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| Jamaica Broilers Feels Brunt of Recent Gulf Storms |
| 09.18.08 (4:52 pm) [edit] |
Jamaica's main poultry producer, Jamaica Broilers, warned that a likely spike in the price of chicken meat and feeds in the face of recent storms in the US Gulf region that have upshot the industry's supply chain.
"You are looking at about 25 to 30 per cent increase in our corn and soya prices," Christopher Levy, senior vice-president for operations at Jamaica Broilers, told Wednesday Business.
He could not immediately say how that would translate into the domestic price for feeds or chicken meat.
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| Smithfield, Sanderson Hurt by Rising Production Costs |
| 09.18.08 (4:47 pm) [edit] |
Smithfield Foods shares fell 5 percent to $22.35, while Sanderson Farms dropped nearly 11 percent to $35.30. Tyson Foods shares were down 5.2 percent, or 85 cents, at $15.36.
At Smithfield, which raises hogs and sells pork, the losses on hogs due to feed costs overshadowed a doubling in pork earnings caused by robust exports. However, excluding one-time costs and charges, the loss was narrower than expected.
At Sanderson Farms, which raises and sells chickens, the loss was worse than what Wall Street had forecast.
Smithfield Foods and Sanderson Farms, like other livestock and meat producers, have been hurt by higher prices for feed, particularly corn. While some meat prices have been raised, the increases have not kept pace with production costs.
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| New Feed Network Focuses on Latest Feed Industry News, Animal Safety |
| 09.05.08 (1:38 pm) [edit] |
WATT, an industry-leading service company with 90+ years of research, editorial, and marketing experience in the poultry, pig, and feed sectors, announces the launch of FeedIndustryNetwork.com. The go-to resource for the global feed industry, FeedIndustryNetwork.com offers an online interactive community where feed industry professionals can discuss topics such as feed processing, feed quality assurance, feed nutrition, antibiotics in feed and others.
FeedIndustryNetwork.com invites professionals to connect through blogging, feed discussion forums, feed webinars, and feed video channels, and offers access to digital versions of Feed Management and Feed International, monthly e-newsletters Feed E-news and Feed Formulator, feed white papers, and extensive archives with powerful search capabilities. All of these tools are focused on providing the latest feed industry news to assist farmers in raising more profitable feed.
The internet home of Feed Management and Feed International, FeedIndustryNetwork.com is unlike anything the industry has seen before. The powerful and world-class portal has been expertly designed to serve the global feed industry's information needs through a rich, online community. Its most popular features include:
1. Blogging from global industry experts to provide an insider's look and practical perspective on the latest trends and issues shaping the feed industry.
2. Data-driven analytics and graphics to help industry professionals visualize the latest trends in the feed industry and the impact on business. This fact-based information is a tremendous resource for informed decision-making in today’s global marketplace.
3. "World Feed Panorama" - an annual feature that provides information on the latest worldwide feed manufacturing statistics.
"Not only does FeedIndustryNetwork.com provide the most comprehensive online resource for the global feed industry, but it also brings buyers and sellers together in an interactive platform where they can share effective, experience-based solutions," said Greg Watt, chief executive officer of WATT. "Through the website and webinars, businesses and industry professionals can communicate with one another to address issues, debate, and problem-solve as they face new challenges and opportunities. This is tremendously powerful for businesses in today's feed marketplace."
In addition to offering the latest market information, insights, and best practices for safe, profitable animal feed manufacturing and distribution, FeedIndustryNetwork.com always covers the most up-to-the date topics that are crucial to today's environmental concerns, such as renewable and organic feed, biofuels feed and more.
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