Conagra Foods Stock News

Beef Prices Jump As Omicron Spread Sickens Meat Plant Workers The COVID-19 Omicron variant''s spread among U.S. meatpacker workers is threatening beef output and raising prices, according to Bloomberg . New data from the U.S. Department of Agriculture shows beef output last week dropped 5.3% YoY, and wholesale prices jumped 1.3% on Monday, the most significant increase since August. Rising meat prices have been the Biden administration''s core focus as food inflation is a big concern for working poor Americans. Biden''s polling data is near an all-time low as inflation wipes out wage gains. The administration has blamed the meat industry for price-gouging . Still, it appears they have very little knowledge or are unable to or unwilling to admit problems actually driving inflation in the industry, which is related to labor issues. "The beef market is finding some strength because you''re having trouble with absentee workers," Don Roose, president of U.S. Commodities Inc. in West Des Moines, Iowa, told Bloomberg by phone.

Conagra Brands Inc. ( CAG , Financial), a leading distributor of branded food, operates in an industry that often lacks the attention of the financial media given that it operates in a slow growth env

Q2 EPS Miss on Higher Costs; FY22 Guidance Appears Optimistic, noted Morgan Stanley.

Companies In The News Are: LW, CAG, SCHN, LULU, AMZN.

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"It''s not quite that simple. I don''t think if omicron goes away it immediately solves inflation," Conagra Brands CEO Sean Connolly told CNBC''s Jim Cramer.

CAG earnings call for the period ending December 31, 2021.

"It's not quite that simple. I don't think if omicron goes away it immediately solves inflation," Conagra Brands CEO Sean Connolly told CNBC's Jim Cramer.

Sean Connolly, president and CEO of Conagra Brands, appeared on Thursday's episode of "Mad Money."

Conagra Brands warned of a bigger hit to full-year margins from surging raw material costs and shipping expenses despite prices hikes by the Chef Boyardee pasta maker.

https://www.investing.com/news/stock-market-news/conagra-warns-inflation-will-take-bigger-bite-out-of-margins-2732426

Conagra Brands' (CAG) second-quarter fiscal 2022 results reflect lower earnings due to cost inflation. Management ups organic net sales view but keeps earnings per share guidance intact.

Equity index futures were mixed before the opening bell on Thursday, with the Dow Jones Industrial Average futures (/YM) the only index in the black. Stocks are looking to recover from yesterday’s

Conagra Brands, Inc.'s (CAG) CEO Sean Connolly on Q2 2022 Results - Earnings Call Transcript