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
Brazil-based meat giant Marfrig today (14 August) booked a second-quarter profit, moving back into the black after a loss in the corresponding period last year. Marfrig, which owns the Seara brand, posted net income of BRL15.5m (US$19.1m) ...
Tags: Meat giant, Meat, net income, profit
A fall in the Brazilian real and a spike in soybean costs were key factors in the fall in half-year profits at Brasil Foods,the company has reported. Brasil Foods booked an 82%fall in first-half net profit to BRL160m(US$79.2m)for the six ...
Tags: soybean costs, net debt, profits