Investopedia: Can Hormel's Model Shine With The Drought?
Processed foods may not be healthy for us as consumers, but they
certainly don't do the producers any harm. Whether you look at a five,
10 or 15-year chart, the performance of Hormel (NYSE:HRL) simply blows away the likes of Tyson (NYSE:TSN), Smithfield (NYSE:SFD) or Pilgrim's Pride (NYSE:PPC).
Sure, some of that can be laid at the feet of superior management, but
the reality is that it's much better to be the maker of branded
processed foods than a virtual commodity supplier of fresh or frozen