JBS S.A. ADROTCQX
Fri, Oct. 7, 12:26 PM
- Tyson Foods (NYSE:TSN) is now down 10.2% on concerns raised by Pivotal Research about a class action lawsuit that alleges major collusion among producers. The investment firm thinks the legal action will shine a big regulatory spotlight on the sector.
- Tyson has gone on record to dispute the "speculative conclusions" raised in the Pivotal Research report, but clearly the genie is out of the bottle.
- Sanderson Farms (SFM -1.6%) and Pilgrim's Pride (PPC -4.7%) also sharply lower in midday action. Hormel (HRL -0.6%) and JBS (OTCQX:JBSAY -1%), which were not named in the class action lawsuit, trade roughly in-line with broad market averages.
- Previously: Tyson Foods -6% after stinging downgrade from Pivotal Research (Oct. 7)
Mon, Jun. 6, 10:04 AM
- BMO Capital takes a dimmer view on the upside for meat producers after factoring in the strong rally in the sector which has pushed up valuation levels.
- Tyson Foods (TSN -3.4%) and Pilgrim's Pride (PPC -3%) are both moved by BMO to Market Perform from Outperform.
- BMO set a price target of $69 on TSN and PPC caught a $27 PT.
- It's a weak day across the sector with Sanderson Farms (SAFM -1.9%), Hormel (HRL -0.7%) and JBS (OTCQX:JBSAY -2.3%) ADRs all lower.
- Related sector news: Plant-based hamburger startup creates some interesting sizzle (June 4)
Dec. 3, 2015, 12:45 PM
- Sanderson Farms (NASDAQ:SAFM) is up 8% after catching a two-notch upgrade from CLSA to Outperform.
- Pilgrims Pride (NASDAQ:PPC) stays in an uptrend with a 4.8% swing higher, while global player JBS (OTCQX:JBSAY) is up 5.5%.
- Tyson Foods (NYSE:TSN) is 1.70% higher and reached an all-time best of $51.83 earlier.
- Hormel (NYSE:HRL) also set an all-time high by jumping to $77.00.
- Better-than-expected pricing in the wake of industry consolidation has helped the meat sector this year.
Oct. 27, 2015, 7:54 AM
- The North American Meat Institute says the classification by IARC of red meat as a cancer hazard defies commons sense and ignores other studies showing that there is no correlation between red meat and cancer.
- The group notes the many different types of activities which have linked by the IARC to cancer.
- "IARC says you can enjoy your yoga class, but don’t breathe air (Class I carcinogen), sit near a sun-filled window (Class I), apply aloe vera (Class 2B) if you get a sunburn, drink wine or coffee (Class I and Class 2B), or eat grilled food (Class 2A). And if you are a hairdresser or do shiftwork (both Class 2A), you should seek a new career."
- Meat stocks took a turn lower yesterday after the cancer story broke.
- Previously: WHO to reveal red meat cancer risk (Oct. 26 2015)
- Previously: Cancer report and downgrade weigh on meat sector (Oct. 26 2015)
- Related stocks: HRL, TSN, SAFM, KHC, OTCQX:JBSAY, SYY.
Oct. 26, 2015, 2:17 AM
- The global meat industry is up in arms about the prospect of its products being declared carcinogenic by the cancer research arm of the World Health Organization.
- The International Agency for Research on Cancer is due to issue a report on Monday that is expected to rule that processed meat such as bacon and sausages is a carcinogen, while red meat is probably carcinogenic.
- "Red and processed meat are among 940 substances reviewed by IARC found to pose some level of theoretical 'hazard'," said Barry Carpenter, President of the North American Meat Institute. "Only one substance, a chemical in yoga pants, has been declared by IARC not to cause cancer."
- Related tickers: CAG, COST, HRL, OTCQX:JBSAY, KHC, SYY, TSN
Aug. 12, 2015, 2:31 PM| Aug. 12, 2015, 2:31 PM | 1 Comment
May 4, 2015, 7:53 AM
- A state of emergency has been declared in Iowa to deal with an escalating outbreak of avian bird flu.
- The number of affected birds in the state is estimated to be as high as 16M in a development that affects the egg, chicken, and turkey industries in the region.
