Home / Markets / Markets Analysis / Hogs market / Spring pork problems?

Spring pork problems?

05/23/2012 @ 10:46am

Hormel's (HRL) F2Q earnings point to a troubled spring for the pork industry. Profits from processing pork were the only major blemish on HRL's report, part of a hard comedown this year for hog farmers and processors. Just months removed from last year's record-high prices, pork supplies have expanded sharply just as consumers are pushing back against price increases that date to 2011. "We certainly did not expect" negative 2Q pork operating margins, says CFO Jody Feragen during the conference call. (marshall.eckblad@dowjones.com)

Call us at (212) 416-2354 or email kevin.kingsbury@dowjones.com

(END) Dow Jones Newswires

May 23, 2012 10:45 ET (14:45 GMT)

DJ MARKET TALK: Hormel Says Pork Margins Worse Than Expected->copyright

CancelPost Comment
MORE FROM DOW JONES NEWSWIRES more +

USDA: Reporting Hog Deaths Required By: 04/18/2014 @ 10:45am The U.S. Department of Agriculture said Friday it will require the pork industry to report…

Wheat Futures Rise as Cold, Drought Threaten… By: 04/17/2014 @ 3:51pm Wheat futures rose for the third time in four sessions on speculation that cold weather earlier…

Ukraine Upheaval Sparks Business Concerns By: 04/17/2014 @ 1:22pm Escalating military action and sanctions are forcing executives around the globe to map out…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather