AMI 2010 Meat & Poultry Facts Now Available

December 13, 2010 American Meat Institute

The 2010 edition of AMI’s Meat and Poultry Facts, the industry’s leading statistical book, is now available.

Meat Inflation Picking Up

December 10, 2010 Staff Reporter, Benzinga

Thankfully there continues to be no inflation ex-energy, ex-food, ex-tuition, ex-healthcare, ex-everything not housing or electronics. Smithfield Foods (SFD) the largest hog producer in the U.S. reported a standout quarter – I am shocked they are able to pass along the price increases. (perhaps the record federal subsidy into the food stamp program is helping producers push along costs without pushback – not sure)

Cargill Invests $8 Million In Fresno Beef Facility

December 10, 2010 Cargill

Cargill invested $8 million at its Fresno beef production facility for recently completed projects to expand its already extensive food safety efforts, and to renovate and expand some packaging lines.

Kansas Lottery Partnering With Munson Premium Angus Beef On Scratch Game

December 10, 2010 Kansas Lottery

The Kansas Lottery is proud to announce a new partnership with Munson Premium Angus Beef in Junction City and the launch of a new $2 instant scratch game. The Lotterys new Beef & Bucks instant scratch game not only offers players a chance to win money, but also a chance to win a product that is synonymous with Kansas great beef. Beef & Bucks tickets go on sale at Kansas Lottery retailers statewide starting this week.

Pilgrim’s Pride Announces Pricing Of $500 Million Of Senior Unsecured Notes Due 2018

December 10, 2010 Pilgrim's Pride Corporation

Pilgrim’s Pride Corporation today announced that it has priced its private offering of $500 million aggregate principal amount of senior unsecured notes due 2018 (“the Notes”). The $500 million aggregate principal amount of the Notes is an increase from the $350 million offering amount previously announced by Pilgrim’s Pride. The Notes will bear interest at a rate of 7.875% per year, payable semi-annually in arrears on December 15 and June 15 of each year, beginning on June 15, 2011.