These aren't easy times for food companies, as rising input prices push up costs and shoppers rebel against price increases. Hormel Foods (NYSE:HRL)
seems to be holding up better than most, though, as the company's
expense control and increased focus on processed/packaged goods pays
benefits. Hormel looks like one of the best long-term stories in food
right now, but the valuation means that investors shouldn't expect
outsized capital gains from the shares.