reuters says
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April 6, 2015
10:02 EDTSAFMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Sell from Hold at Deutsche Bank... CONSOL (CNX) downgraded to Hold from Buy at Deutsche Bank... Catamaran (CTRX) downgraded to Market Perform from Outperform at BMO Capital... Comerica (CMA) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Market Perform from Outperform at FBR Capital... Magnum Hunter (MHR) downgraded to Hold from Buy at Wunderlich... Qualcomm (QCOM) downgraded to Market Perform from Outperform at FBR Capital... Regions Financial (RF) downgraded to Neutral from Buy at Guggenheim... SAP (SAP) downgraded at Wells Fargo... Sanderson Farms (SAFM) downgraded to Underweight from Sector Weight at KeyBanc... Scorpio Tankers (STNG) downgraded to Neutral from Accumulate at Global Hunter... Simpson Manufacturing (SSD) downgraded to Neutral from Buy at DA Davidson... Skyworks (SWKS) downgraded at Stephens... TripAdvisor (TRIP) downgraded to Hold from Buy at Needham... Western Union (WU) downgraded to Neutral from Positive at Susquehanna... Zillow Group (Z) downgraded to Equal Weight from Overweight at Barclays.
06:48 EDTSAFMSanderson Farms downgraded to Underweight from Sector Weight at KeyBanc
KeyBanc downgraded Sanderson Farms to Underweight with a $65 price target due to oversupply concerns. The firm lowered estimates to reflect industry chicken oversupply trends and weakening chicken prices and said valuation is at a premium.

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