DES MOINES, Iowa (AP) — Livestock farmers are demanding a change in the nation's ethanol policy, claiming current rules could lead to spikes in meat prices and even shortages at supermarkets if corn growers have a bad year. The amount of corn consumed by the ethanol industry combined with continued demand from overseas has cattle and hog farmers worried that if corn production drops due to drought or another natural disaster, the cost of feed could skyrocket, leaving them little choice but to reduce the size of their herds.
NEW YORK (AP) — Snack maker Diamond Foods' shares tumbled in premarket trading Wednesday after a media report that the death of a member of its audit committee was a suicide. Diamond Foods is in the midst of an internal accounting probe, but the company says the death is unrelated to the investigation.
(AP) — Ward Bruning washes off a fresh killed Thanksgiving turkey on his farm in Akron, N.Y., Tuesday, Nov. 22, 2011. On this the fourth Thanksgiving since the economy sank, prices for everything from airline flights to groceries are going up, and some Americans are scaling back.
NORWOOD, N.J. (AP) — Gregory Papalexis, whose Sabrett hot dogs have become a part of the New York City experience, has died. He was 86. Papalexis was president, CEO and chairman of Englewood-based Marathon Enterprises, a supplier of hot dogs, buns, onion sauce and other products, and the owner of the Sabrett trademark.
IOWA CITY, Iowa (AP) — A ruthless businessman who built one of the nation's largest egg production operations from scratch even as he racked up environmental and labor violations is getting out of the business in disgrace after one scandal was too much to overcome: a nationwide salmonella outbreak caused by his products.
MINNEAPOLIS (AP) — Egg shortages were reported at some Target stores after the retailer ended its relationship with a producer accused of animal cruelty, and the company scrambled Monday to line up new suppliers before Thanksgiving. Shortages were reported at stores as far away as Chicago and North Carolina after Minneapolis-based Target Corp.
WASHINGTON (AP) — No need for a salt shaker on the Thanksgiving table: Unless you really cooked from scratch, there's lots of sodium already hidden in the menu. Stealth sodium can do a number on your blood pressure. Americans eat way too much salt, and most of it comes inside common processed foods and restaurant meals.
CAMDEN, N.J. (AP) — Campbell Soup Co. said Tuesday its fiscal first-quarter net income fell 5 percent as price increases were not enough to offset lower volume in its soup and beverage businesses. Still, profit was better than expected. Campbell said it is working to stabilize its U.
(AP) — This Oct. 13, 2011 file photo shows a citrus turkey surrounded by side dishes in Concord. N.H. No need for a salt shaker on the Thanksgiving table: Unless you really cooked from scratch, there's lots of sodium already hidden in all the turkey and trimmings. (AP Photo/Matthew Mead, FIle) Read more at Where's The Salt? Hidden In Your Thanksgiving Menu McDonald's, Target Drop Egg Supplier WTO Rules Against U.
GENEVA (AP) — The world's top trade body ruled against U.S. "country of origin" labels on meat products Friday in a trade victory for Canada and Mexico that could lower prices on their cattle and hog exports. In late 2009, the Geneva-based World Trade Organization opened an investigation on U.
NEW ORLEANS (AP) — The sauteed sweet potatoes with oven-roasted bell peppers, sauteed andouille, sauteed broccoli, sweet potato pancakes and orange wedges all got thumbs up from 40 third- through eighth-grade students in New Orleans — and all were Louisiana products. The pancakes were very popular — lots of students wanted seconds — but younger students tended to leave most of the broccoli on their plates, said the LSU AgCenter's Pam Hodson, who arranged the taste test as the first in what she hopes to make a statewide series.
MINNEAPOLIS (AP) — McDonald's and Target dropped one of the nation's largest egg suppliers after an animal rights group released an undercover video of the egg producer's farms in three states. McDonald's Corp. said Friday it had dropped Sparboe Farms as a supplier after a video by the group Mercy for Animals showed cases of animal cruelty at five facilities in Iowa, Minnesota and Colorado.
LYSANDER, N.Y. (AP) — Anheuser-Busch says it's expanding canning capacity at its Syracuse-area plant with the help of a $900,000 state economic development grant. The company says it will spend more than $7 million on the expansion at its Lysander facility, increasing the brewery's production by 30 percent.
ST. LOUIS (AP) — Tyson Foods' net income for the fourth quarter was less than half of what it was last year, the meat producer said Monday, with higher grain costs offsetting better prices and revenue, particularly in its chicken business. While there were operating income declines of $3 million and $12 million for beef and pork, respectively, that metric tumbled $223 million for chicken, meaning that an operating income of $141 million last year in chicken turned into an operating loss of $82 million in the final quarter of the year.
(AP) — In this photo taken Friday, Nov. 11, 2011, 10-year-old Roman Ramirez carries a banana tree branch from the tropical garden in Woodlake, Calif. Ramirez is one of the children who participate in an agricultural program that has turned 14 acres in the small farmworker community into a series of lush fruit and vegetable gardens.
TOKYO (AP) — Japan has banned shipments of rice grown near a tsunami-hit nuclear power plant for the first time after detecting radiation exceeding the legal limit. Chief Cabinet Secretary Osamu Fujimura said Thursday that a sample of rice from a farm contained 630 becquerels of cesium per kilogram.
J.M. Smucker Co.'s fiscal second-quarter net income fell 15 percent as the food maker struggled with higher costs for ingredients. The company's profit missed expectations. It's an ongoing battle for most food and beverage companies as they face a tricky balance between covering costs and not alienating consumers with higher prices.
SANTA FE SPRINGS, Calif. (AP) — A Southern California Asian food importer has agreed to pay $400,000 in back wages and interest to 71 women who were rejected for sales jobs. The U.S. Labor Department says in a news release Thursday that Tokyo-based Nishimoto Trading Co. has agreed to settle the hiring discrimination case.
LITTLE ROCK, Arkansas (AP) — Rice growers who lost sales after genetically modified rice seed mistakenly entered the U.S. market five years ago have until Monday to sign on to a $750 million settlement proposed by the German company blamed for the problem. More than 10,000 farmers in Arkansas, Louisiana, Mississippi, Missouri and Texas sued the German conglomerate Bayer CropScience after the modified strain of long-grain rice got loose in 2006.
PITTSBURGH (AP) — H.J. Heinz Co., the world's largest ketchup maker, said Friday its fiscal second-quarter net income fell almost 6 percent but adjusted results narrowly beat expectations as emerging markets remained strong and higher prices offset a volume decline. Food makers have been raising prices to offset higher ingredient costs.