Company News: Page 132

Reduced production helps Sanderson Farms profits

Sanderson Farms Inc. saw a significant improvement in its net income for fiscal 2012, largely based off of a decrease in production, according to the company. The company recorded a yearly income totaling $53.9 million for 2012, compared to a loss of $127.1 million in 2011.

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Mississippi poultry, eggs top agriculture commodities in 2012

Mississippi's agricultural commodities reached $7.3 billion in total estimated value in 2012, with poultry and eggs the top commodity at $2.53 billion, according to Mississippi State University agricultural economists. The $7.3 billion represents a 9.4-percent increase over 2011 numbers.

Inprovo – Spain’s interprofessional egg and egg products association

Spain’s interprofessional egg and egg products association, Inprovo, was established in 1997 and brings together the various Spanish associations whose members produce, process or sell eggs. The association defends the common interests of its members, promotes the standing of its members and their products, and acts as a meeting point for the self-regulation of the sector.

International Production & Processing Expo offers a new name, much larger show

The 2013 International Production & Processing Expo — the exciting new collaboration resulting from the co-location of the International Poultry Expo, International Feed Expo, and the International Meat Expo — will bring together more than 1,000 exhibitors and an anticipated 25,000 attendees from over 100 countries to the Georgia World Congress Center in Atlanta from January 29-31, 2013.

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Special report: Top feed companies 2011-2012

The volatility of grain prices made the past year atumultuous one as feed producers worldwide worked to secure raw materials.

India drought creating animal feed shortage

A drought in India is expected to create a shortage of coarse grains used in animal feed, according to the chief of the country's weather office, resulting in a feed shortage during a time when growing demand for poultry and dairy products is increasing domestic use and affecting exports. An import duty on oil-cake has been waived to ease supplies to the feed and edible oil industries.

Poultry, livestock coalition urges Congress to reform Renewable Fuels Standard

In response to a new economic study on the impact of corn ethanol production on food prices and commodity price volatility, a coalition of poultry and livestock groups is urging the U.S. Congress to reform the federal Renewable Fuels Standard, which mandates the amount of ethanol that must be produced annually. Conducted by Thomas Elam, Ph.D., president of FarmEcon LLC, an Indiana agricultural and food industry consulting firm, the study found that federal ethanol policy has increased and destabilized corn, soybean and wheat prices to the detriment of food and fuel producers and consumers

Economist reports to be released on agriculture conservation

The Council on Food, Agriculture and Resource Economics will release a series of papers from leading economists aimed at informing the policy discussion and elevating the importance of conservation as a major economic issue in the 2012 Farm Bill and beyond. The papers, part of "The Conservation Crossroads in Agriculture" series, will tackle four key areas of concern, including:

Nutreco revenue up 11 percent from 2011

Nutreco reported revenue of €1.13 billion in the first quarter of 2012, up 11.3 percent from the first quarter of 2011, according to the company's latest financial statement. Revenue was mostly driven by volume growth of 6.8 percent, said the report.

Chr. Hansen posts €30 million profit for second quarter 2011/2012

Chr. Hansen posted €30.4 million (US$39.8 million) in net profit in the company's second quarter ending February 29, an increase from the €24.5 million (US$32.1 million) earned in the second quarter of the 2010/2011 fiscal year, according to Chr. Hansen's latest financial report. The company saw organic growth in both its cultures and enzymes division (9 percent) and its health and nutrition division (11 percent) in the second quarter, but saw a drop in its natural colors division (3 percent).

Land O’Lakes reports 2011 net earnings

Land O'Lakes reported net earnings of $182.2 million in 2011, compared to $178.1 million in 2010, according to the company's latest annual report. Earnings increased in layers and declined in feed, crop inputs and dairy foods. Lifestyle feed volume declined 5 percent, although premium, branded products performed well, said the company.

IEC – The International Egg Commission

The International Egg Commission describes itself as “the global network for the egg industry,” and has members in over 55 countries around the world. It was established at the second International Egg Conference in Bologna, Italy, in 1964.

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