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Stock Market & Financial Investment News

News Breaks
January 11, 2013
12:12 EDTHRL, HOGS, SAFM, TSN, SFDUSDA raises price forecasts for cattle, chicken but lowers view for pork
In its World Agricultural Supply and Demand Estimates report for January, the USDA said it raised it view for cattle prices for first-quarter of 2013, reflecting current demand conditions for fed cattle. Broiler prices for 2013 were also raised from last month on expected demand strength. However, hog prices for 2013, turkey prices and egg prices were all forecast lower. Additionally, butter and cheese prices for 2013 were lowered based on current price weakness and weaker expected demand, the USDA said. Reference Link
News For TSN;HOGS;SFD;SAFM;HRL From The Last 14 Days
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December 19, 2014
13:43 EDTTSN, HRL, SAFMUSDA says bird flu found in backyard poultry in Oregon
The United States Department of Agriculture’s Animal and Plant Health Inspection Service confirmed the presence of highly pathogenic H5N8 avian influenza in guinea fowl and chickens from a small backyard poultry flock in Winston, Oregon. The H5N8 virus has not been found in commercial poultry anywhere in the United States and there is no immediate public health concern, as the H5N8 virus has been found in birds in other parts of the world and has not caused any human infection to date, the USDA stated. The Fly notes companies that offer or are developing flu vaccines include BioCryst (BCRX) and Novavax (NVAX). Publicly traded meat producers include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link
December 18, 2014
11:55 EDTSAFMSanderson Farms says would consider special dividend
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11:26 EDTSAFMSanderson Farms sees chicken production up 2.5%-3.5% in FY15
Expects to process 3.351B pounds of dressed chicken during FY15. Sees chicken production up 2.5%-3.5% in FY15. Sees FY15 CapEx on construction and maintenance of $116.1M. Sees ample supplies for corn, beans. Says "optimistic" about long-term, says balance sheet "strong." Comments made on the Q4 earnings conference call. Sanderson Farms shares are down 4.27% in late morning trading to $83.68.
06:34 EDTSAFMSanderson Farms reports Q4 EPS $4.04, consensus $4.01
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December 17, 2014
15:18 EDTSAFMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Accenture (ACN), consensus $1.20; ConAgra (CAG), consensus 61c; Rite Aid (RAD), consensus 5c; Sanderson Farms (SAFM), consensus $4.01; Actuant (ATU), consensus 42c.
December 10, 2014
12:06 EDTTSN, HRL, SAFMUSDA lowers 2014 meat production forecast
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09:53 EDTTSNTyson sees capturing over $500M in Hillshire synergies by end year three
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09:49 EDTTSNTyson Foods reiterates temporary halt on China expansion plans
09:44 EDTTSNTyson Foods targeting consistent growth, less volatile earnings
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09:25 EDTTSNTyson Foods lists 'rapid de-leveraging,' acquisitions among cash priorities
Tyson Foods said its priorities for cash include rapid de-leveraging from $1B+ cash flows and $500M+ from sale of Latin American operations; acquisitions to fulfill its growth strategy; and returning cash to shareholders through share repurchases and dividends.
09:19 EDTTSNTyson Foods repeats FY15 adjusted EPS view $3.30-$3.40, consensus $3.41
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December 9, 2014
12:29 EDTTSNTyson Foods volatility at low end of range into investor meeting
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