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Cal-Maine reports $16 million loss for quarter

By JACK WEATHERLY Cal-Maine Foods Inc. reported on Monday a net loss of $16 million, or 33 cents per share, for the first fiscal quarter compared with a net loss of $30.9 million, or 64 cents, for the year-earlier period. Net sales were $262.8 million, compared with $239.8 million for the prior-year period. MarketWatch reported that the FactSet Research Systems Inc. ...

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Sorghum yields shine; acreage and prices sag

By LINDA BREAZEALE / Mississippi State Extension Mississippi’s grain sorghum acreage is at an historic low, and market prices are not much better, but yields should be good. Erick Larson, grain crops specialist with the Mississippi State University Extension Service, said when market incentives went away after 2015, so did farmers’ desire to plant grain sorghum, also known as milo. ...

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Sanderson earnings more than double for 3rd quarter

By JACK WEATHERLY Higher product prices and lower feed costs in a stable market enabled Sanderson Farms to record net income of $115.8 million, or $5.09 per share, for the third fiscal quarter, compared with $54.7 million, or $2.42 per share, a year earlier. Joe F. Sanderson Jr., chairman and chief executive said in its report that retail grocery prices, ...

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Turnout big for forum on redband bug

By JACK WEATHERLY The attendance at a forum last week on the redbanded stink bug in Mississippi, Louisiana and Arkansas soybean crops was commensurate with the scope of the infestation. In other words, big. That’s according to Dr. Fred Musser, professor of entomology at Mississippi State University. There were 130 at the MSU Delta Research and Extension Center in Stoneville, ...

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Cutting crews sought in effort to stop spread of pine beetles

By JACK WEATHERLY The U.S. Forest Service announced Tuesday that it is seeking to contract saw crews to fell trees as part of the efforts to control or stop Southern pine beetle infestations that threaten tens of thousands of acres of pine forests in four national forests in Mississippi. Meantime, the Mississippi Forestry Commission said that nearly 250 infestations of ...

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Stink bug poses major threat to soybean crop

By JACK WEATHERLY Mississippi’s largest and most valuable row crop, soybeans, is under attack by a pest that can significantly reduce production of the crop. And so an emergency forum on the redbanded stink bug will be held Thursday at 2 p.m. at the Capps Center of the Mississippi State University Delta Research and Extension Center in Stoneville. Data will ...

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Southern pine beetles threaten swaths of timberland

  By JACK WEATHERLY A “severe outbreak” of Southern pine beetles threatens tens of thousands of acres of the trees that are  a major part of the Mississippi economy. U.S. Forest Service entomologist Jim Meeker said in a release that “this outbreak is unprecedented in scope with beetle activity progressing at breakneck speed with infestations rapidly escalating in size, coalescing ...

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Glut forces Cal-Maine into loss for quarter, year

By JACK WEATHERLY Slammed by a market glut, Cal-Maine Foods Inc. on Monday reported a net loss of $24.5 million, or 51 cents per share, for the fourth fiscal quarter ending June 3, compared with a net loss of $376,000, or a penny a share, a year earlier. In the 53-week fiscal year the company had a net loss of $74.3 ...

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Soybeans still the king on the row-crop chess board

By JACK WEATHERLY jack.weatherly@msbusiness.com Market conditions and the weather have played their role in the annual shifting of acreage devoted to row crops in Mississippi. Cotton acreage is up 26 percent from 2016. Corn is down 25 percent and rice acreage is down 38 percent. And soybeans are up 10 percent, according to the acreage report from the USDA. But ...

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Sanderson Farms sued over ads that allegedly mislead

By JACK WEATHERLY Several consumer advocacy groups have sued Laurel-based Sanderson Farms Inc. for allegedly using antibiotics and other chemicals in its chicken that the producer advertises as “100% natural.” The Organic Consumers Association, Friends of the Earth and the Center for Food Safety filed the complaint June 22 in the U.S. District Court for Northern California against Sanderson, the ...

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