Smithfield Foods said it priced its initial public offering well below its forecast range, raising $521.7 million for the company and the selling stockholder.
A wild boar adopted by a French horse breeder can remain with her owner, a court ruled on Thursday, after threats by authorities to remove and even euthanize her triggered a storm of protest.
Germany’s meat and dairy exports outside the EU face severe restrictions after the country’s first case of the livestock disease foot-and-mouth was confirmed on Friday.
Reuters reports that the union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers reached a tentative deal on a new six-year contract.
Damage estimated between $95 billion and $110 billion. Farmers in South Georgia were assessing the damage to the state’s $1 billion cotton crop and $400 million pecan crop now in harvest season.
Hong Kong-based WH Group, the world’s largest pork producer, said its shareholders approved spinning off Smithfield Foods into a listed company in the United States.
Hormel Foods forecast annual sales and profit below estimates on Wednesday, hurt by slowing demand for its snacking and meat products, including its Jennie-O Turkey brand.
Tariffs could lead to produce shortages as well as price hikes, experts warn Mexico and Canada are top suppliers of U.S. agricultural imports. Tariffs may disrupt cattle and pork trade between U.S., Mexico and Canada.
