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What: Shares of poultry processor Pilgrim's Pride
So what: Hampered by rising costs on chicken feed, Pilgrim's Pride missed analyst targets in the first quarter. If that weren't bad enough, about 100 of its 16,400 chicken houses need repairs after the heavy storms across the South this week.
Now what: To get back on track, the company hopes to raise prices and also cut costs. This pratfall is a harbinger of bad news from rivals Tyson Foods
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Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insightsmakes us better investors. The Motley Fool is investors writing for investors.