May 31, 2018 / 4:33 PM / 5 months ago

BUZZ-Packaged food, meat cos fall on Mexico's retaliation to U.S. tariffs

** Shares of packaged food cos and meat processors fall as Mexico imposed “equivalent” measures on farm and industrial products in response to U.S. steel and aluminum tariffs

** McCormick & Co down 2.5 pct, Kraft Heinz 1.7 pct, Conagra 1.4 pct, Campbell 2.5 pct, Hormel Foods and Kellogg down about 2 pct, General Mills and J M Smucker both off 1.6 pct

** Tyson Foods 2.8 pct lower, Sanderson Farms down 1.2 pct, Pligrim’s Pride fall 3.2 pct

** The Mexican measures target pork legs, apples, grapes and cheeses as well as steel

** U.S. steel stocks rose as President Trump moved ahead with tariffs on aluminum and steel imports from EU, Mexico, Canada

** Wider S&P 500 Packaged Foods & Meats down nearly 2 pct with all 11 constituents in the red (Reporting by Uday Sampath in Bengaluru)

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