Company News: Page 135

Feed company Ridley sees net profit second quarter 2012

Livestock feed company Ridley Inc. saw a net profit of $4 million in the second fiscal quarter of 2012, down from 2011's $4.9 million, according to the company's latest financial report. Increased raw material prices were largely responsible for the drop in profits.

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Chr Hansen posts €117 million net profit for 2010/2011

Chr. Hansen has posted €117 million net profit for the 2010/2011 financial year, compared to €18 million in 2009/2010, according to the company's latest financial report. Revenue grew by 15% to €636 million with organic growth of 10%, according to the company. All three divisions contributed to the strong growth.

Alltech establishes fully owned Mexico office

Animal health and nutrition company Alltech opened its first wholly owned office in Mexico in an effort to move closer to its local customers, according to the company. “Although Alltech has had a strong presence in Mexico for more than 25 years...we look forward now to working directly with our local customers in the region,” said Dr. Guilherme Minozzo, Alltech’s vice president of Latin America.

IPE Week set for January 23-27, 2012

The U.S. Poultry & Egg Association designated the week of the 2012 International Poultry and International Feed Expos, January 23-27, 2012, as "IPE Week." IPE Week will feature education programs addressing current industry issues, including the International Poultry Scientific Forum, Pet Food Conference, Animal Agricultural Sustainability Summit, Hatchery-Breeder Clinic and AFIA International Feed Education Program.

US corn future trading limits to expand

The daily trading limit for corn futures on the Chicago Board of Trade will widen to 40 cents per bushel beginning on August 22, according to Commodity Futures Trading Commission. David Lehman, managing director at CME Group Inc., said historically low levels of supply, growing demand and other factors have significantly increased corn futures prices and volatility.

Hungary poultry, animal feed prices up

Poultry prices in Hungary rose 21.2% in April, on top of the 16.7% they rose in March, according to a recent report by the Central Statistical Office. The continued increases can be accounted for by a rise in animal feed prices, said Minister of Agriculture Sándor Fazekas.

High price of corn, seasonally depressed prices lower egg industry profits

The outstanding factor influencing profitability in our industry continues to be the high price of corn. During March, layer feed was $288 per ton or 51 cents per dozen across the six regions surveyed by the USDA.

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Over 620 attend the 2011 AFIA Purchasing and Ingredient Suppliers Conference

Over 620 attendees involved in the livestock feed and pet food industries attended the AFIA Purchasing and Ingredient Suppliers Conference in Las Vegas, Nev. March 2-4, 2011, to learn about the latest issues and events affecting operation and profitability. The AFIA Purchasing and Ingredient Suppliers Committee have sponsored the annual event for many years.

Wenger expands Kansas dryer production facility

Wenger Manufacturing is preparing to enlarge its dryer production facility in Sabetha, Kan. by 45,000 square feet and increase production capacity by nearly 50%, according to the company. According to Robert Sunderland, Wenger’s director of dryer technology, the increased demand for Wenger dryers has created an ongoing backlog, which ultimately drove the decision to expand the Sabetha facility.

Alltech and KFC’s John Brown Jr. look at building business success

You have to have confidence. You have to keep asking why. These were two messages from former Kentucky governor and founder of the KFC franchise John Y Brown Jr. and Alltech president Dr Pearse Lyons at an Alltech seminar held alongside VIV Asia 2011.

USDA to engage climate change issues

Secretary of Agriculture Tom Vilsack announced USDA initiatives to address the challenges of climate change at an international meeting in Cancun Mexico on December 9, 2010. The USDA will fund studies to examine projects to reduce emissions and exploit the potential market for green house gases.

AFIO Feed Regulators Meeting to be in January

The Fourth International Feed Regulators Meeting will take place January 24 and 25, 2011, in Atlanta. The American Feed Industry Association is assisting with the organization of the event which will be hosted jointly by the Food and Agricultural Organization of the United Nations and the International Feed Industry Federation.

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