Seeking Alpha

Food companies don't mind lower corn prices

  • A sharp drop in corn prices could filter down to help give a little lift to the bottom lines of a number of food companies.
  • Tyson Foods (TSN +0.4%), Pilgrims Pride <<PPC>, and Hormel (HRL +0.6%) are three of the companies that could benefit the most if hedging strategies don't get in the way.
  • Raw material cost could turn lower for cereal makers Kellogg (K -0.1%), General Mills (GIS), and Post Holdings (POST -0.7%).
  • Soda sellers Coca-Cola (KO -0.5%), PepsiCo (PEP -0.3%), and Dr. Pepper Snapple (DPS -0.3%) won't mind the news either.
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Comments (1)
  • Sum02006
    , contributor
    Comments (440) | Send Message
     
    Yum, cheaper corn!
    13 Aug 2013, 11:52 AM Reply Like
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