NEWS
Tue Nov 26, 2013 01:45 PM CST

(Dow Jones) -- Hormel Foods Corp.'s fiscal fourth-quarter profit grew 19% as the company benefited from its recent acquisition of Skippy and earnings gains at its turkey and refrigerated-foods units.

The packaged-foods company, whose brands include Spam and Dinty Moore stew, said it should get a boost from lower animal-feed costs in 2014 as it projected earnings for the full year in line with analyst expectations.

Hormel shares recently were up 5.5% at $44.77 and have surged 43% this year.

The Austin, Minn., company has posted improving revenue for more than three years as consumers choose to eat at home ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
ABC Asks Judge to Toss LFTB Lawsuit
Farmers, Ranchers Won't Fight Rule
FDA Targets Antibiotics in Meat
The Market's Fine Print
Groups Sue Over Horse Slaughter