1-15 news: Meat company stocks start off 2010 well
Meat producers are enjoying cheaper feed-grain prices and lower supplies, after chewing through expensive grains purchased during the 2008 commodities boom and following yearlong production cuts in chicken and pork, MarketWatch reports.
On Thursday, Tyson was raised to "outperform" from "neutral" at Credit Suisse. "While we clearly missed the bottom on Tyson stock, it is still underowned, underloved and in the early stages of a cyclical rebound in protein processing," analyst Robert Moskow wrote in a note.