Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of chicken-coop champion Pilgrim's Pride
So what: A USDA poultry and egg market update filed last night showed broiler-chicken prices ticking up after about two months of trending down. To make the good news even better, corn prices are falling due to a bountiful harvest. Good thing they don't raise them chickens on drought-damaged peanuts, right?
Now what: Food production is a tough, low-margin business, but Pilgrim's and Tyson Foods
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