AgDay
Hosted by Haley Bickelhaupt, AgDay provides the nation’s farmers and ranchers with the latest news, weather and business headlines, and features the people and places unique to the industry and small-town America.
Stream the latest episode on Farm Journal TV. Now available on Apple devices, Android devices, Roku, Apple TV, and Amazon Fire.
Latest News
Corn silage surpasses alfalfa in six of 10 comparisons
Vita Plus is rolling out its “Thank a farmer!” campaign with the introduction of a new semitrailer at World Dairy Expo.
$100 Ideas - Mower shield, front-mount baler guard, and corral gate wagon.
SMITHFIELD, Va., Sept. 8, 2010 (GLOBE NEWSWIRE) -- Smithfield Foods, Inc. (NYSE:SFD) today reported fiscal 2011 first quarter results. Highlights -- Net income was $76.3 million, or $.46 per diluted share, an improvement of $184.0 million, or $1.21 per diluted share, from the first quarter of fiscal 2010 -- Consolidated operating profit improved $252.4 million versus a year agoPork segment operating profit increased $12.3 million, or 12% -- Fresh pork operating profit improved $51.0 million -- Packaged meats results remained strong at $67.3 million, or $.11 per pound -- Pork segment produced record first quarter earnings for the fourth time in a rowHog Production returned to profitability, improving by $244.0 million Other segment results rose $5.8 million -- Generated first quarter cash flow from operations in excess of $100 million -- Repurchased more than $52 million of debt subsequent to the end of the first quarter -- Protein supplies tightened in the U.S.; July pork freezer stocks at 72% of previous year levels -- Domestic meat prices rose to keep pace with higher grain costs