Mississippi Business Journal » chickens

Sanderson Farms gets back in black

MBJ Staff — Tue, 29 May 2012 19:35:50 +0000

LAUREL — Sanderson Farms Inc. has reported results for its second fiscal quarter and six months ended April 30, 2012. Net sales for the second quarter were $595.0 million, compared with $479.3 million for the same period a year ago. Net income was $23.9 million, or $1.04 per share, compared with a net loss of $16.3 million, or $0.74 per [...]

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Cal-Maine strikes joint venture with Eggland’s Best, Land O’ Lakes

MBJ Staff — Tue, 01 May 2012 19:43:38 +0000

JACKSON — Cal-Maine Foods Inc. has formed a new joint venture between Eggland’s Best Inc., a New Jersey-based egg cooperative, and Land O’ Lakes Inc., a national farmer-owned cooperative based in Minnesota, to produce and sell branded specialty eggs. Pursuant to the terms of the transaction, Eggland’s Best has contributed certain assets, including its trademarks, [...]

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Three men accused of cheating on Russian poultry exports

Associated Press — Tue, 01 May 2012 15:27:08 +0000

PASCAGOULA — Three men have pleaded not guilty to conspiring to falsify the temperatures of poultry exported to Russia from Pascagoula in 2009. The Sun Herald reports Terry White of Ocean Springs, Gerald Miller of Gautier and Patrick McClain of Pascagoula are free on unsecured bonds of $25,000 to await trial in U.S. District Court. [...]

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Senators want challenge to proposed Mexican duties on U.S. poultry

MBJ Staff — Wed, 11 Apr 2012 19:56:16 +0000

WASHINGTON — U.S. Senators Thad Cochran (R-Miss.) and Roger Wicker (R-Miss.) are encouraging U.S. trade representative Ron Kirk to challenge new duties proposed by Mexico on imported U.S. poultry. Cochran and Wicker are among 16 Senators who last week sent a letter to Kirk that states the lawmakers’ concern with antidumping charges levied by Mexico [...]

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Sanderson Farms is country’s third largest poultry producer

Becky Gillette — Sun, 08 Apr 2012 06:01:08 +0000

High feed prices and a decline in demand led to 2011 being one of the most challenging years Joe F. Sanderson Jr., 65, has seen in the 42 years he has worked at Sanderson Farms. So you might think that Sanderson would have thoughts of retirement on his mind. Instead, Sanderson is buoyed by news [...]

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Ag commodities groups identify priorites for research, education

MBJ Staff — Wed, 07 Mar 2012 12:50:25 +0000

ABERDEEN — Advocates for agriculture met recently at the North Mississippi Research and Extension Center in Verona to identify priorities for research and Extension Service education programs at Mississippi State University. Scientists from the Mississippi Agricultural and Forestry Experiment Station, specialists with the MSU Extension Service and almost 250 members of the North Mississippi Producer [...]

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Sanderson sees better quarter, but still loses $8M

MBJ Staff — Tue, 28 Feb 2012 13:51:16 +0000

LAUREL — Sanderson Farms Inc., for the first fiscal quarter ended Jan. 31, saw net sales of $517.8 million compared with $427.7 million for the same period a year ago. For the quarter, the poultry company had a net loss of $8.0 million, or $0.36 per share, compared with a net loss of $33.6 million, or [...]

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Sanderson Farms expands, extends stock repurchase program

MBJ Staff — Fri, 17 Feb 2012 17:46:16 +0000

LAUREL — Sanderson Farms Inc.’s board of directors yesterday expanded and extended to Feb. 16, 2014, its stock repurchase program approved Oct. 22, 2009, to repurchase up to one million shares from time to time at prevailing prices in open market transactions or in negotiated purchases, subject to market conditions, share price and other considerations. [...]

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MSU researcher finds first link between avian flu and Chinese poultry

MBJ Staff — Thu, 09 Feb 2012 17:49:07 +0000

STARKVILLE — A Mississippi State University researcher has uncovered the first molecular evidence linking live poultry markets in China to human H5N1 avian influenza. Henry Wan, an assistant professor in systems biology at MSU’s College of Veterinary Medicine, collaborated with scientists in the World Health Organization Collaborative Centers for Influenza in China and St. Jude [...]

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Sanderson Farms records loss despite increased sales

MBJ Staff — Tue, 20 Dec 2011 18:06:15 +0000

LAUREL — Sanderson Farms Inc. reported net sales for the fourth quarter of fiscal 2011 were $559.8 million, compared with $529.1 million for the same period a year ago. For the quarter, the poultry company reported a net loss of $21.6 million, or $0.97 per share, compared with net income of $47.8 million, or $2.08 per [...]

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