Some of the names on the move ahead of the open.» Read More
Meat producer Smithfield Foods Thursday reported higher quarterly earnings, as higher pork and beef sales, offset higher grain costs.
Prices for U.S. cattle and hogs plus shares of top U.S. meat companies sped lower on Thursday, amid worries that turmoil in the U.S. credit markets could snowball and hurt meat sales both here and overseas, economists said.
Salvaged pet food contaminated with an industrial chemical was sent to hog farms in as many as six states, federal health officials said Tuesday. It was not immediately clear if any hogs that ate the tainted feed then entered the food supply for humans.
Investors are always on the lookout for a great name to add to their portfolio. But instead of buying stocks when they’re at the top, George Shipp of the BB&T Special Opportunities Fund keeps a special eye out for those “hidden gems” – those stocks that don’t fall into the tech, growth or value stock pigeonholes.
Alex Vallecillo is co-manager of the Allegiant Mid Cap Value Fund and on "Morning Call" he gave his picks for our "Hidden Gems" segment (he's a five-star fund manager). Vallecillo listed these stocks as his picks and the reasons why he likes them (two of them are exclusives for cnbc.com readers).
Top U.S. hog and pork producer. Smithfield Foods Inc. reported lower-than-expected quarterly earnings on Thursday due to a weak market for fresh meat, and shares fell sharply as a result.The Smithfield, Virginia-based company, which also is amajor beef producer and a partner in a large turkey operation,warned of higher meat prices ahead if prices for corn, animportant feed, keep increasing.