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Tag Archives: poultry

Low sales prices drive Sanderson earnings down in second quarter

Sanderson-Farms

By JACK WEATHERLY Sanderson Farms’ earnings dipped to $47.6 million, or $2.11 per share, in the second fiscal quarter ending April 30, compared with $71.2 million, or $3.13 per share a year earlier. The Laurel-based poultry producer said in a release Thursday that earnings were hurt by sales prices – down by 11.4 percent per pound — though volume was up ...

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Report takes processors to task, but Sanderson Farms denies worker abuse

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By JACK WEATHERLY  Four major poultry processing companies don’t give line workers time for restroom breaks – forcing some to wear diapers if they have to wait too long or are denied a break, according to a report from Oxfam America. Those companies – Laurel-based Sanderson Farms, Tyson Foods, Perdue Farms and Pilgrim’s Pride – force their workers to endure ...

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Wayne Farms plant in Laurel, Miss, to lay off 500

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LAUREL — A Georgia-based poultry company says its Laurel, Mississippi, plant will close its deboning lines and lay off about 500 workers by the end of June. Wayne Farms LLC of Oakwood, Georgia, said in a news release that one customer has contracted for the entire plant’s output, but wants only whole birds. Spokesman Frank Singleton said in a telephone ...

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UPDATE: Spike in Mississippi egg prices will come, experts say

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If the price of eggs at your favorite grocery in Mississippi hasn’t taken a big jump, just wait. The Mississippi poultry industry has thus far escaped the outbreak of avian flu that has devastated flocks in the Midwest, according to the U.S. Department of Agriculture. Forty-seven million birds have been destroyed because of the virus, with Iowa leading the way ...

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North Carolina officials may revisit Sanderson Farms plant incentives

FAYETTEVILLE, N.C. — Cumberland County officials may reconsider tax breaks and other sweeteners for a proposed poultry plan that could employ 1,000 workers. The Fayetteville Observer reported that Cumberland County commissioners may vote Tuesday to set a public hearing on an incentives package for the Sanderson Farms plant. The Mississippi-based company told economic development officials last week that it is ...

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Sanderson Farms offering increased regular dividend and special payment

LAUREL — Sanderson Farms Inc.’s board of directors has declared a regular quarterly cash dividend of $0.22 per share. This represents a new annual dividend rate of $0.88 per share. The board has also authorized a special cash dividend payment of $0.50 per share. Both the regular quarterly cash dividend and the special cash dividend are payable on Oct. 14 to ...

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Sanderson Farms makes management changes in production division

LAUREL — Sanderson Farms Inc. has made management changes within the company’s live production division. The production division is responsible for the selection and breeding of flocks, in addition to incubating, hatching and raising young chicks to full maturity. Mike Tamimi has been promoted to corporate production manager, where he will provide leadership and management for the company’s various production ...

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Fast food, specialty eggs propel Cal-Maine

Right now is a good time to be a leader in the U.S. egg market. Americans have a growing national appetite for nutritionally enhanced organic eggs and are forsaking cold cereal and yogurt in favor of picking up a hot egg breakfast at traditional lunch stops like Taco Bell and Subway. And the egg aisle is a must stop for ...

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Russia's poultry ban expected to have only minor impact on producers

ACROSS MISSISSIPPI — Poultry producers say Russia’s decision to ban imported U.S. meat won’t lead to a glut of the product because other countries are clamoring for inexpensive meat. Russian President Vladimir Putin said yesterday that his country would restrict imports of certain commodities in retaliation for the U.S. and other countries imposing sanctions because of the situation in Ukraine. ...

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Sanderson Farms sees increase in sales, net income

LAUREL — Sanderson Farms Inc. (NASDAQ: SAFM) saw net sales for the second quarter of fiscal 2014 of $660.7 million compared with $621.2 million for the same period a year ago. For the quarter, net income was $51.0 million, or $2.21 per share, compared with net income of $24.4 million, or $1.06 per share, for the second quarter of fiscal 2013. Net ...

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