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Sanderson profits boosted by $37.5 million tax reduction

A 14 percent-point reduction in federal income tax boosted Sanderson Farms Inc.’s first fiscal quarter’s net income by $37.5 million, the Laurel-based poultry processor announced Wednesday after close of the Nasdaq stock market. Thanks to that tax liability reduction, the company reported in a release that net income was $51.2 million, or $2.24 per share, for the quarter compared with ...

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Forecasters predict rapid rise along lower Mississippi River

The National Weather Service is predicting a rapid rise along the lower Mississippi River in the next two weeks. Forecasters predict minor flooding in at least some points below where the Ohio River joins the Mississippi in the states of Arkansas, Louisiana, Mississippi, Missouri and Tennessee. National Weather Service meteorologist Ed Tarver tells The Vicksburg Post that heavy rain in the Midwest ...

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Nebraska, Mississippi colleges start poultry degree program

The Nebraska College of Technical Agriculture has signed a cooperative agreement with Mississippi State University to train students for poultry-related careers. The Lincoln Journal Star reports that the new program includes three semesters at the Nebraska college in Curtis and a semester at MSU’s College of Agriculture and Life Sciences. Students enrolled in the program will earn an associate of applied ...

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2 more lawsuits accuse chicken producers of fixing prices

Two major food distributors have filed their own federal lawsuits accusing Tyson Foods and other major chicken producers of fixing prices, but the industry denies any wrongdoing. The lawsuits filed this week in Illinois by Sysco Corp and US Foods Holding Corp. join several other lawsuits pending against the chicken producers. The allegations date back at least to a 2016 ...

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Cal-Maine: mistreatment of hens an aberration

By JACK WEATHERLY An animal rights group has released an undercover video of what it says are laying hens living in deplorable conditions at a Cal-Maine Foods farm in Lake Wales, Fla, Jackson-based Cal-Maine is the largest producer of shell eggs in the United States. According to Animal Recovery Mission (ARM), hens are overcrowded in cages where they are trampled ...

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Cold weather gives blueberry crop a boost

By JACK WEATHERLY jack.weatherly@msbusiness.com The recent spate of subfreezing weather isn’t all bad. Just ask blueberry farmers. An unusually warm winter last year cut into the state’s fruit crops, including blueberries, the state’s largest. But thus far this winter, subfreezing weather bodes well for fruit crops in Mississippi, according to Dr. Eric Thomas Staphne, an associate professor at the Mississippi ...

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Cal-Maine records $26.1 million loss for quarter after settlement

By JACK WEATHERLY Cal-Maine Foods suffered a net loss of $26.1 million, or 54 cents per share, for the second fiscal quarter of 2018 in which the Jackson-based egg producer recorded a $52.8 million after-tax antitrust settlement. The settlement stems from a Sept. 25, 2008 consolidated suit case filed in the U.S. District Court for the Eastern District of Pennsylvania. Excluding ...

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Dr. Yvonne Vizzier-Thaxton Named to Mississippi Poultry Hall of Fame

The 2017 Mississippi Poultry Hall of Fame inductee, Dr. Yvonne Vizzier-Thaxton, is the first female member and completes the first husband and wife team in the Hall of Fame. The Mississippi Poultry Hall of Fame was created in 1972 to recognize the contributions of those who built and expanded the poultry industry into Mississippi’s largest agricultural industry. Vizzier-Thaxton, former head ...

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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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