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Hormel Foods reported second-quarter fiscal 2021 results with foodservice sales up 28% as the industry recovers from the pandemic. Management expects the recovery to accelerate in the second half, and the company is well positioned on inventory and capacity.
Strong foodservice demand for meat products supports livestock and protein demand, though this company-level result has limited direct effect on feed grain prices.
foodbusinessnews.netKeith NunesMay 21, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
