Recession resistant foods shine

(01:47) Report

Mar. 13 - Hormel, like the rest of the packaged foods industry, is seeing a boom as cash-strapped consumers try to save money by eating at home.

As the economic downturn hits consumer pocketbooks around the globe, the packaged foods industry is seeing a surge in demand as consumers try to save money by skipping restaurants and eating at home. Ruben Ramirez reports from Austin, Minnesota.

Ruben Ramirez, Reuters, Austin, Minnesota.

SOUNDBITE:
# Jeff Ettinger, CEO, Hormel
# Brian Buhr, Department Head, Applied Economics, University of Minnesota,