Content about Meatpacking

February 3, 2013
Tyson shares insight on 2013 protein prices

Higher prices for chicken and beef enabled Tyson Foods to offset reduced volumes during its first quarter and that has the company off to what president and CEO Donnie Smith called a good start to the fiscal year.

Higher prices for chicken and beef enabled Tyson Foods to offset reduced volumes during its first quarter and that has the company off to what president and CEO Donnie Smith called a good start to the fiscal year.

The nation’s largest protein producer said sales increased less than 1% to $8.4 billion from $8.3 billion, but profits grew nearly 11% to $173 million from $156 million and earnings per share increased 14.3% to 48 cents from 42 cents.

January 3, 2013
Hormel Foods stuck on Skippy Peanut Butter

Hormel Foods will acquire the iconic peanut butter brand Skippy from Unilever for approximately $700 million.

AUSTIN, Minn. — Hormel Foods will acquire the iconic peanut butter brand Skippy from Unilever for approximately $700 million.

Hormel, known for its chili, ham and pork products, looks to balance its portfolio with the non-meat protein product. With peanut butter in a $2 billion category with a 74% household penetration, as well as the second most popular sandwich behind ham in the United States, Hormel will be in a good spot to grow its domestic and global brand presence.