Meat and Poultry Industry News

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The U.S. government left its food-price inflation forecast unchanged in a monthly report and projected that a sharp climb in prices will abate in 2012.

Through Tyson Foods, the two initiated the shipment of more than 30,000 pounds of chicken to the Montana Food Bank Network.

The company achieved record sales in the fourth quarter of $8.4 billion, up 12.9 percent compared to last year.

For the year ended October 30, 2011, net earnings were $474.2 million, up 16 percent from adjusted net earnings of $409.0 million last year.

Canada and Mexico have won a trade case against the United States over the country-of-origin labeling (COOL) meat labeling law.

Donations to hunger-relief organizations throughout the United States and abroad totaled more than $5 million during its fiscal year 2011.

An executive with more than 30 years of experience in the energy commodity industry has been named to the board of directors of Tyson Foods Inc.

The opening of the Northern Beef Packers plant has been delayed indefinitely, though construction and hiring employees is progressing, says CEO David Palmer.

Unless Canada quickly signs a free trade deal with South Korea, industry officials fear that Canada could risk losing all of its $300 million in annual pork exports to the country.

Reuters reports that meat and byproducts’ output grew 5.7 percent in October to 113,000 metric tons compared with a year earlier.