Home / News / Livestock news / Meat giants share high expectations

Meat giants share high expectations

Jeff Caldwell 02/03/2012 @ 11:01am Agricultural content creator and marketer.

Recent reports show the livestock business is in fairly good shape. And now, further proof of the sustainability of that strength comes in reports from 2 giants in the processing and retail sector on Friday.

Smithfield Foods and Tyson Foods are both climbing out of earnings holes from last year, with the former still down 4.7% (per stock share) from a year ago but still having climbed 3.8% recently, according to a report from Dow Jones Newswires.

More important than the companies' resurgence alone, however, is how it's happened. Exports remain strong and analysts say they should throughout 2012. But, more importantly, the companies' earnings -- especially Tyson -- "demonstrated the company's ability to pass on higher commodity costs to customers," according to a Dow Jones Newswires report.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

USDA Trims Soybean Crop, Stocks; Wheat Crop… By: 06/10/2015 @ 11:11am A smaller soybean crop, a slightly corn crop and a larger wheat crop. That's what USDA…

The [A] List: 3 Big Things This Morning… By: 06/02/2015 @ 6:32am Grains trading higher; crop conditions highest we'll see this year?Grain prices were mixed…

Corn Planting Hits 95% Completion -- USDA By: 06/01/2015 @ 4:04pm For all intents and purposes, corn planting is wrapped up for this year. As of Sunday, only 5% of…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Show Bound Part 2-The First Show
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]