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Corporate market news for Jan 2005


ConAgra Redeems Shares

NEW YORK - Jan 3/05 - SNS -- ConAgra Foods Inc.'s finance subsidiary, ConAgra Capital, L.C., will redeem all 7 million of its Series B Adjustable Rate Cumulative Preferred Securities on Feb. 3, 2005. . . . Continue or visitors click here


USDA Names Cotton Board Members

WASHINGTON - Jan 4/05 - SNS -- The USDA appointed 18 members and 18 alternate members to the Cotton Board under terms of the Cotton Research and Promotion Act of 1966. Members of the board represent cotton producers, importers and consumers. . . . Continue or visitors click here


KCBT Sets Trading Record

KANSAS CITY - Jan 4/05 - SNS -- Wheat futures trading volumes on the Kansas City Board of Trade during 2004 ended the year at a record 2,883,370 contracts. . . . Continue or visitors click here


CBOT Sets Trading Record

CHICAGO - Jan 4/05 - SNS -- Annual trading volume on the Chicago Board of Trade (CBOT) jumped 32% to 599,994,386 contracts, making 2004 the third consecutive record-breaking year for the CBOT. In addition, average daily volume in 2004 was 2,371,519 contracts, up 31.5% from 1,803,931 contracts in 2003. . . . Continue or visitors click here


Heinz Appoints Acting General Counsel

NEW YORK - Jan 5/05 - SNS -- The H. J. Heinz Company appointed Theodore Bobby, Vice President, Legal Affairs, its Acting General Counsel, effective January 14, 2005. . . . Continue or visitors click here


Calavo Growers Posts Lower Profit

NEW YORK - Dec 5/04 - SNS -- Fourth quarter profits declined from last year, according to the latest quarterly report from Calavo Growers, Inc., even though sales were up a solid 3%. . . . Continue or visitors click here


Tyson Suspending Some Beef Operations

NEW YORK - Jan 6/05 - SNS -- Poor operating margins have prompted Tyson Foods to temporarily suspend operations at four beef plants and the second shift at another. . . . Continue or visitors click here


UAP Reports Larger Q3 Loss

NEW YORK - Jan 10/04 - SNS -- UAP Holding Corp., a distributor of agricultural and non-crop inputs in the United States and Canada reported larger net loss during the third quarter ending November 28, 2004 than was the case the previous year. . . . Continue or visitors click here


Kraft Realigns Reporting Divisions

NEW YORK - Jan 10/05 - SNS -- Kraft Foods Inc. has realigned the financial reporting structure for its North American businesses following its agreement to sell its sugar confectionery brands. . . . Continue or visitors click here


Cargill Net Earnings Double

NEW YORK - Jan 11/05 - SNS -- Cargill reported net earnings of $1,012 million for the second quarter ending November 30 of its 2005 fiscal year, nearly double the $518 million reported during the same quarter the previous fiscal year. . . . Continue or visitors click here


West Coast Reduction Enters Biodiesel

TORONTO - Jan 11/05 - SNS -- British Columbia's West Coast Reduction Ltd. (WCRL) is entering the biodiesel distribution business and considering construction of a plant in western Canada, says Ridley Bestwick, WCRL's CIO. . . . Continue or visitors click here


Del Monte Tenders for Notes

NEW YORK - Jan 11/045 - SNS -- Del Monte Corporation has commenced a cash tender offer and consent solicitation for any and all of its $300 million aggregate principal amount of 9 1/4% Senior Subordinated Notes due 2011. . . . Continue or visitors click here


Chiquita Secures Credit Facility

NEW YORK - Jan 11/05 - SNS -- Chiquita Brands International, Inc. secured a new five-year $150 million secured revolving credit facility, with Wells Fargo Bank as co-lead arranger and administrative agent and Wachovia Securities as co-lead arranger andsyndication agent. . . . Continue or visitors click here


Vandenberg Named Top Pulse Promoter

SASKATOON - Jan 11/05 - SNS -- The University of Saskatchewan's Dr. Bert Vandenberg was named the pulse industry's top promoter of 2004 at Pulse Days 2005. . . . Continue or visitors click here


