Smithfield Foods' first-quarter estimates missed Wall Street estimates as the company reported losses of $107.7 million, compared to a loss of $13.2 million last year. Quarterly revenue decreased 13 percent
A report in the Wall Street Journal states that Brazilian processor JBS SA, parent company of JBS Swift, is about to pay $2 billion to acquire Pilgrim’s Pride. The deal
Big Boy Food Group, a Warren, Mich., establishment, is recalling approximately 39,514 pounds of ready-to-eat meal kits that may be contaminated with Listeria monocytogenes, the U.S. Department of Agriculture’s Food
A federal judge has delayed the trial of four former Agriprocessors managers until October 13 as she decides to move the trial. U.S. District Court Linda Reade has postponed the
Perdue Farms has announced plans to invest $3.7 million to expand production at one hatchery on Delmarva and another one in eastern North Carolina as part of the company’s ongoing
Smithfield Foods Inc. CEO Larry Pope spoke to shareholders at the company's annual meeting to discuss the company's difficult year as well as its plan to return to profitability. Thanks
Minnesota Governor Tim Pawlenty has asked federal authorities to help the pork industry by working out better international trade deals. In the letter to USDA Secretary Tom Vilsack, Pawlenty noted
Hormel's third quarter results yielded $77.2 million, up 49 percent from earnings of $51.9 million a year earlier. Sales totaled $1.6 billion, which was down 6 percent from fiscal 2008.
With McDonald's having launched its new 1/3-pound Angus burgers, Carl's Jr. and Hardee's have gone on the offensive to remind consumers that they were the first fast-food chains to offer
The National Pork Producers Council has sent a letter to the U.S. Department of Agriculture, asking for $250 million in assistance to buy up surplus pork products and also help