by MBJ Staff Published: July 19,2012
Tags: acquisition, Chicken, dairy, eggs, food, food processing, merger, poultry, processing, processor
JACKSON — Cal-Maine Foods Inc. has reached an agreement to acquire the commercial egg operations of Pilgrim’s Pride Corporation. Terms were not disclosed. The assets to be purchased by Cal-Maine include two production complexes with capacity for approximately 1.4 million laying hens and adjacent land located near Pittsburg, Texas. The company expects to close the [...] [...]
by MBJ Staff Published: May 1,2012
Tags: agriculture, branding, brands, chickens, cooperative, dairy, eggs, food, joint venture, licensing, poultry, retail
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, [...] [...]
by MBJ Staff Published: March 26,2012
Tags: earnings, eggs, food, input costs, manufacturer, manufascturing, profits, publicly traded company, revenues, sales
JACKSON — Cal-Maine Foods Inc., the egg seller and distributor, said today that its fiscal third-quarter profit tumbled 22 percent, weighed down by rising feed costs. President and CEO Dolph Baker said in a statement that the company expects feed costs will remain very high and volatile throughout the summer due to tight supplies of [...] [...]
by MBJ Staff Published: March 7,2012
Tags: agriculture, aquaculture, bees, cattle, chickens, colleges, commodities, cotton, crops, dairy, education, eggs, farmers, farms, forestry, fruits, goats, grain, grain sorghum, growers, herds, higher education, honey, horticulture, livestock, milk, nuts, pecans, poultry, research, rice, soybeans, specialty crops, sweet potatoes, trees, universities, wheat
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 [...] [...]
by Wally Northway Published: January 2,2012
Tags: agricultural commodities, agriculture, catfish, cattle, corn, cotton, eggs, forestry, hay, Mississippi agriculture, Mississippi State University Extension Service, new value record, new value record year in 2011, poultry, rice, soybeans
Despite a challenging year of bad weather and a faltering economy, Mississippi agriculture set a new value record year in 2011, according to a report form the Mississippi State University Extension Service. However, spiraling input costs as well as financial woes at home and abroad and an angry Mother Nature put a squeeze on farmers’ [...] [...]
JACKSON — Cal-Maine Foods Inc. sold more eggs at higher prices in its fiscal second quarter, boosting profit despite higher feed costs. The nation’s largest producer of fresh eggs, Cal-Maine’s profit rose to $23.3 million, or 97 cents per share, in the quarter ended Nov. 26. That’s up 53 percent from $15.2 million, or 64 [...] [...]
JACKSON — The Mississippi Poultry Association has donated 10,000 pounds of chicken and 10,000 eggs to the Mississippi Food Network, which distributes food and household items to people across the state. The Mississippi Poultry Association plans to make a similar donation annually. Gov. Haley Barbour chose to give the donation to the Mississippi Food Network [...] [...]
NATCHEZ — Fred Adams Jr., founder, former CEO and current chairman of the board of directors of Cal-Maine Foods Inc., suffered a mild stroke while attending the International Egg Commission meeting in National Harbor, Md. “Fred Adams suffered a mild stroke, but he is alert and resting comfortably in a Falls Church, Va., hospital,” said [...] [...]
JACKSON — Cal-Maine Foods Inc. reports net sales for the third quarter of fiscal 2011 of $274.7 million, compared with net sales of $271.2 million for the same quarter of fiscal 2010. The egg company reported net income of $33.6 million, or $1.41 per basic share, for the third quarter, compared with net income of [...] [...]
JACKSON — Cal-Maine Foods Inc., for the second quarter ended Nov. 27, 2010, saw net sales of $234.5 million, compared with net sales of $229.2 million for the same quarter of fiscal 2010. The company reported net income of $15.2 million, or $0.64 per basic share, compared with net income of $16.1 million, or $0.68 [...] [...]
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