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...“These conflicts of interests among creditor classes have become increasingly worrisome in the last 10 or 15 years,” says David Skeel, a bankruptcy professor at the University of Pennsylvania Law School....
...“We saw performance gains in key global businesses, including animal nutrition, grain and oilseed processing, most of our poultry operations, and several food ingredients categories,” he said....
...In the 1980s a little-known money manager and consultant called Ray Dalio advised McDonald’s and a big poultry company on how they could fix the price of chickens in a mutually beneficial way....
...Shanghai’s food safety watchdog in July launched an investigation into a meat and poultry processor after an undercover investigation by a local television station found the company to be putting new labels...
...Last Monday Tyson won the bidding war for Hillshire, maker of Ball Park hot dogs, with a $63-a-share offer, topping rival poultry processor Pilgrim’s Pride’s $7.7bn bid....
...The acquisition would help both Pilgrim’s and Tyson, which are traditionally known for fresh or frozen poultry, ramp up their offerings in packaged foods and breakfast, key segments....
...In late 2012, China’s largest poultry producer Liuhe was revealed to be meeting its contract with chickens sourced from smaller local farms that were injecting poultry with excessive amounts of antibiotics...
...Bob Goldin, of food consultancy Technomic, said the acquisition of Hillshire would help Pilgrim’s and Tyson, which are traditionally known for fresh or frozen poultry, break further into packaged foods,...
...Poultry company Pilgrim’s Pride has offered to buy Hillshire Brands for $6.4bn including debt, in a deal meant to head off Hillshire’s recent bid for Pinnacle Foods and create one of the US’s largest meat...
...Tyson Foods has knocked out rival poultry producer Pilgrim’s Pride in the bidding war for Hillshire Brands with what it called a “unilaterally binding” $8.55bn offer, bringing it a step closer to acquiring...
...Whatever the motive, the announcement proved meagre defence: two unsolicited bids for Hillshire emerged this week from US poultry producers....
...The price of maize, used to feed poultry and livestock, reached an all-time high....
...It blamed the rising cost of feed for its pork and poultry lines, higher costs for cattle and the appreciation of Brazil’s currency, the real, against the dollar....
...US ethanol refiners are consuming more domestic corn than livestock and poultry farmers for the first time, underscoring how a government-supported biofuels industry has contributed to surging grain demand...
...Sanderson Farms fell 10.6 per cent to $39.20 after the poultry processor posted third-quarter sales below expectations....
...Chicken Run was a promising try-out, even though its Mel Gibson-voiced rooster seemed an odd interloper among poultry elsewhere sporting all-sorts Brit dialects....
...Mr Johnson said, referring to the struggling European seafoods and New Zealand poultry businesses. John McMillin, analyst at Prudential Securities, said Heinz had ?pulled a rabbit out of its hat?...
...It also said its poultry business has performed badly. The news from Nutreco also caused severe damage to shares in Norway's Pan Fish, the world's second biggest salmon producer....
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