Meat producer Smithfield Foods inc. said Thursday its fourth-quarter profit rose sharply on higher sales and higher prices charged for its pork and beef products. Beef, pork and poultry producers have struggled in recent months with higher feed costs, as prices of corn and grain have surged because of demand for ethanol. Meat producer raises prices. Larry Pope, chief executive. Smithfield shares fell 2 percent Thursday. It also produces other meats. Last year, Smithfield acquired Sara Lee...

Purdue ag economist Chris Hurt says while export demand will continue, the marketing margin benefit may not last, and pork profitability will be challenged to remain in the black over the next 12 months. With high prices for corn and soybean meal, profitability will be challenged in the coming months. Hurt says prices should be strong through August, based on the futures market, but may drop into the fall period. Hurt: Pork Margins Stay in the Black Thursday, May 24, 2007 There has been...

Rabobank International predicts it will become increasingly challenging for the Canadian Pork industry to maintain its export markets but there are still opportunities. A combination of factors, including the increasing value of the Canadian dollar and rising feed grain costs, have made it increasingly difficult for Canadian pork exporters to compete on the international market. Rabobank International executive director food and agribusiness research Fiona Boal predicts a slight reduction...

Export growth has contributed greatly to the profitability of hog production during the last few years by reducing the pork supply on the domestic market. pork exports during April totaled 224. So, it is not surprising that less pork is being shipped south. Fortunately, the biggest foreign buyer of pork, Japan, purchased 12. imports of pork during April were up 7. The number of live hogs imported from Canada during the first 4 months of this year was up 9. Canadian hog slaughter has been...

More conventionally, pork is used in many of the most famous dishes in Chinese cuisine moo shu pork, twice cooked pork, sweet and sour pork, steamed pork buns, even home-style tofu, which often has as much pork as bean curd. But it isn't tender feelings for swine that caused Wang Bin, a retired export company worker, to start replacing pork with vegetables, chicken and fish as the mainstays of her family's diet. Like hundreds of millions of other Chinese, she's simply feeling the pinch of...

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Canada has been very successful in exporting large quantities of just about everything they raise - we know about their cattle - however, the more Canadian farmers have exported, the lower their prices. To the editor: Through the 1970s, 80s, 90s the economic, banking, and government experts told American farmers that agriculture's financial future lay in raising crops for export. conference was organized by a number of American and European agricultural and trade organizations, including...

Many pork processing plants in Iowa have large Hispanic work forces and some hog producers hire immigrants to work on their farms, she said. In an interview after the meeting, Appell said the council's directors decided to take on the immigration issue because hog producers and pork processors need a reliable source of labor. DesMoinesRegister.com Home::Business. Three days after the raid, Swift workers said that the number of hogs processed at the Marshalltown plant was down a third -...

Smithfield Foods is living high on the hog, with improving meat sales leading the company to report soaring profit in its fourth quarter, but it needs to raise prices to keep up with escalating costs, especially for feed. Since President Bush highlighted the importance of ethanol and other alternative fuels in his January 2006 State of the Union address, the price for corn and other grains has skyrocketed, pushing up the cost of feed used by the poultry and meat industries. Smithfield...