AUSTIN, MINN. — Even with significant profit growth during the second quarter, Hormel Foods Corp. acknowledged the impact the ongoing highly pathogenic avian influenza (HPAI) outbreak will have on its parent company Jennie-O Turkey Store as it navigates the rest of 2022.
“Our Jennie-O Turkey Store team is facing an uncertain period ahead,” said James P. Snee, chairman, president and chief executive officer of Hormel Foods. “We are actively managing the impacts from highly pathogenic avian influenza (HPAI) on turkey supply and will take the appropriate actions to protect the health of the turkeys across our supply chain. Similar to what we experienced in 2015, HPAI is expected to have a meaningful impact on industry poultry supplies over the coming months. Beginning in the third quarter, we anticipate large supply gaps in the Jennie-O Turkey Store vertically integrated supply chain, caused by flock losses to date.”