GM corn hoax hits Mexico Alfalfa acreage increase predicted US cotton producers share latest crop findings Pitting farmers against farmers is just one of the negative consequences of U.S. policy that mandates that gasoline be blended with ...
Tags: Agriculture, Food, GM corn, cotton
US-based pork producer and processor Smithfield Foods has reported a 62.6% decline in net earnings to $29.7m for the fourth quarter of 2013, compared with $79.5m for the same period a year ago due to rise in feed costs and decline in hog ...
Tags: Smithfield Foods, Net Income
US-based Tyson Foods has reported that its net income decreased by 42.77% to $95m for the second quarter of 2013, compared with $166m for the same quarter in 2012 due to higher feed costs even as shoppers and restaurants preferred cheaper ...
Tags: Tyson Foods, Net Income
The 700 dairy producers in Tesco’s Sustainable Dairy Group (TSDG) are to receive an extra 1.9p/litre from April 1 2013. Tesco is lifting its supplier milk price to reflect higher feed costs and lower milk output The new price of ...
Tags: milk price, milk, dairy producers
The 2 Sisters Food Group expects the horsemeat scandal to cause "considerable volume reduction" to its ready meals business, according to its latest financial results for the 13 weeks to January 26. 2 Sisters said the horsemeat crisis ...
Tags: Horsemeat, Food Group, Food
US dairy firm Land O'Lakes has booked an increase in full-year profit, boosted by initiatives to build its value-added, branded business. In the 12 month period, net earnings totalled US$241m, a 31% increase on the prior year period. ...
Tags: dairy firm, Land O'Lakes, ull-year profit
US poultry group Sanderson Farms has indicated its first-quarter margins remained under continued pressure from high feed costs despite rising poultry market prices. The company said today (21 January) that net sales for the three months ...
Tags: Sanderson Farms, irst-quarter margins, high feed costs
US poultry producer Pilgrim's Pride moved to a profit in 2012 and claimed its "best results in recent years". The company made a profit of US$174m in the 12 months to the end of December. This compares to a net loss of $495.7m last year. ...
Tags: poultry producer, Pilgrim's Pride, profit
Zacky Farms, the US-based poultry company that filed for bankruptcy last year, has announced that it will be selling its assets to The Robert D Zacky and Lillian D Zacky Family Trust, a move which will protect nearly 1,000 jobs. The trust ...
Tags: Zacky Farms, poultry company, Lillian D Zacky Family Trust
American agribusiness company Cargill has announced that it will idle its beef processing facility in Plainview, Texas, on 1 February 2013, and lay off 2000 workers. The company has blamed reduced cattle supply resulting from years of ...
Tags: Cargill, beef processing facility, Texas
Last week may have been the first week back at our desks after the new year, but we hit the ground running with news that Unilever sold its Skippy peanut butter business to Hormel Foods. At first glance, a mainstream brand like Skippy ...
Tags: Skippy peanut butter, Hormel Foods, Skippy, company news
Cal-Maine Foods has booked a 39% drop in second-quarter earnings, as revenue growth failed to offset higher costs. The company said earnings dipped to US$14.3m in the quarter to 1 December, down from $23.3m in the comparable period of ...
Tags: Cal Maine Foods, eartnings, company news, food industry
Avery Weigh-Tronix introduces Feed Foreman Ration Management Software designed for feeding efficiency and increased profitability. Avery Weigh-Tronix introduces Feed Foreman Ration Management Software designed for feeding efficiency and ...
Tags: Tronix Feed Foreman, Ration Management Solution, Computer Products
Volatility in global commodity markets remained a significant factor for the food industry during 2012. On the one hand, adverse weather conditions hit grain harvests causing prices to spike, while on the other, over-supply has meant cocoa ...
US poultry giant Sanderson Farms has reported an annual profit thanks to higher poultry prices and increased production. The return to profitability reflected higher production In the 12 months to the end of of October, earnings ...
Tags: annual profit, higher poultry prices, increased production, production