- Scientists think the virus could taper off when temperatures in the Midwest move higher.
- Related stocks: TSN, PPC, HRL, SAFM, CALM, OTCQX:JBSAY, BRFS.
Mar. 25, 2015, 9:01 AM
Mar. 16, 2015, 4:20 AM
- Looking to contain a virulent strain of avian flu, U.S. authorities are weighing tougher restrictions in Arkansas in a bid to minimize international trade disruptions and contain the virus in the heart of America's poultry region.
- The H5N2 flu discovered last week is the state's first case of a strain that causes massive internal hemorrhaging in poultry, can kill nearly every bird in an infected flock within 48 hours, and is prone to mutate.
- Previously: Avian bird flu in U.S. seen impacting chicken prices (Mar. 15 2015)
- Related tickers: TSN, SFM, BRFS, PPC, HRL, OTCQX:JBSAY, BWLD, PLKI
Mar. 15, 2015, 9:03 PM
- Confirmation by the USDA of the H5N2 avian flu in a backyard chicken flock in Kansas is seen by industry insiders as a potential tipping point in prompting expanded export restrictions.
- The H5N2 strain was detected in commercial flocks in Missouri and Arkansas last week
- Reports of the avian flu have filtered up and down the major U.S. migratory bird route (Montana to Texas) - including detection of the H5N2 strain in commercial flocks in Missouri and Arkansas.
- Though major chicken producers have reported their flocks are unaffected by the H5N2 flu, the cut in exports could pressure domestic prices with supply higher.
- The developments in the chicken market could impact wholesale costs for Buffalo Wild Wings (NASDAQ:BWLD) and Popeye's Louisiana Kitchen (NASDAQ:PLKI).
- USDA statement on the avian influenza outbreak (.pdf)
- On watch: Tyson Foods (NYSE:TSN), Sanderson Farms (NASDAQ:SFM), Pilgrim's Pride (NASDAQ:PPC), Hormel Foods (NYSE:HRL), JBS (OTCQX:JBSAY).
Mar. 11, 2015, 11:40 AM
- An unconfirmed case of avian bird flu in Arkansas is creating some anxiety in the poultry industry.
- USDA testing is underway on the case.
- Poultry exports to certain nations could be limited if the development worsens.
- The chicken sector has also been hit recently with concerns on the use of certain antibiotics.
- Decliners: Tyson Foods (TSN -5%), Hormel Foods (HRL -1%), Sanderson Farms (SAFM -5.4%), JBS (OTCQX:JBSAY -1.8%), BRF (BRFS -1.7%), and Pilgrim's Pride (PPC -7.2%)
- Previously: Chicken stocks hit by antibiotic concerns
Mar. 4, 2015, 7:21 AM
Mar. 2, 2015, 7:11 AM
Jan. 5, 2015, 11:17 AM
- Irish beef producers have been given the green light to export to the U.S. if certain criteria are met.
- EU nations have not been prohibited from exporting to the U.S. since 1998 under the tight restrictions from the USDA.
- A broader expansion of U.S. beef imports could bring some relief to prices.
- Related stocks: TSN, LUK, OTCQX:JBSAY, WEN, MCD, CMG, TXRH, BLMN, RUTH.
Jan. 2, 2015, 2:43 PM
- The beef industry is up in arms about a panel recommendation to the Agriculture Department on adding environmental issues to diet recommendations and guidelines.
- The initiative follows up on research from the National Academy of Sciences which concluded raising beef is more harmful to the environment than other meats such as pork or chicken.
- The National Cattlemen's Beef Association is pushing back over the recommendation and Congress could also get involved.
- The major beef U.S. beef suppliers are Tyson Foods (NYSE:TSN), Cargill Meat, National Beef Packaging Company (NYSE:LUK), and JBS (OTCQX:JBSAY).
- Related ETF: COW.
Sep. 4, 2014, 1:10 PM
- JBS S.A. (OTCQX:JBSAY) is close to finalizing a date for the IPO of its JBS Foods business in Brazil, according to Reuters.
- The offering is expected to raise as much as $1.8B after being delayed from a June launch.
- The company will time the public debut of JBS Foods carefully around the presidential election voting rounds in October during which some extra volatility in the market is anticipated.