Hormel will report Q3 results Thursday, August 27. We have raised our full-year estimate to $1.50 ($1.47) as we believe a more favorable input cost environment should more than offset a weaker-than-expected top line. Our…

JBS reported 2Q26 EBITDA that modestly bested our projection (~$69MM). Outperformance was driven primarily by US Pork and Australia, while US Beef was spot on with our model. Notably, consensus remains comprised largely of IFRS-based…

ADM reported a very strong Q2, albeit modestly below our estimate on a smaller-than-expected MTM benefit. It also raised FY26 EPS guidance to $5.15-$5.60 ($4.15-$4.70), the midpoint of which was essentially in line with our…

Ingredion reported Q2 results that were better than expected, driven primarily by upside in the TH&S segment. Margins were strong and volume growth was robust – the 2-yr growth stack for the segment approximated 10%….

Tyson reported Q3 EPS a nickel ahead of our estimate, while the forward look was reduced by $100M at the midpoint. That reflects a $150M reduction in Beef partially offset by an increase for Prepared…