# Hormel Foods cuts sales outlook as tariffs, meat glut bruise earnings | Food Dive

> Hormel Foods reported third-quarter sales up 7% to a record $2.4 billion, but organic sales were flat. The company cut its full-year sales outlook to $9.4-9.6 billion, citing retaliatory tariffs and excess pork, chicken and beef supply.

- Date: 2018-08-23 · published 2018-08-23T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/63685-hormel-foods-cuts-sales-outlook-as-tariffs-meat-glut-bruise-earnings-food-dive
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Retaliatory tariffs and excess meat supply signal weaker US meat demand and lower livestock margins, which point to softer hog, cattle and chicken prices and reduced feed demand.

## Read by commodity

- HOGS: bearish ▼
- CHICKEN: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-07-30 | [Tyson says tariffs and meat glut are eating into its profit](https://feedsoft.ai/events/64185-tyson-says-tariffs-and-meat-glut-are-eating-into-its-profit.md) | -7.3% | -22.7% |
| HOGS | 2025-04-04 | [CME cattle, hogs dive by daily limits as China tariffs fuel sell-offs](https://feedsoft.ai/events/25256-cme-cattle-hogs-dive-by-daily-limits-as-china-tariffs-fuel-sell-offs.md) | -1.3% | +3.9% |
| HOGS | 2018-07-30 | [Tyson Foods blames drop in profits on tariff disputes - al.com](https://feedsoft.ai/events/64189-tyson-foods-blames-drop-in-profits-on-tariff-disputes-al-com.md) | -7.3% | -22.7% |
| HOGS | 2018-07-09 | [As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets](https://feedsoft.ai/events/63898-as-tariffs-bite-china-cancels-u-s-soy-deals-and-hunt-is-on-for-new-export.md) | -1.8% | -22.3% |
| HOGS | 2025-11-04 | [Hog prices slip as China eases tariffs on US pork - CME
						 \| The Pig Site](https://feedsoft.ai/events/22095-hog-prices-slip-as-china-eases-tariffs-on-us-pork-cme-the-pig-site.md) | +0.4% | -4.4% |
| LCATTLE | 2018-07-30 | [Tyson says tariffs and meat glut are eating into its profit](https://feedsoft.ai/events/64185-tyson-says-tariffs-and-meat-glut-are-eating-into-its-profit.md) | +0.5% | -2.3% |
| LCATTLE | 2025-04-04 | [CME cattle, hogs dive by daily limits as China tariffs fuel sell-offs](https://feedsoft.ai/events/25256-cme-cattle-hogs-dive-by-daily-limits-as-china-tariffs-fuel-sell-offs.md) | -2.0% | +1.7% |
| LCATTLE | 2025-11-21 | [U.S. livestock: Cattle futures dip as Brazilian beef tariffs lifted - Grainews](https://feedsoft.ai/events/5449-u-s-livestock-cattle-futures-dip-as-brazilian-beef-tariffs-lifted-grainews.md) | -1.5% | +4.3% |

## Sources

- fooddive.com: https://www.fooddive.com/news/hormel-foods-cuts-sales-outlook-as-tariffs-meat-glut-bruise-earnings/530789/

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