GFM Network News

Poultry boards not letting their guard down as NAFTA preparations begin

The U.S. has a healthy trade surplus with Canada for eggs and poultry

Dairy may be getting all the attention in the upcoming NAFTA negotiations, but the chicken, egg and turkey boards aren’t letting their guard down as talks begin in mid-August. “The government has been clear in its support for supply management and we are confident it will continue to support and protect supply management during the negotiations

U.S. Hog, Poultry Firms To Extend Use Of Feed Wheat

chicago/reuters The surprise drop in U.S. corn feed demand this summer may be only the beginning of a yearlong reduction as chicken and hog producers break a long-held aversion to blending more wheat into rations. What initially began as a summer fling sparked by an unprecedented premium for corn prices over wheat has turned into

$7 Corn Makes Chicken Producer Pinch Pennies

High-speed dryers will replace paper towels in company washrooms at Pilgrim’s Pride Corp. as the chicken producer looks to save money as the price of feed corn rises. Rival Tyson Foods Inc. is replacing freezers with more efficient models, streamlining production, and reducing product movement between plants to help offset feed costs. U.S. chickens consume

U. S. Meat Trade Should Not Count On China, Russia

“(Vladimir) Putin himself made a comment about the U. S. having to meet Russian standards. Now, if the chicken industry gets the attention of Putin, that is a little different ball game than what we have had to deal with in the past.” – Joe Sanderson, Sanderson Farms U. S. meat companies have banked on

U. S. Lawmaker Blasts China Food Safety

The United States has “serious issues” with food imports from China and needs to do more to prevent contaminated products from entering the U. S. food supply, an influential House lawmaker said March 18. At the same time, Washington needs to toughen up its own outdated food safety laws after a series of food recalls

Pilgrim’s Pride Eyes 2009 Bankruptcy Exit

U. S. chicken producer Pilgrim’s Pride Corp. has idled plants and is streamlining operations in hopes of exiting from bankruptcy protection by the end of 2009, CEO Don Jackson told Reuters on Feb. 27. The company filed for bankruptcy protection in December after struggling for nearly a year with high feed costs and low meat

U. S. farmers remain hopeful even as profits erode

“With that kind of volatility you just lose track of fundamentals.” –Illinois farmer Garry Niemeyer Iowa farmer Gordon Wassenaar says he is optimistic about 2009, displaying a sometimes puzzling “glass half full” mentality needed in a profession in which Mother Nature can wipe out months of work overnight. He and other U. S. farmers notched

A Pilgrim’s Pride bankruptcy may help rivals

Any bankruptcy filing by Pilgrim’s Pride Corp., the largest U. S. chicken producer, could support higher pricing for the entire poultry industry as capacity is taken out, Fitch Rating said Nov. 18. A Pilgrim’s Pride bankruptcy looks “pretty inevitable,” given that the company has hired a restructuring adviser and is exercising a grace period for

Pilgrim’s bankruptcy “highly probable”

There is a high probability that major U. S. chicken producer Pilgrim’s Pride Corp. will file for bankruptcy protection as interest payments come due in December on bonds, the independent research firm CreditSights said in a note Oct. 29. The chicken processor said Oct. 27 it got a 30-day waiver on credit covenants and would