The dramatic M&A battle being played out in the US protein space comes as fresh evidence that food companies are willing to pay top-dollar f...
The hunter became the hunted yesterday (27 May) as Pilgrim's Pride made a hostile bid for Hillshire Brands. The news comes just days after H...
The UK and the US enjoyed a public holiday on Monday and the shorter week is a quieter one for results. However, US poultry group Sanderson Farms and South Africa's Tiger Brands will report H1s, while Tate & Lyle plc will announce annual figures. In New York, Citi will hold a conference featuring the likes of Mondelez International and General Mills.
US meat giant Sanderson Farms said it expects poultry production levels to be limited for the remainder of the year.
US poultry group Sanderson Farms said it expects market price volatility to continue into 2010 as the firm swung into profit this morning (8 December), reversing a year-ago loss.
With Pilgrim’s Pride settling a US$1.1bn takeover battle for rival poultry firm Gold Kist, the US meats market is about to change shape. Joe Ayling reports on the implications of the deal.
The US poultry sector has been under scrutiny in recent quarters, with a number of the largest processors named in a lawsuit alleging companies fixed prices and questions over the use of a key, weekly chicken-price index. Throw in tough market conditions, concerns over the trade priorities of the Trump administration and the rise of meat alternatives and there is much for poultry industry boardrooms to ponder. Dean Best chewed the fat with Sanderson Farms CFO Mike Cockrell.
Meat processed without the use of antibiotics has become one of the fastest-growing areas of the sector in the US. Fears over antibiotic resistance in humans, as well as the expanding underlying demand for food perceived to be cleaner or simpler, has driven a number of the country's processors to reappraise how they use antibiotics. One company that is so far refusing to go down the antibiotic-free path is poultry processor Sanderson Farms. Dean Best spoke to Sanderson Farms' CFO, Mike Cockrell, to find out more.
US poultry supplier Sanderson Farms is looking at setting up a new production facility in Texas and has earmarked two alternative locations for the site.
Sanderson Farms, the US poultry processor, has reported higher first-quarter earnings amid a rise in sales driven by better prices for dark meat.
US poultry processor Sanderson Farms has opened a US$155m processing and wastewater treatment facility at its site in St Pauls, North Carolina.
US poultry group Sanderson Farms said it has agreed a new pricing formula with its customers after the Georgia Department of Agriculture announced the indefinite suspension of the Georgia Dock weekly chicken-price index.
US chicken processor Sanderson Farms said poultry prices in the market strengthened in the final quarter of its financial year as it delivered lower annual earnings today (15 December).
A number of the largest poultry processors in the US, including Tyson Foods, Sanderson Farms and Pilgrim's Pride, have been named in a lawsuit alleging companies fixed prices.
Lower prices for chicken products have depressed sales at US poultry group Sanderson Farms.
China’s ministry of commerce has extended for another five years countervailing (anti-subsidy) duties that have been charged on US imports of broiler chicken products.
Sanderson Farms has reported lower sales and profits for the first half of its financial year.
Sanderson Farms reported a steep drop in sales and profits today (25 February), warning of a "significantly weaker" market for US poultry products.
Sanderson Farms reported a drop in full-year earnings today (17 December) as increased costs and lower pricing dented the US poultry group's margins.
Restrictions on exports and lower poultry prices due to the US bird flu outbreak have hit Sanderson Farms' profits and sales in the US group's third quarter.
The US Department of Agriculture has calmed fears over the outlook for feed prices, prompting shares in protein groups such as Pilgrim's Pride and Sanderson Farms to rise.
US poultry group Sanderson Farms posted higher half-year sales and profits, although there was some concern on Wall Street about the near-term outlook for the business. Barilla announced its results for 2014, which included an increase in revenue and earnings.
Quorn Foods was in the M&A spotlight this week with speculation WhiteWave Foods had held talks to buy the meat-free business. We spoke to Quorn CEO Kevin Brennan to find out more. Elsewhere, Nestle sold its South African ice cream assets to R&R Ice Cream, while in New Zealand, dairy groups moved to reassure consumers their infant formula products were safe following poison threats. In the US, shares in some poultry firms including Tyson Foods and Sanderson Farms plunged after reports of suspected bird flu on an Arkansas farm.
Tyson Foods and Sanderson Farms have responded to reports of suspected bird flu on a farm in Arkansas, insisting they have appropriate security measures in place.
US poultry producers' shares have taken a dive after reports of bird flu on an Arkansas farm.
Sanderson Farms has confirmed plans to open a new US$139m poultry complex in North Carolina, to be located in St Pauls and Robeson County.
Sanderson Farms today (24 February) booked higher first-quarter sales and profits, although earnings came in below analyst forecasts.
US poultry processor Sanderson Farms has rounded off a year of higher sales and profits with fourth-quarter earnings that beat Wall Street expectations.
US poultry producer Sanderson Farms reported an increase in sales during its third quarter, but despite profit growth, results fell short of analyst expectations.
US poultry producers have played down the impact that a potential Russian ban on chicken imports from the country would have on the sector.
Rumours Chinese pork giant WH Group is eyeing acquisitions, particularly in the US, have surfaced.
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Fonterra cuts earnings forecast