Ontario Wheat Board Hires Devitt

GUELPH - Jan 11/05 - SNS -- The Ontario Wheat Producers' Marketing Board (OWPMB) hired Crosby Devitt for the new position of Manager of Research and Innovation. . . . Continue or visitors click here


Del Monet Considers Note Offering

NEW YORK - Jan 13/05 - SNS -- Del Monte Corporation is considering a private placement of senior subordinated notes. . . . Continue or visitors click here


ADM Milling Names Urquhart VP-Sales

NEW YORK - Jan 13/05 - SNS -- ADM Milling Company has named Loren Urquhart its new Vice President-Sales, replacing Mike Marsh who will retire from ADM Milling at the end of February. . . . Continue or visitors click here


Maple Leaf Buys Canada Bread Shares

TORONTO - Jan 13/05 - SNS -- Maple Leaf Foods purchased 66,900 common shares of Canada Bread Company, Limited, increasing its ownership to 22,078,415 common shares representing approximately 86.9% of the outstanding common shares of Canada Bread. . . . Continue or visitors click here


USDA Names Popcorn Board Members

WASHINGTON - Jan 13/05 - SNS -- The USDA appointed one member and reappointed two others to serve on the Popcorn Board. . . . Continue or visitors click here


USDA Names Potato Board Member

WASHINGTON - Jan 13/05 - SNS -- The USDA appointed a new public member to serve on the U.S. Department of Agriculture's National Potato Promotion Board. . . . Continue or visitors click here


USDA Offers Quality Management Training

WASHINGTON - Jan 13/05 - SNS -- The USDA's Grain Inspection, Packers and Stockyards Administration Agricultural Marketing Service are offering a training session called "Creating and Documenting a Quality Management System." . . . Continue or visitors click here


USDA Names Mushroom Board Member

WASHINGTON - Jan 13/05 - SNS -- The USDA appointed one member and reappointed two others to serve on the Mushroom Council. . . . Continue or visitors click here


KCBT Clearing Corp. Names President

KANSAS CITY - Jan 13/05 - SNS -- Jeffrey W. Voge was elected president of the Kansas City Board of Trade Clearing Corp., a wholly owned subsidiary of the Kansas City Board of Trade. . . . Continue or visitors click here


KCBT Elects Board Members

KANSAS CITY - Jan 13/05 - SNS -- Greg O'Brien has been elected chairman of the Kansas City Board of Trade (KCBT), after serving as first vice chairman in 2004 and as second vice chairman in 2003. . . . Continue or visitors click here


Rogers Sugar Fund Payout

TORONTO - Jan 14/05 - SNS -- Rogers Sugar Income Fund announced its monthly distribution of CDN $0.0334 per trust unit to be paid to Unitholders of record on January 31, 2005, payable on or before February 28, 2005. . . . Continue or visitors click here


Smucker Sells Foodservice and Bakery Businesses

NEW YORK - Jan 14/05 - SNS -- The J. M. Smucker Company will sell its U.S. foodservice and bakery products businesses, as well as its Canadian locations operated under the Gourmet Baker name to Value Creation Partners Inc. of Columbus, Ohio, subject toregulatory approval. . . . Continue or visitors click here


Down Wins Patent Fight With Cargill

NEW YORK - Jan 14/05 - SNS -- Dow AgroSciences LLC won a patent dispute with Cargill Inc. over the invention of a canola oil which contains no trans-fatty acids and extremely low levels of saturated fats. . . . Continue or visitors click here


Farmers Coffee Names Board Member

NEW YORK - Jan 14/05 - SNS -- The institutional coffee roaster, Farmer Bros. Co. appointed Carol Farmer Waite to its Board of Directors. . . . Continue or visitors click here


Organic Standards Board Members Named

WASHINGTON - Jan 17/05 - SNS -- The USDA named five new members to the National Organic Standards Board. . . . Continue or visitors click here


