LONDON, January 23, 2013 /PRNewswire/ --
Companies in the meat products industry, such as Tyson Foods Inc. (NYSE:TSN) and Smithfield Foods Inc. (NYSE:SFD) closed out 2012 on a high note, as sales and earnings were solid on strong domestic and international sales. StockCall researchers have finalized the technical analysis on these two companies. Register now for free and download these reports at http://www.stockcall.com/research
Global demand in 2013 is expected to be robust. However, a recent rise in feed costs could eat into companies' margins. Corn prices recently jumped, following a report from the U.S. Department of Agricultural regarding inventories. The report stated that inventories as of the beginning of December were 17% lower than last year. The decline was in part due to increased demand for corn as livestock feed, as well as a lower yield due to the crippling drought last year.
While input costs may rise this year, companies in the industry are well positioned to increase prices alongside rising feed costs, as global demand continues to climb. With the middle-class populations of Brazil, India and China all growing rapidly, demand for a protein rich diet is also increasing, which bodes well for the industry moving forward.
Tyson Foods Inc. will be releasing its earnings on February 01st before the opening bell. In its last reported quarter, the company projected that sales for fiscal 2013 would be up to close to $35 billion as a result of price inclination which in turn would be caused by a projected slump in domestic availability of protein and a surge in raw material cost. To access of free technical analysis report on Tyson foods, sign up now at http://www.StockCall.com/TSN012313.pdf
Conversely, Smithfield Foods Inc. [Free Technical Report on SFD] projected improvement in its packaged meat margins for the upcoming quarter on the back of product mix and bringing more focus on its core brands. It also anticipates seeing pork demand in the U.S. climb in fiscal 2013 due to elevated pork prices and a decrease in pork production worldwide.
- Smithfield Foods Inc. Technical Analysis [ http://www.StockCall.com/SmithfieldFoodsInc012313.pdf ]
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here