Food producers slide as cattle shortages pressure margins and prompt outlook cuts
Stocks including KHC, LW, DAR, MZTI and PPC fell in the afternoon session after U.S. cattle shortages and volatile livestock prices squeezed operating margins and triggered outlook cuts across the food production industry.
What Happened? A number of stocks fell in the afternoon session after national cattle shortages and volatile livestock prices squeezed operating margins and prompted outlook cuts across the food production industry.
The historic U.S. cattle shortage, which has pushed herd sizes to a 75-year low fol…