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Hormel sells whole-turkey business to another Minnesota company, but Jennie-O remains
Hormel Foods is selling its whole-bird turkey business to Willmar-based Life-Science Innovations, a move aimed at reducing exposure to volatile, commodity-driven businesses. While Hormel will retain the Jennie-O brand and continue to sell ground turkey, the sale includes a production facility and feed mill. This strategic decision comes as the turkey industry faces declining consumer demand and fluctuating commodity prices.