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Food stocks rally after producer prices report

  • Food stocks are trading higher after a read on producer prices comes in below expectations.
  • A dive into the report shows the foods/feeds category experienced a 0.8% decline in December.
  • Pilgrim's Pride (PPC +4.4%)is leading the sector, boosted by the announcement of a special dividend.
  • Gainers: Kraft Foods Group (KRFT) +2.5%, Sanderson Farms (NASDAQ:SAFM) +2.3%, Amira Nature Foods (NYSE:ANFI) +2.0%, Pinnacle Foods (NYSE:PF) +1.0%, Cal-Maine Foods (NASDAQ:CALM) +1.0%.

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Pilgrim's Pride Corporation