"It's my role to report. It's your role to press for reforms"
Snee, head of Hormel Foods, has told investors that the company’s the Jennie-O
Turkey Store business faces significant hurdles due to flock losses from highly
pathogenic avian influenza.
Biosecurity measures implemented since the
last U.S. outbreak in 2015 have meant Hormel lost 25 per cent fewer birds at
company-owned facilities than during the previous event, he said.
Hormel is repopulating impacted turkey farms
and expects supply volume to improve in the fourth quarter, then return to
normal early next year, assuming there are no further outbreaks.
“As supply comes back in line we expect strong
demand in retail and foodservice,” Snee said.