March 27, 2017
Headlining the news today is a focus on
Foods which on Monday reported fiscal third-quarter earnings of $4.1
million. The Jackson, Mississippi-based company said it had net
sales for the third quarter of fiscal 2017 were $306.5 million, a 31.8
percent decrease, compared with $449.8 million for the third quarter of
In other news,
lifted a ban on imports of meat from Brazil on Saturday after Brazilian
authorities clarified details of a police investigation into alleged
bribery of health inspectors, in a victory for President Michel Temer's
efforts to stem damage from the probe. The move by China, the biggest
national consumer of Brazilian meat, was accompanied on Saturday by the
lifting of import bans in Egypt and Chile, bringing hope of an end to a
crisis that saw one-fifth wiped off the value of Brazilian pork and
poultry exports last week.
top pork producer, Granjas Carroll, said on Thursday it plans to double
its sow count in the next four years as part of a $550 million expansion
plan, as it eyes the risk of a crossborder trade spat with the
United States. The firm's sow tally will reach some 137,000 heads by
2021, while the company will also build a $94 million slaughterhouse
that can process 600 pigs per hour, said Chief Executive Officer Victor
Citing grave concerns that they would “cause
serious harm to the pork industry,” the National Pork Producers Council
in comments submitted said the U.S. Department of Agriculture should not
finalize – or at least exempt pork producers from – regulations related
to the buying and selling of livestock. Likewise, the National
Cattlemen’s Beef Association
USDA to withdraw the Grain Inspection, Packers and Stockyards Act
interim final and proposed rules, collectively labeled with the
misleading title, Farmer Fair Practices Rules. Craig Uden, NCBA
president, said the rules stand to threaten market incentives, the
quality of American beef the industry is known for, and will ultimately
cost $954 million to the cattle industry.
Foods, Inc. is pleased to announce that Keira Lombardo, senior vice
president of corporate affairs, has been named a member of the Board of
Directors for the National Association of Manufacturers (NAM). In
this role, Lombardo will assist in the advancement of NAM's
manufacturing policy agenda to promote growth and prosperity for all
manufacturers in a variety of industries across the country.
Welcome to Foodmarket News!
Urner Barry is proud to offer you
Foodmarket.com. A Web site designed to provide you with the best
news coverage in the food industry.
day, readers are kept fully informed of the food industry's most timely,
relevant developments and market updates with stories presented in a
clear, concise manner. This enables you to make the most of your busy
day while remaining fully informed.
this authenticate your membership and provide you with all the benefits
associated with this service, but it expedites your login by storing
your information so that you do not have to enter it each time you
access the site.
If you are already registered, please
continue to enjoy uninterrupted access with your existing
username and password.
● Not registered yet? Please take a moment to
to continue access to all of Foodmarket's features.
By Linda Lindner
Copyright © 2017 Foodmarket.com
● 732-240-5330 ●