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Pilgrim's Pride Corporation (PPC)
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Great Q1 ... chicken prices holding steady at very very high levels ... expecting another great Q
Chicken soup and egg salad sandwiches all around because soup and sandwiches go together!
With the rise in feed prices over the last year, i've been investing in meat and egg producers CALM SEB and now PPC after JBSAY rescinded their offer of 26.50 to 28.50. PPC felt the 20% not owned by JBS was worth more ... i do too ... Look at the rise in chicken prices since late November ... look at the rise in hog prices since jan ... cattle prices dropped in late February ... but all cattle including calf numbers were ~2% lower in Jan ... so there could be some tightening of supple later this year ... egg prices are on the rise and now some hens have been lost to Avian influenza ... if competing protein supply is lower ... it should be great for producers PPC, CALM, SEB ... TSN chicken division should also do better but they might be bidding more for their beef to process ... that live box beef spread has narrowed lately ... same w/ JBS as they process a lot of beef ... as result have reduced my position in TSN and JBSAY and am piling into the producers ... JMHO ... also PPC has indicated they would like to repurchase some shares ... also was reading about a change in breed by some of the hatcheries that has led to lower hatch rate (not sure if hat is a thing or not)
usda chicken prices looking good ... hopefully back to the $28+ range again soon ... it belongs there IMO ... this might be the Q to give'em a boost back up
Chicken and egg shortage here?
Nearly 17 Million Dead Chickens And Turkeys And Counting – America’s Bird Flu Pandemic Has Begun!
Not many people on this board.Anyway,why is TSN falling when the other chicken stocks are up?
In as much Mr Elon Musk has aided in the current liquidations,it's unavoidable,the market had it coming,time when traders and investors will be able to contain leverage positions. But considering the fact that crypto is the future it's also inevitable that another speculative growth is coming soon.
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Pilgrim's Pride is up 5.09% to 28.09
How about another special dividend.
Russia is stopping fertilizer sales to Argentina. I wonder how that will affect JB and PPC, since JB owns so much PPC stock. Chicken manure provides Nitrogen, Phosphorus and Potassium to soil. With Pilgrim Pride's network of suppliers how much do you think they can cash in on this or do you think it will be offset by higher feed costs?
I think there should be more upside because there is more value here than the price offered and a much bigger value in future. Common shareholders are being unfairly compensated
24 April 2019 - Poultry may very well become the world's most consumed meat in 2019, surpassing pork as African swine fever spreads continues to impact pig herds across China. According to Christine McCracken, senior protein analyst at Rabobank, there could be a historic opportunity for a lasting gain in market share for poultry.
“Hog losses in China due to ASF will trigger big shocks in global protein markets,” McCracken told the International Poultry Council (IPC) at a meeting in New Orleans, Louisiana last week, “and poultry is the meat protein with the most to win ... Poultry consumption will indeed surpass that of pork in 2019, and pork will be unlikely to recoup its leadership position.”
McCracken estimated that pork production losses in 2019 could amount to 14% of the world’s pork supply and may continue to move higher. “Expect imports of all proteins (beef, poultry and seafood) to have limited near-term impact. Prices for all proteins will rise.”
In her view pork market stabilisation may begin in 2021 and a modest rebound of 1-2% in volumes could take place in 2022-2027, though environmental and slaughter constraints are likely to limit the size and speed of expansion.
IPC president Jim Sumner was in agreement: “With China having lost 30% of its herd to ASF and with it producing 50% of the global supply, there is no doubt that poultry is now king of the meat proteins worldwide,” he said. But Dr. Paul Aho, President of Poultry Perspective, believes that poultry’s good fortune might not last long.
Dr. Aho predicted pork production will drop 15% worldwide in 2019 and from there it will increase 5% per year for four years, and then continue increasing at a more modest 2% average per year. Meanwhile, poultry would increase 3% per year for three years (spurred in part by a shortage of pork) before dropping down to an average increase of 2% per year,” he predicted.
“Poultry will surpass pork in production this year and will never relinquish the crown by my reckoning,” he said.
Zach has the #1 strong by rating but a flat 0% ESP. That makes me a little nervous. Several upgrades and good news over the past few months. Can’t decide whether the hold through earnings or not. ￼
PPC and it's primary owners will have to declare a dividend for me to engage holding PPC again. Turmoil in the meat/empoyee, feed, and trucking sectors will soon be forgotten,
"Pilgrim's Pride (PPC) Q4 Earnings Lag, Weak Regions Hurt"
Missed EPS by 3 cents: 9c vs 12c estimates. Not good report.
Wow I was expecting a qtr mil settlement fine at least. Going back into this 200 shares at a time.. hopefully it doesn’t go up too fast now. Mighty fine business
Don’t understand why down. First quarter numbers beat the estimates. Chicken prices on the rise and corn prices down !!
Earnings was a mIss but all things considered is good. Buying more on dips. Day after release CFRA comes out with strong buy and for good reason. Tyson will rise now also because if pilgrims pride can work through the pandemic this well then Tyson will do at least as good.
Buy anywhere in the 15‘s and wait six months. This is a gold mine.
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