As we enter 2026, food manufacturers are facing challenges due to higher costs and slowing consumer spending. This tough outlook follows a difficult 2025 which saw many companies cutting jobs, closing plants, or selling off underperforming brands. The industry is…
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Summary: Hormel Foods experienced higher prices for pork and beef in fiscal year 2025, with turkey supplies limited by the avian flu, according to interim CFO and Controller Paul Kuehneman during a Dec. 4 earnings call. Cost inflation for pork…