Commodities prices have so far responded pretty much as expected to the USDA's Prospective Plantings report, issued March 31. Corn prices are up, soybeans are way down. That's potentially bad news for meat processors such as Tyson Foods and companies such as Archer Daniels Midland that make...
Commodities prices have so far responded pretty much as expected to the USDA's Prospective Plantings report, issued March 31. Corn prices are up, soybeans are way down. That's potentially bad news for meat processors such as Tyson Foods and companies such as Archer Daniels Midland that make...
FOOD AND BEVERAGE CLOSE-UP-8 June 2009-Monsanto Commits to Double Yield in Three Major CropsC2008 - CloseUpMedia - newsdesk@closeupmedia.com Monsanto Company announced a three-point commitment to help increase food production in the face of growing demand, limited natural resources and a changing climate. It...
Mexico without tequila? It seems a far-fetched notion but the country's farmers are shunning the famous agave plant because of poor prices and switching to profitable crops. By Guy Adams The ethanol boom SAVOUR THAT frozen margarita in your hand, for soon you might not...
MILWAUKEE -- Smithfield Foods Inc. swung to a loss in its fiscal first quarter as high commodity costs hurt the nation's largest pork producer and processor, which owns Circle Four Farms in Utah. The commodities market is so volatile, its chief executive said, the company doesn't even...
Highlights: - Q4 total sales of $104.2 million represents 3% increase over year ago - Q4 prices for wheat, corn and natural gas increased by 90.0%, 44.5% and 33.2%, respectively, versus year ago, and by 2.5%, 24.4% and 18.2%, respectively, compared to FY '08 Q3 prices...
ZAPOTLANEJO, Mexico -- Here in the heart of Mexico's tequila country, where every town has a distillery and the air smells like sweet fermenting molasses, a sign proudly marks the entrance to Miguel Ramirez's farm: "Rancho Ramirez: Producer of Agaves." But behind the fence, the blue agave plants,...
NEW YORK -- As prices for crude oil and other commodities ease, consumers have gotten a small dose of relief at the gas pump. But don't expect less pain at the grocery counter. Food inflation is here to stay -- and will probably get worse for some...
CLEARFIELD -- At Don Julio Foods Inc., a new $3 million press that can make 3,800 dozen flour tortillas an hour is expected to improve efficiency -- a strategy chief executive officer Nate Fisher hopes will help the company cope with the erratic rising and falling prices of wheat, corn...
Researched by Industrial Info Resources(Sugar Land, Texas) -- In the first half of 2008, not a single corn-basedethanol plant has started construction, and the biodiesel industry had onlya handful of construction starts. Almost daily, projects are being canceledor being put on hold until market conditions improve. Corn prices haverisen...
Researched by Industrial Info Resources(Sugar Land, Texas) -- Ethanol start-up Big Horn Basin Ethanol LLC(Greybull, Wyoming) and partner Bronte Renewable Ontario have placedtheir ethanol plant project in Greybull on hold due to high corn prices andchanging processing technology. For details, view the entire article by subscribing to Industrial Info'sPremium Industry...
By Martin Crutsinger AP Economics Writer WASHINGTON -- The U.S. trade deficit has gone on a diet, helped by strong exports of farm products and manufactured goods and by Americans spending less as the economy limps along. The...
CARLSBAD, CALIF. -- Rubio's Fresh Mexican Grill has launched a line of grilled tacos. Available in four varieties: sirloin steak, $3.79; garlic herb shrimp, $3.99, grilled chicken, $3.49, or portobello mushroom and poblano pepper, $3.29. Each taco is served on a warm corn tortilla with toasted cheese, avocado slices, habanero...
ST. LOUIS AP -- Rising costs for fuel, feed and fertilizer propelled grain prices to all-time highs in June, raising the overall price of crops and livestock by 16 percent this year compared to last year. Corn and soybeans hit record prices. Wheat slipped from historic highs...
SOUR MASHED The push for renewable energy sources sparked a surge in the biofuels industry, but a significant number of smaller ethanol plants have recently filed for bankruptcy or been scrapped before completion. Rising corn and energy prices and slimmer margins are central factors. "There are...
While soybean acreage increased 17% from last year, it won't satisfy the 2009 usage table, having given way to very high-priced December 2008 corn. "The farmer rightfully chose to plant corn at those prices," says Tom C. Willis of Mesirow Financial. "It was certainly more than last year, but last...
Renewable energy In 2005 and 2007, two pieces of energy-related legislation with potentially far-reaching consequences became law. A key feature of these bills was a federal mandate to substantially increase the production of ethanol over the next two decades. These bills were aimed at reducing U.S. dependence...
The slowing U.S. economy is affecting virtually all sectors of the food and beverage industry, but the future could be far bleaker, as commodity costs are taking an ever-increasing toll. William G. Lapp, principal with Advanced Economic Solutions, explored commodity costs in detail during Technomic's Restaurants 2008: Trends...
Dow Corning Measures Companies' Attitudes toward Alternative Energy MIDLAND, Mich., July 30 /PRNewswire/ -- With energy prices on the rise around the world, businesses are searching for sustainable alternative energy solutions. According to an international study on alternative energy trends conducted by Harris Interactive for Dow...
Strong Second-Quarter Performance Drives Improved Outlook for 2008 TOLEDO, July 30 /PRNewswire-FirstCall/ -- Owens Corning reported today that consolidated net sales increased 23 percent to $1.6 billion during the second quarter, compared with $1.3 billion in the second quarter of 2007. Second-quarter sales increased due to...
Articles 2008-07-30
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