Perdue Farms Inc. agreed to buy Natural Food Holdings and its Niman Ranch brand, a pork supplier for Chipotle Mexican Grill Inc., as part of its goal to expand into organic and antibiotic-free meat.
Buying Applegate will give Hormel a brand that sources meat from about 1,800 family farms and sells a range of products from turkey deli slices and chicken strips to bacon and corn dogs.
To track the changing prices paid by consumers for five staples at the breakfast table— eggs, bacon, cereal, bananas, and coffee—we looked at the components of the Consumer Price Index from April 2014 to March 2015.
Hormel Foods Corp. cut its outlook for sales and profit after an outbreak of African swine fever in China raised pork costs. The shares fell the most since August 2017.
For Chris Smith, whose North Carolina farm is home to 30,000 chickens and 150 acres of sweet potatoes, the fight to survive Hurricane Florence is not yet over.
China has been gobbling up the world’s soybeans at breakneck speed over the past decade. But as the trade spat with the U.S. escalates, its imports of the oilseed are set to decline for the first time in 15 years.
