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 +

Soybeans hit 8-month highs as processing… By: 04/15/2014 @ 3:31pm Soybeans jumped to the highest price in more than eight months after an industry report showed the…

Goldman Sachs is Bearish Wheat By: 04/14/2014 @ 10:01am Goldman Sachs (GS) Monday said increases in grains futures from ongoing Ukraine tensions would be…

USDA Report Summary By: 04/09/2014 @ 11:17am The following table is provided as a service to Dow Jones Newswires subscribers in conjunction…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm markets Rally on Weather, Ukraine