Archive for the ‘AGRICULTURE – Market Sector’ Category

Corn growers watch bear market eat profits

ACROSS MISSISSIPPI — Who knew Mississippi corn growers should worry about bears? The bears are not in the fields eating the crop; they are in the market, eating the profits. When economists refer to a bear market, they are talking about declining stock prices over a prolonged period, usually a 20 percent or larger decline. […] [...]

Record cattle, hog prices leave producers with hard decisions

ACROSS MISSISSIPPI — Cattle and hog prices are soaring to record highs, causing producers to debate whether to sell their valuable animals or expand their herd sizes for the future. “It’s hard not to sell when prices are this good and the pull of the feedlot is so strong,” said John Michael Riley, an agricultural […] [...]

Farmers plant more row crops than originally planned

ACROSS MISSISSIPPI — Mississippi producers planted more of the state’s major row crops than they planned in March, and the majority of them are in good condition. Every winter, Mississippi producers estimate how many acres they will plant of each crop they intend to grow. The U.S. Department of Agriculture tabulates these in March and […] [...]

Cal-Maine sets record; sells more than one billion dozen eggs

by Published: July 10,2014

Tags: agriculture, Cal-Maine Foods Inc., Dolph Baker, eggs, record, sales

JACKSON — Cal-Maine Foods Inc. (NASDAQ: CALM) has reached annual sales of over one billion dozen eggs for fiscal 2014 with an expected total of 1.014 billion dozen fresh eggs sold. This sets a new record year of sales for Cal-Maine Foods and the first time any domestic or world egg supplier has surpassed annual […] [...]

Presley alerts farmers to new sales tax break on energy bills

JACKSON — Public Service Commissioner Brandon Presley is notifying agricultural businesses in Mississippi of a change in tax law that may lower their utility bills. The change, which went into effect July 1, exempts certain agricultural business from being charged state sales tax on their energy bills, particularly bills for electric and natural gas service. […] [...]

Scientists: Tick bite can cause red meat allergy

STARKVILLE — Steak lovers beware: Scientists have discovered certain tick bites can cause an allergy to red meat. Jerome Goddard, medical entomologist with the Mississippi State University Extension Service, said the lone star tick species carries a sugar that can be transmitted through its bite. The transmission of the sugar may cause people to become […] [...]

Watermelon, blueberry crop hurt by weather, disease

ACROSS MISSISSIPPI — Party planners may have a hard time finding Mississippi-grown watermelons and blueberries for July 4th celebrations this year. Unfavorable weather slowed maturity and increased disease pressure for both crops. Much of the state’s blueberry crop is grown in south Mississippi, and most of its watermelons are grown in the southeast quarter of […] [...]

EPA approves pesticide for grain sorghum producers

JACKSON — The Environmental Protection Agency (EPA) has approved farmers in the state of Mississippi for the use of sulfoxaflor (CAS Reg. No. 946578-00-3) on sorghum. This specific exemption will aid in controlling the sugarcane aphid (Melanaphis sacchari), which is a destructive pest that can cause damage to the grain sorghum crop. The registered product […] [...]

Georgia-Pacific buying SPG facilities in three states

HATTIESBURG — Georgia-Pacific Consumer Products, LP and SPG Holdings, LLC have reached an agreement under which Georgia-Pacific would purchase SPG, a paper goods company that manufactures and converts products for the foodservice industry. SPG has operations in Hattiesburg as well as Green Bay, Wisconsin, and Augusta, Georgia. CIC Partners, a Dallas-based middle market private equity […] [...]

Cotton acreage expected to soar 40% over 2013

ACROSS MISSISSIPPI — The state’s cotton producers remain optimistic about a crop that is up significantly in acreage despite frequent planting delays. The state is expected to plant about 400,000 acres of cotton in 2014, about 40 percent more than last year. The U.S. Department of Agriculture reported on June 15 that cotton was 98 […] [...]

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