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Tuesday, November 11,2008

TYSON FOURTH QTR PROFIT UP 50 PERCENT

by WLJ
Tyson Foods Inc. reported a 50 percent increase in fiscal fourth-quarter net income as strength in the company’s beef and pork segments more than offset losses from the poultry business.

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Tuesday, November 11,2008

JBS REPORTS THIRD QUARTER EARNINGS

by WLJ
JBS S.A. recently reported a giant boost in earnings during the company’s fiscal third quarter, citing the depreciation of the Brazilian real against the dollar and rising exports. For the quarter ended Sept. 30, the Sao Paulo-based beef producer said it netted a profit of $318 million, compared with a loss of $36.9 million in the same period a year earlier. Earnings before interest, taxes, depreciation and amortization rose to $221.9 million, up from $82.5 million a year earlier.

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Tuesday, November 11,2008

KOREA REFUSES TO RENEGOTIATE BEEF TRADE TERMS

by WLJ
Less than a week after the U.S. elections, South Korea is taking preemptive steps to stop any possibility of renegotiating the terms of the free trade agreement, including beef trade between the two countries.

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Tuesday, November 11,2008

FARM BUREAU URGES CHANGE IN TRADE NEGOTIATIONS

by WLJ
The American Farm Bureau Federation today said a new approach is needed in world trade talks, citing the stalled Doha round of negotiations. AFBF President Bob Stallman said his organization will shortly begin discussions with domestic and international business and trade leaders in an effort to find a new way to move forward.

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