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Tag Archives Smithfield Foods

Hogs, Opinion

Guebert: Reasons to smile over the Smithfield purchase

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Here are 10 reasons for American farmers and ranchers to be thrilled by Shuanghui International Holding Inc.’s proposed $4.7-billion purchase of Smithfield Foods, Inc. No. 10: The U.S. gets back some of the dollars held by China. While $4.7 billion is chicken feed compared to the $1.2 trillion of U.S. debt (about 7.5 per cent
Beef cattle, Other

LIVESTOCK-U.S. live cattle futures slump in fund selloff

* Wholesale beef price setback weighs * CME hogs up on cash, Smithfield news By Theopolis Waters CHICAGO, May 30 (Reuters) - Chicago Mercantile Exchange live cattle slumped on Thursday as futures fell below technical support triggering fund liquidation, traders and analysts said. CME live cattle June dropped beneath the respective 40-day and 20-day moving
Hogs, Livestock, Other

LIVESTOCK-Hog futures up on firm cash, Smithfield deal discussed

* Trade digesting market impact of Smithfield deal * Firm cash hog markets support hog futures * Strong wholesale beef supports cattle futures By Sam Nelson CHICAGO, May 29 (Reuters) - Chicago Mercantile Exchange (CME) lean hog futures rose on Wednesday on firm cash hog markets while traders digested news that a Chinese firm said
Beef cattle, Hogs, Livestock, News, Other livestock

Smithfield Foods third-quarter results beat Wall Street estimates

reuters / Smithfield Foods Inc., the largest U.S. hog producer, reported third-quarter results that beat Wall Street estimates, helped by higher sales of packaged meat products such as Smithfield bacon and Eckrich and Armour sausages. The company, which receives nearly half of its revenue from packaged meat, said higher demand from international markets, particularly from
Hogs, Livestock, News

Smithfield board to review advice from big shareholder

reuters / Smithfield Foods Inc. said March 8 it would review a letter from shareholder Continental Grain Co., which is urging the top U.S. hog producer to consider steps such as splitting into three units and initiating a regular cash dividend. Shares of Smithfield rose 3.3 per cent to $25.50 in pre-market trading. Smithfield said
Hogs, International news, Livestock

World Bank lends money for Mexican pork initiative

Reuters / The World Bank’s private-sector lender is loaning $40 million to Norson, a joint venture in Mexico of local investors and the world’s largest pork processor Smithfield Foods, to expand production and cut greenhouse gas emissions at its plants. The International Finance Corp. (IFC) said the loan will help Norson Holdings increase production, processing
Hogs, Livestock

Smithfield says it will meet China’s deadline on pork

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China wants third-party verification that
imports are free of the additive that promotes lean muscle growth

Smithfield Foods Inc., the world’s largest pork processor, said Feb. 21 it will be able to supply pork that is free of the feed additive ractopamine in time to meet a March 1 deadline by China. China, the world’s largest pork consumer and the third-largest market for U.S. pork with sales of over $800 million
Livestock, News

Monster storm Sandy spares U.S. livestock sector serious damage

Reuters / The monster storm that pummelled the eastern U.S. appears to have largely spared American livestock operations. Poultry producer Perdue Farms temporarily shut down four of its processing plants in the northeast and a distribution centre. The company said two of the large producers had extensive flooding while others were relying on generators to
Livestock, News

Genetically engineered cow makes anti-allergy milk

Genetically engineered cow makes anti-allergy milk london / reuters / Researchers in New Zealand have genetically engineered a cow to produce milk with very little of an allergy-causing protein. The technique, called RNA interference, reduces activity of certain genes without eliminating them completely. With mothers breastfeeding less, cows’ milk is an increasing source of protein
Hogs, Livestock, News

Activists turn investors in a bid to change farm practices

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The Humane Society said it plans to introduce shareholder proposals next year promoting alternatives to sow stalls


The Humane Society of the United States has bought shares in four major financial services companies in a bid to use shareholder pressure to force two of the nation’s largest pork producers to stop housing pregnant sows in gestation stalls. The animal rights group said Aug. 31 that its investment — a relatively small $3,000

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