Here's help in deciding how much rent you can afford for land. We've all heard the stories about land rents gone wild:$400/acre.$500.Even$550. Corn and soybean growers have been bidding those rents up,hoping to spread their fixed costs ...
Tags: land rents, machinery ownership, bidding war
US egg firm Cal-Maine Foods' first-quarter net profits has more than tripled as sales climbed on higher average market prices for shell eggs. In the three months ended 1 September, earnings surged to US$9.4m from $3.1m last year, the firm ...
Tags: CalMaine Foods, net profits, sales, shell egg
US poultry giant Sanderson Farms said today (28 August) it had cut production to offset the spike in feed costs it expects after this summer's severe drought in the country. Chairman and CEO Joe Sanderson Jr said the company had reduced ...
Tags: Sanderson Farms, feed costs, poultry giant, grain prices
The US government has again cut its forecast for corn yields as the impact of the worst drought in the country for 50 years becomes clearer. Washington said the US corn yield is set to be the lowest since 1995-96, sending futures to a ...
Tags: US government, corn yields, drought, food industry
Commodities giant Archer Daniels Midland has said it is continuing to increase its investment outside the US in light of the country's drought pushing corn prices up. ADM COO Juan Luciano told analysts yesterday (31 July) the company has ...
Tags: Archer Daniels Midland, investment, corn price, food industry
Shares in UK meat processor Cranswick were up this morning (26 November) after the company said talks to secure price increases to offset higher costs were "progressing well". An increase in feed costs and upcoming EU legislation on ...
Tags: meat processor, feed costs, animal welfare
Bernard Matthews has said it is "cautious" on the outlook for the coming 12 months, despite returning to profit in its last financial year. The company said pre-tax profit in the 12 months to 1 July rose to GBP2m (US$3.2m). In the ...
Tags: feed costs, consumer sentiment, turkey
Brasil Foods has booked a 75% drop in third-quarter profits as higher feed costs more than offset sales gains in the period. The Brazilian meat company said net income fell to BRL91m (US$44m) in the three months, down from BRL365m in the ...
Tags: Foods, meat company, grain prices, feed costs, profit
US egg firm Cal-Maine Foods has struck a deal to buy the commercial egg business of poultry firm Pilgrim's Pride. Cal-Maine said today (18 July) the acquisition would include two production complexes that can house 1.4m laying hens. In ...
Tags: egg assets, egg, egg Foods, laying hens
US egg firm Cal-Maine Foods has booked an increase in full-year profits as gains from a new venture in the speciality egg market more than offset higher costs from its fresh shell eggs. In the 12 months ended 2 June, net profit climbed ...
Tags: egg Foods, egg market, fresh shell eggs, eggs
South African poultry group Astral Foods has booked a 23% drop in full-year earnings on higher grain prices and greater competition from European and South American poultry importers. Net income fell to ZAR392m (US$38m) in the year to end ...
Tags: Astral Foods, drop, earnings, corn costs
Canadian pork producer Big Sky Farms,which ran into financial troubles due to high feed costs,has entered into receivership and may be put up for sale. Feed costs in Canada have soared due to severe drought in the US. The company said ...
Tags: pork, financial troubles, feed costs, drought
Efficiency improvements and successful price negotiations are helping meat firm Cranswick offset the impact of rising feed costs,according to City analysts commenting on its interim results for the six months to September 30. Reported ...
Tags: Cranswick, feed costs, input costs
US food group Hormel Foods saw its profits accelerate in the final quarter of its financial year amid stronger earnings from its grocery products business. Hormel, which makes Spam canned meat, booked a 13% increase in net earnings to ...
Tags: food, grocery, canned meat, taco, burrito, refrigerated foods
Schmahl looks at the impact of recent prices on exports,the reality of feed costs and the outlook for U.S.milk production. Much to the dismay of dairy farmers,cash prices have had difficulty maintaining upward momentum.In fact,it appears ...
Tags: prices, exports, feed costs, dairy farmers