BRF - Brasil Foods and Tyson Foods Analytical Research - Meat Product Price Hikes Lead to Mixed Results
November 28 2012 - 8:00AM
Marketwired
For companies in the meat products industry, such as
BRF - Brasil Foods S.A. (NYSE: BRFS) and
Tyson Foods Inc. (NYSE: TSN), the effects of the
summer's intense drought are still being felt. Industry players
have been facing high input costs for feed grains, and hay prices
have also increased almost two-fold as the drought withered
pastures. Industry players have been employing price hikes to
protect their squeezed margins and some have planned production
cuts.
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Despite the challenging environment, Tyson Foods impressed with
its fiscal fourth quarter earnings release last week. The company
reported net income of $185 million, compared to $97 million the
year before, as strong 5.5 percent growth in chicken sales helped
to propel results higher. Alongside price hikes and potential
production cuts Tyson is also looking to expand sales and offerings
of higher-margin packaged meat products. See what our analysts have
to say on Tyson Foods Inc. Follow the Link below
http://www.wallstreetactive.com/TSN28November12.pdf
Elsewhere in the industry, Brasil Foods posted third quarter net
profits of $44 million, 75 percent lower than a year ago.
Nevertheless, the company reportedly expects strong revenue growth
of between 10 and 12 percent in 2013. Brasil Foods also seems to be
moving forward with its plans to become a leading presence in the
Brazilian cheese market, having recently announced the formation of
a 50/50 whey processing joint venture with Group Carbery. Analyst
opinion on BRF - Brasil Foods S.A. accessible for free at
http://www.wallstreetactive.com/BRFS28November12.pdf
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