date:Nov 14, 2012
High coss of feed (blamed on drought in the United States) forchicken and swine cut into third quarter profits at SoPaulo-based Brasil Foods S,A., Brazil's largest maker of TV
dinners and frozen pizza, confounding analysts' estimates.
The company raised prices on hot dogs and hamburger patties inthe quarter, but that wasnt enough to offset an increase ingrain costs, said Ricardo Boiati, an analyst with Banco BradescoSA in a Nov. 1 note to clients. He rated the stock equivalent tobuy, which mea