International Business News - SAFM http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Smithfield Foods Inc. on Thursday reported a 76 percent drop in its fiscal second-quarter earnings due to high grain prices, but its shares soared as the nation's leading pork producer said its liquidity was strong. http://www.ibtimes.com/data/articleimgs/189023-earns-smithfield-foods.jpg http://www.ibtimes.com/articles/20081204/smithfield-sanderson-shares-up-after-hard-quarter.htm http://www.ibtimes.com/articles/20081204/smithfield-sanderson-shares-up-after-hard-quarter.htm Thu, 04 Dec 2008 16:24:32 EST Shares of Sanderson Farms Inc. rose on Thursday even after the chicken producer posted a bigger-than-expected fourth-quarter loss. Its CEO assured investors his top priority was protecting the company's balance sheet. http://www.ibtimes.com/articles/20081204/sanderson-farms-shares-rise-after-4q-loss.htm Thu, 04 Dec 2008 14:48:29 EST Among the earnings stories for Thursday, Dec. 4, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20081204/earnings-roundup-toll-brothers-smithfield-foods.htm Thu, 04 Dec 2008 10:10:28 EST Sanderson Farms Inc. said Thursday it lost nearly $52 million in its fiscal fourth quarter, hurt by declining chicken prices and some inventory adjustments. http://www.ibtimes.com/articles/20081204/sanderson-farms-reports-4q-loss.htm Thu, 04 Dec 2008 15:08:29 EST Among the premarket stories for Wednesday, Nov. 19, from AP Financial News: NEW YORK (AP)--The loss of a contract with two radio broadcasters will likely lead Arbitron Inc.'s revenue to decline and limit the ability of its stock to climb in the near-term, a JPMorgan analyst said Wednesday. http://www.ibtimes.com/articles/20081119/premarket-roundup-arbitron-sanderson-farms.htm Wed, 19 Nov 2008 09:17:16 EST With chicken prices bottoming, investors propping up share prices and the risk of defaulting on credit agreements diminishing, now may be the time to buy shares of chicken processor Sanderson Farms Inc., a JPMorgan analyst said Wednesday. http://www.ibtimes.com/articles/20081119/ahead-of-the-bell-sanderson-farms-upgraded.htm Wed, 19 Nov 2008 08:01:41 EST Shares of Tyson Foods Inc. continued to plunge Tuesday as analysts cut their estimates and said its debt levels may mean it has to negotiate a credit agreement in a tight credit environment. http://www.ibtimes.com/articles/20081111/tyson-foods-shares-continue-to-plunge.htm Tue, 11 Nov 2008 20:07:41 EST Shares of the nation's meat makers largely tumbled on Monday after a crop report predicting lower corn and soybean harvests and news that Tyson Foods Corp. lost $91 million in its chicken unit in the fourth quarter. http://www.ibtimes.com/articles/20081110/sector-snap-meat-shares-plunge-after-crop-report.htm Mon, 10 Nov 2008 12:35:26 EST The Agriculture Department on Monday lowered its forecasts for this year's U.S. corn and soybean harvests, pushing up the prices of both commodities while knocking down the shares of meat producers. http://www.ibtimes.com/data/articleimgs/172461-crop-report.jpg http://www.ibtimes.com/articles/20081110/usda-predicts-lower-corn-soybean-harvests.htm http://www.ibtimes.com/articles/20081110/usda-predicts-lower-corn-soybean-harvests.htm Mon, 10 Nov 2008 16:21:59 EST Among the sector activity stories for Friday, Nov. 7, from AP Financial News: NEW YORK (AP)--Airlines stocks fell Friday as oil prices inched higher, amid positive broader markets. http://www.ibtimes.com/articles/20081107/sector-roundup-airlines-meat-producers.htm Fri, 07 Nov 2008 14:23:43 EST An analyst cut earnings estimates for the nation's meat makers on Friday, saying in a note prices will be kept down due to weak demand and export difficulties due to the expanding credit crisis. http://www.ibtimes.com/articles/20081107/earnings-estimates-cut-for-nations-meat-makers.htm Fri, 07 Nov 2008 12:23:06 EST Shares of most meat producers continued to fall Wednesday afternoon after Federal Reserve policymakers cut a key interest rate to boost the slumping economy. http://www.ibtimes.com/articles/20081029/meat-stocks-continue-fall-on-interest-rate-cut.htm Wed, 29 Oct 2008 14:47:16 EDT Shares of some major meat producers tumbled Tuesday, after the federal government corrected--and lowered--its crop estimates. That means prices for the corn, soybeans and other ingredients those companies rely on to feed their animal stocks won't drop as much as expected. http://www.ibtimes.com/articles/20081028/a-look-at-meat-producer-stocks-after-crop-news.htm Tue, 28 Oct 2008 17:15:20 EDT The federal government on Tuesday lowered its estimates for corn, soybeans and other crop harvests, which will boost prices for those key commodities above projections issued earlier this month. http://www.ibtimes.com/articles/20081028/rain-and-cool-weather-delays-neb-corn-harvest.htm Tue, 28 Oct 2008 17:14:04 EDT Shares of the nation's chicken producers mostly fell Thursday with the broader market, giving back earlier gains after the Agriculture Department said the number of chicken eggs in incubators last week was at its lowest level in five years. http://www.ibtimes.com/articles/20081009/sector-snap-chicken-producers-up-after-usda-data.htm Thu, 09 Oct 2008 15:35:25 EDT Poultry producer Sanderson Farms Inc. on Thursday said it filed a shelf registration with the Securities and Exchange Commission to sell up to $1 billion in stock, on terms to be determined, to potentially fund future acquisitions or other strategic opportunities. http://www.ibtimes.com/articles/20081009/sanderson-registers-to-sell-up-to-1b-in-stock.htm Thu, 09 Oct 2008 07:08:11 EDT Shares of chicken producers dropped Monday due largely to concerns that the credit crisis will continue to restrict companies from gaining access to financing. http://www.ibtimes.com/articles/20081006/sector-snap-chicken-producers-fall.htm Mon, 06 Oct 2008 14:11:50 EDT Shares of meat producers recovered Friday afternoon from morning declines stemming from an Agriculture Department report forecasting smaller harvests for corn and soybeans. http://www.ibtimes.com/articles/20080912/sector-snap-meat-producers-recover.htm Fri, 12 Sep 2008 13:40:31 EDT Chicken processor Sanderson Farms Inc. said on Tuesday that its plants in Louisiana and Mississippi sustained no damage from Hurricane Gustav. Its operations and growers were mainly dealing with a temporary loss of power. The company said its Hammond, La., plant had no power on Tuesday, and it would not return to normal operation until power was restored. http://www.ibtimes.com/articles/20080903/sanderson-farms-says-gustav-caused-no-damage.htm Wed, 03 Sep 2008 07:47:28 EDT THE BAN: Russia, the top market for U.S. chicken exports, will start banning imports from 19 plants on Monday. Russian Prime Minister Vladimir Putin says the bans are because of ignored warnings about inspections. http://www.ibtimes.com/articles/20080829/summary-box-russia-names-banned-poultry-plants.htm Fri, 29 Aug 2008 17:21:21 EDT