Shares of Dean Foods rose more than 4 percent on Wednesday, as the "fiscal cliff" compromise deal will avert the potential doubling of milk prices. The measure approved by Congress extends portions of the expired 2008 farm bill through September, according to Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich.
Hormel Foods apparently has a hankering for a peanut butter and bacon sandwich. The company primarily known for cured, smoked and deli meats said Thursday that it's buying Skippy, the country's No. 2 peanut butter brand, for about $700 million.
This undated image provided by Park Hyatt Beaver Creek shows a beer float served at the hotel in Avon, Colo. The drink features local beers and ice creams and sorbets made in house at the hotel. It’s one of a number of specialty drinks served for the après ski crowd at resorts and hotels around the West.
When the U.S. House of Representatives voted last night to approve a Senate bill to avoid the "fiscal cliff," a little known provision in the bill provided relief to dairy farmers across the country. A somewhat controversial measure put forward by Senate Republican Mitch McConnell will extend some portions of the yet unpassed Farm Bill through September.
Dole Food Co. anticipates completing the approximately $1.7 billion sale of its worldwide packaged foods and Asia fresh produce businesses to Japanese trading company Itochu Corp. early this year. But the food company also cautioned that earnings from its fresh fruit business continue to drop due to weak economic conditions and rising banana prices in Asia.
Standard & Poor's Rating Services has lowered its rating on ConAgra Foods Inc. because the food company's planned $5 billion acquisition of Ralcorp Holdings Inc. will add to its debt. When including debt, the companies value the acquisition at $6.8 billion.
Privatizing liquor sales in Washington state hasn't brought prices down, as some had hoped. Instead, average liquor prices are up 10 percent since a year ago. The cost of liquor in Washington went up six months ago, right after the changeover, and has mostly stayed that way, The Daily Herald reported Monday.
Starbucks Corp. said Monday it completed its $620 million purchase of Teavana Holdings Inc., which sells high-end loose-leaf teas. Teavana has locations in about 300 shopping malls, and Starbucks plans to set up stand-alone stores around the world and add tea bars where customers can buy hot and cold drinks.
Five inmates at the Idaho State Correctional Institution south of Boise are suing a handful of major beer and wine companies, contending that alcohol led to their crimes and that they should have been warned that the beverages can be addictive.
American palates now prefer sweet and smoky above other popular flavors, according to a Kettle Brand-commissioned national survey conducted in December. The company is predicting a new wave of flavor sensations for 2013, and this summer will launch at least one new flavor to appeal to the evolved consumer palate.
Shares of Cal-Maine Foods Inc. slumped more than 10 percent Monday, after the egg producer said its profit dropped because of higher feed prices and costs related to a recent acquisition. Cal-Maine's net income fell 39 percent in its fiscal second quarter because of higher prices for corn and soybean meal, the main ingredients it uses to feed its chickens.
A British farm has become the first place in Europe to grow and sell the native Japanese plant wasabi, as European chefs increasingly use it in a wide range of dishes. A farm in Dorset in southwest England began growing wasabi about three years ago and says the plant is now being "snapped up" by chefs all over Europe since going on sale in July.
A potential doubling of milk prices will be averted as part of the compromise that White House and congressional bargainers reached on wide-ranging legislation to avert the "fiscal cliff," a leading senator said late Monday. Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich., told reporters that negotiators had agreed to extend portions of the expired 2008 farm bill through September.
An increase in gluten-free cuisine that has fabulous flavor is going to be a big trend in 2013. Quince and cauliflower should be on your radar, along with finger limes and such delicacies as octopus and grits. The demand for more gluten-free foods has led to a wider availability of products that can be digested by those with celiac disease or an intolerance for the wheat protein.
This is your brain on sugar — for real. Scientists have used imaging tests to show for the first time that fructose, a sugar that saturates the American diet, can trigger brain changes that may lead to overeating. After drinking a fructose beverage, the brain doesn't register the feeling of being full as it does when simple glucose is consumed, researchers found.
Speaker of the House John Boehner, R-Ohio, walks to a closed-door GOP caucus as Congress meets to negotiate a legislative path to avoid the so-called "fiscal cliff" of automatic tax increases and deep spending cuts that could kick in Jan. 1., at the Capitol in Washington, Sunday, Dec. 30, 2012.
Northern Beef Packers can now process an unlimited number of cattle after getting its permanent certificate of occupancy from the city of Aberdeen. The city previously had restricted the plant in northeastern South Dakota to processing 125 head of cattle a day because of delays in the installation of wastewater equipment.
The Canadian Food Inspection Agency says it has completed its investigation into ingredients used in burgers produced at Cardinal Meat Specialists Ltd. but hasn't been able to find the source of E. coli contamination which led to the recall of burgers made by an Ontario company.
Monks in a small Northern California town are rebuilding a 16th Century Spanish monastery with help from what may seem an unlikely source: beer. The San Francisco Chronicle reported Tuesday that the first phase of the building's decades-long restoration in the Sacramento Valley town of Vina has been completed, with the chapter house of the monastery now standing.
Argentina's top farming groups are halting the sale of livestock for 24 hours to protest the government's planned expropriation of the Argentine Rural Society's exposition center. The country's biggest farm show called La Rural is held here each year as a showcase for the industry.