GFM Network News

Tyson Foods: High gasoline prices threaten beef demand

washington / reuters / U.S. consumers may try to save money by eating less meat if they continue to feel the pinch of high gasoline prices, the chief executive of Tyson Foods said Feb. 24. “People want meat… but it’s getting pretty expensive,” CEO Donnie Smith told reporters at an agricultural conference in Washington, D.C.

Tornadoes Blast Chicken Farms

Tornadoes and violent storms destroyed 200 chicken houses that held up to four million chickens in Alabama. Alabama is No. 3 U.S. chicken producer, and has about 14,000 chicken houses that hold approximately 200 million chickens. Power outages and loss of drinking water could worsen the situation, officials said. Tyson Foods Inc. and Pilgrim’s Pride

$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

Tyson Pays Penalty

U.S. meat producer Tyson Foods Inc. said it will pay $4 million to the U.S. Justice Department and $1.2 million to the Securities and Exchange Commission to settle a 2007 case over improper payments involving its Mexican poultry subsidiary. In early 2007, Tyson voluntarily disclosed that improper payments of more than $100,000 had been made

Mexico Begins U.S. Chicken Probe

Mexico, the top foreign buyer of U.S. chicken last year, said Feb. 8 it would investigate U.S. producers over dumping complaints lodged by Mexican chicken processors. Mexican chicken processors allege U.S. producers sold chicken legs and thighs on the Mexican market below their cost of production in 2010. Among the U.S. producers named in the

Beef Plant Gains Russia Access

Russia has allowed beef imports from Cargill’s plant in Guelph, Ontario, as the world’s No. 2 beef importer gradually lifts restrictions it has had in place on Canadian plants since a 2003 discovery of BSE, or mad cow disease in Western Canada. Access to Russia will mean an additional $2 million in annual sales for

In Brief… – for Nov. 18, 2010

Faster loading:Paterson GlobalFoods has announced construction of a new terminal in Gleichen, which it says will be the fastest-loading facility in Western Canada. The 28,000-tonne “Long Plain Terminal” will include the first grain loop track in Canada. It is designed to allow locomotives to remain connected to a train, providing for continuous and timely loading

Facts, Figures And Fools With Money

What diesel fuel is to tractors, facts are to journalists. Diesel is expensive; facts, for the most part, are free. Moreover, facts are all over. So if they’re just about everywhere and usually free, why aren’t more facts used? Oftentimes, if the facts cannot be bent to support the political side of an argument then

Tight Canadian Supplies Threaten U. S. Packer

Shrinking cattle supplies in Canada and the U. S. Northwest could leave the JBS-USA packing plant in Hyrum, Utah, vulnerable to closure, a Canadian meat market analyst said March 26. The plant is one of three in the U. S. Northwest that rely on cattle from Alberta and Saskatchewan to supplement U. S. suppl ies,