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Versova, Northwest Farms and Proterra Investment Partners Acquire Williamette Egg Farms
Northwest Farms and Proterra Investment Partners (Proterra) has acquired the operations and assets of Willamette Egg Farms (Willamette) in the Pacific Northwest from Michael Foods, Inc., a subsidiary of Post Holdings.
Northwest Farms is a newly formed company that includes several egg farming families who also are owners in Versova Management (Versova). Versova, headquartered in Sioux Center, IA, has assumed day to day management of the farms, located in Washington and Oregon.
The acquisition includes Willamette’s egg farms in Moses Lake, WA; and Canby and Molalla, OR. The farms...
VIDEO: Morning Market Roundup October 26
Urner Barry's reporters discuss factors impacting plant proteins, turkey cold storage and the shell egg market.
Cargill Launches Poultry Feed with Essential Oils for Healthy Flocks and Maximized Egg Production
Backyard poultry owners want natural, wholesome feeds that help their birds thrive, keep their eggs strong and keep coops fresh. Cargill is delivering on this demand by adding essential oils to its Nutrena® Naturewise® poultry feeds. The natural* essential oils contribute to the promotion of egg weight, size and production, enhanced palatability and a fresh aroma direct from the bag.
"We listened to what poultry owners and soon-to-become owners want most and expect from their poultry feed," said Stephanie Poupart, poultry strategic...
VIDEO: Morning Market Roundup July 13
Urner Barry's reporters discuss egg production & exports; chicken WOGs, wings & breasts; plus turkey production.
ANALYSIS: Production Cuts, Demand Improvements Lift Shell Egg Values for First Time Since March
After what several market sources have referred to as the longest “dry spell” in recent memory, production cuts and demand improvements have...
What Does Prop 12 Mean for Egg, Veal, and Pork Producers in 2022?
Set to begin on January 1, 2022, there has been much pushback and controversy surrounding the State of California’s Proposition 12: The Farm Animal Confinement Initiative, which California residents first voted to pass in 2018.
Under the new rule, veal calf producers are required to provide their animals with at least 43 square feet of usable floor space per calf. Sows must have a minimum of 24 square feet of usable space per animal and laying hens are required to be cage-free. Prop 12 prohibits the sale in California of meat, poultry, and eggs not raised in compliance with these regulations. Many industry participants and producers have voiced concerns that Prop 12 could...
Cal-Maine Foods Completes Acquisition of Interest in Red River Valley Egg Farm
Cal-Maine Foods announced that the Company has closed the previously announced purchase of the remaining 50 percent joint venture membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc, effective May 30, 2021. The entity is now a wholly owned subsidiary of the Company. Red River Valley Egg Farm, LLC owns and operates a specialty shell egg production complex with approximately 1.7 million cage-free laying hens, cage-free pullet capacity, feed mill, processing plant, related offices and outbuildings and...
Cal-Maine Foods Acquires Remaining Interest in Red River Valley Egg Farm
Cal-Maine Foods announced that the Company has reached a definitive agreement to purchase the remaining 50 percent membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc. The entity will become a wholly owned subsidiary of the Company. The purchase price is $48.5 million for the balance of the joint venture’s membership interests.
Red River Valley Egg Farm, LLC owns and operates a specialty shell egg production complex with approximately 1.7 million laying hens, pullet capacity, feed mill, processing plant, related offices and...
Cal-Maine Foods Reports Third Quarter Fiscal 2021 Results
Cal-Maine Foods, Inc. reported results for the third quarter of fiscal 2021 (thirteen weeks) and thirty-nine-week period ended February 27, 2021.
Net sales for the third quarter of fiscal 2021 were $359.1 million, a 3.9 percent increase compared to $345.6 million for the third quarter of fiscal 2020. The Company reported net income of $13.5 million, or $0.28 per basic and diluted share, for the third quarter of fiscal 2021, compared to net income of $13.7 million, or $0.28 per basic and diluted share, for the third quarter of fiscal 2020.
For the thirty-nine weeks ended February 27, 2021, net sales were $999.2 million, an 11.2 percent increase compared with $898.3 million for the prior-year period. The Company reported net income of...
Hardeman Egg Group Acquires Adriaan Goede B.V.
Both companies have this week announced the acquisition of Adriaan Goede B.V. by Hardeman Egg Group. With this move, Hardeman Egg Group is strengthening its position in the egg market, with Adriaan Goede B.V. boosting its future market position.
Adriaan Goede B.V., a private limited company, has a long history and is one of the oldest egg product companies in the world. In the past 126 years, the company has evolved into an efficient and high-quality egg products company, exporting to more than 30 countries in the world.
Over the past four generations, the world of eggs and egg products has changed dramatically. The demand for many different types of eggs and egg products with higher and...
APHIS Reflects on 2015 HPAI Outbreak and Addresses the Importance of Biosecurity
In a recent webinar hosted by the Animal and Plant Health Inspection Service (APHIS), Dr. Dale Lauer, Dr. Rocio Crespo, and Dr. Denise Heard reflected on the Highly Pathogenic Avian Influenza (HPAI) outbreak of 2015, and steps that can be taken to protect poultry flocks going forward.
HPAI can be spread from bird to bird through direct or indirect contact with infected birds including feathers, bodily discharge, or from the equipment, hands, shoes, and clothes of caretakers. Signs of the disease include depression, decreased feed and water intake, runny eyes and nose, and swollen head. The disease can affect an entire flock and has a death rate up to...
ANALYSIS: Shell Egg Prices Surge to Nine-Month High Amid Demand Increases, Flock Rotations
Shell egg prices have climbed to the highest levels seen since mid-April, thanks to extraordinarily robust retail demand, strong international call and...
Cal-Maine Foods Reports Second Quarter Fiscal 2021 Results
Cal-Maine Foods, Inc. reported results for the second quarter of fiscal 2021 (thirteen weeks) and twenty-six-week period ended November 28, 2020.
Net sales for the second quarter of fiscal 2021 were $347.3 million, an 11.5 percent increase compared to $311.5 million for the second quarter of fiscal 2020. The Company reported net income of $12.2 million, or $0.25 per basic and diluted share, for the second quarter of fiscal 2021, compared to a net loss of $10.1 million, or...
REPORTER: Egg Product Markets Rally to Second Half Highs
Though retail demand for shell eggs has run significantly above average since the peak pandemic period, foodservice demand has struggled to return to normal volumes. As much as 22% of all U.S. production is destined for this channel, around 7% being shell eggs and the rest going into the sector in the form of egg products.
Processors have been forced to reduce outputs over the last eight months, evident in the USDA’s Eggs Processed Under Federal Inspection report, which showed total cases broken running at about 1.1 million a week from...
Cal-Maine Foods Announces $40.1 Million Capital Project to Expand Cage-Free Production in Kentucky
Cal-Maine Foods announced that its Board of Directors has approved a $40.1 million capital project to expand the Company’s cage-free egg production at its Guthrie, Kentucky, production facility. The project will include related site work and the additional infrastructure to convert existing conventional capacity to house approximately 1.5 million cage-free hens and 300,000 pullets.
Construction will commence immediately with initial conversions expected in early 2021, first pullet placements by summer 2021 and the first layer house finished by fall 2021. Project completion is expected by...
Perspectives: Looking at Volatility in Natural Gas Markets with APPI Energy
ANALYSIS: Year-End Chicken Production Begins to Recede
This Week in Retail: Jingle Bells, December Sells
ANALYSIS: Tightening Supplies Lift Cash Cattle Prices
Rising Inflation, Relentless Pandemic Dampen U.S. Consumer Confidence