Mississippi Business Journal » market

Tire executives say plant needed to meet global demand

Associated Press — Tue, 30 Apr 2013 12:04:40 +0000

WEST POINT — Executives with Yokohama Rubber Co. Ltd. say they will build a new tire plant in Mississippi because they see a global supply shortage for tires. State and company officials gathered Monday at the Ritz Theater & Conference Center in West Point to celebrate the company’s plans to build a factory. Later, Gov. [...]

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Poultry producers face myriad of challenges this year

MBJ Staff — Tue, 23 Apr 2013 12:22:54 +0000

ACROSS MISSISSIPPI — The impact of last year’s drought on feed costs is not the only challenge poultry growers face in 2013. Production costs, expansion issues, waste regulations, competition from other meat sources and the next grain crop are major factors impacting the poultry industry this year. “Some of the corn produced last year had [...]

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Egg company’s earnings up on better market conditions

Associated Press — Mon, 01 Apr 2013 11:57:11 +0000

JACKSON — Cal-Maine Foods Inc. said today that its fiscal third-quarter net income climbed 17 percent, bolstered by increased selling prices and improved sales of specialty eggs. For the period ended March 2, the egg producer earned $30.6 million, or $1.27 per share. That compares with earnings of $26.1 million, or $1.09 per share, a [...]

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State’s cotton to make more room for corn in 2013

MBJ Staff — Fri, 29 Mar 2013 14:25:41 +0000

ACROSS MISSISSIPPI — Corn is the anticipated biggest winner and cotton the biggest loser as Mississippi producers shuffle commodity acres to take advantage of market conditions. The U.S. Department of Agriculture released its prospective plantings report March 28. In it, the state’s corn acreage is predicted to reach 1.05 million acres, a 28 percent increase [...]

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Index: Property values continued their rebound into 2013

MBJ Staff — Fri, 15 Mar 2013 16:25:07 +0000

OXFORD – The latest FNC Residential Price Index (RPI) indicates that U.S. property values continued to recover through January — the 11th consecutive month of rising prices. Despite the uneven pace of price gains across different geographical markets, there are clear signs that the housing recovery is increasingly widespread, according to the Oxford-based mortgage technology [...]

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Sanderson Farms sees sales rise, but posts loss

MBJ Staff — Fri, 22 Feb 2013 14:23:52 +0000

LAUREL — Sanderson Farms Inc. reports net sales for the first quarter of fiscal 2013 were $595.8 million, compared with $517.8 million for the same period a year ago. For the quarter, the poultry company had a net loss of $6.9 million, or $0.31 per share, compared with a net loss of $8.0 million, or $0.36 [...]

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State producers bullish on future of peanut crop

MBJ Staff — Tue, 12 Feb 2013 13:16:06 +0000

ACROSS MISSISSIPPI — Mississippi producers expect peanuts to remain a strong commodity in years to come with a steady global demand and new marketing opportunities. “The demand for peanuts will stay in place because of global economics and population,” said Mike Phillips, plant and soil sciences department head at Mississippi State University. “International markets rely [...]

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Federal officials investigating subsidized shrimp imports

Associated Press — Mon, 21 Jan 2013 13:41:49 +0000

GULF OF MEXICO — The U.S. Commerce Department says it is investigating subsidies in seven nations for frozen warmwater shrimp. Gulf of Mexico shrimp processors had asked for the investigation of subsidized imports from China, Ecuador, India, Indonesia, Malaysia, Thailand and Vietnam. “We continue to believe that the long-term survival of the entire Gulf shrimp [...]

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County to build year-round farmer’s market

Associated Press — Mon, 21 Jan 2013 13:39:20 +0000

CORINTH — Alcorn County is getting a year-round farmer’s market. The board of the Fulton Drive farmer’s market, where a covered shed is soon to be constructed, has set up operating rules for the site. The Daily Corinthian reports the decision to move to a 12-month market reflects increasing availability of some crops. “We do [...]

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FNC index shows continuing rise in U.S. home prices

MBJ Staff — Mon, 14 Jan 2013 15:36:42 +0000

OXFORD — The latest FNC Residential Price Index (RPI) shows that the recovery of U.S. property values has continued through November — the ninth consecutive month of price gains driven largely by rising homes sales and moderate economic growth. An imbalance between rising demand and limited supply continues to be an important factor for sustained [...]

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