Most U.S. Food Producer Ratings Are Standing Up To Volatile Commodity Prices Dec 11

  • ID: 2043129
  • December 2011
  • Region: United States
  • Standard & Poors
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  • AdvancePierre Foods Inc.
  • Bunge Ltd.
  • Flowers Foods Inc.
  • Kellogg Co.
  • Pilgrim's Pride Corp.
  • Simmons Foods Inc.
  • MORE

Despite rising costs for corn, wheat, soybeans, and other key commodities this year, our ratings on companies across the food chain--including grain originators, commodity meat producers and processors, and packaged food makers--have remained generally stable this year. Beef and pork producers have even experienced some upgrades. A notable exception is the poultry sector, which has experienced multiple downgrades and negative outlook revisions in 2011, primarily because of rising feed costs and weak pricing. The economic outlook for 2012, while still uncertain, isn't too rosy at present, which means that commodity inflation may subside. The potential for a more prolonged economic recovery may bring prices down despite lower supplies, particularly of corn. Oil prices remain volatile and are still straining consumer...

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Research Type: Commentary
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- Archer Daniels Midland Co.
- Campbell Soup Co.
- ConAgra Foods Inc.
- General Mills Inc.
- Kraft Heinz Foods Company
- The Hershey Co.
- Hormel Foods Corp.
- Kellogg Co.
- McCormick & Co. Inc.
- Cargill Inc.
- The Hillshire Brands Co.
- Pilgrim's Pride Corp.
- Tyson Foods Inc.
- Ralcorp Holdings Inc.
- Big Heart Pet Brands
- Bunge Ltd.
- B&G Foods Inc.
- Smithfield Foods Inc.
- Bellisio Foods Inc.
- Ingredion Inc.
- Merisant Co.
- Mondelez International Inc.
- Flowers Foods Inc.
- Pinnacle Foods Group LLC
- AdvancePierre Foods Inc.
- Windsor Quality Food Co. Ltd.
- The J.M. Smucker Co.
- Simmons Foods Inc.
- The Gavilon Group LLC
- Mead Johnson Nutrition Co.
- TreeHouse Foods Inc.
- Shearer's Foods LLC
- Keurig Green Mountain Inc.
- Farley's & Sathers Candy Co. Inc.
- Luxlas Fund Limited Partnership
- MSG Nutritional Ingredients Holding Corp.

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