# Foodservice recovery boosts Hormel Foods | 2021-05-21  | Food Business News

> 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.

- Date: 2021-05-21 · published 2021-05-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47221-foodservice-recovery-boosts-hormel-foods-2021-05-21-food-business-news
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Strong foodservice demand for meat products supports livestock and protein demand, though this company-level result has limited direct effect on feed grain prices.

## Read by commodity

- HOGS: neutral
- CHICKEN: neutral

## Sources

- foodbusinessnews.net: https://www.foodbusinessnews.net/articles/18680-foodservice-recovery-boosts-hormel-foods

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.