CEO Brabeck-Letmathe Named Nestle Chairman

LONDON - Jan 18.05 - SNS -- Nestlé S.A. has named CEO Peter Brabeck-Letmathe its new board Chairman effective with the April 14 mandatory retirement of Rainer E. Gut. . . . Continue or visitors click here


Russian Crushing Plant Expands

KIEV - Jan 18/05 - APK -- Vegetable oil extraction facilities operated by "Yug Rusi" in Rostov-on-Don will be expanded with the addition of a new oilseed crushing operation, the company's spokesman said to APK-Inform. . . . Continue or visitors click here


Chiquita Farms Certified to Labor Standard

NEW YORK - Jan 18/05 - SNS -- Chiquita Brands International, Inc.'s banana farms in Guatemala and Honduras have been certified by independent auditors as being in compliance with the Social Accountability 8000 labor and human rights standard. . . . Continue or visitors click here


Pulse Crop Lab Gets Federal Grant

SASKATOON - Jan 18/05 - SNS -- The Canadian government is giving the University of Saskatchewan $750,000 to help construct the university's new $3-million pulse crop research lab. The money will be directed through Western Economic Diversification Canada. . . . Continue or visitors click here


Cargill Buys Out Dow in Joint Venture

NEW YORK - Jan 20/05 - SNS -- Cargill Inc. is assuming full control of Cargill Dow LLC, buying out The Dow Chemical Company's 50% interest in the venture, created in 1997 to commercialize polylactic acid biopolymers . . . Continue or visitors click here


Smucker Declares Dividend

NEW YORK - Jan 20/05 - SNS -- The J. M. Smucker Company declared a $0.25 per share dividend on common shares. . . . Continue or visitors click here


Monsanto to Buy Seminis Inc.

NEW YORK - Jan 24/05 - SNS -- Monsanto Company will pay U.S. $1.4 billion to purchase Seminis, Inc., as well as assume the company's debt and make a performance payment of up to $125 million by the end of fiscal year 2007. . . . Continue or visitors click here


Pilgrim's Pride Net Income Jumps

NEW YORK - Jan 24/05 - SNS -- Pilgrim's Pride Corporation recorded a record net income of $48.5 million for the first fiscal quarter ended January 1, 2005, up from $10.3 million in the first quarter of fiscal 2004. . . . Continue or visitors click here


Cargill Expands German Oilseed Plants

NEW YORK - Jan 24/05 - SNS -- Cargill is increasing the capacity of its German oilseed crushing facilities in Salzgitter, Mainz and Riesa by 50% to approximately 1.5 million metric tons (MT). . . . Continue or visitors click here


SWP Delays Class B Annual Meeting

TORONTO - Jan 24/05 - SNS -- The Saskatchewan Wheat Pool (SWP) will postpone its Annual General Meeting with its Class B Non-voting Shareholders scheduled for January 27, 2005. . . . Continue or visitors click here


Cargill Building Oil Plant in Russia

NEW YORK - Jan 24/05 - SNS -- Cargill has begun the construction of its first vegetable oil refinery in Russia, at its existing industrial complex in Efremov, Russia. . . . Continue or visitors click here


Sara Lee Profits Rise

NEW YORK - Jan 25/05 - SNS -- Sara Lee Corporation today reported a net income of U.S. $326 on sales of $5,199 million during the second quarter ending January 1, 2005. . . . Continue or visitors click here


Del Monte Issues Notes

NEW YORK - Jan 25/05 - SNS -- Del Monte Foods Company is making a private placement offering of $250,000,000 in aggregate principal amount of senior subordinated notes. . . . Continue or visitors click here


CPI Fourth Quarter Net Results Dip

NEW YORK - Jan 25/05 - SNS -- Corn Products International, Inc. (CPI) reported a net income of $14 million during the fourth quarter ending December 31, down from $24 million during the same quarter last year. Net sales were up, however, rising from $542 to $574 million. . . . Continue or visitors click here


McCormick Reports Modest Profit Gain

NEW YORK - Jan 26/05 - SNS -- McCormick & Company, Incorporated reported a net income of U.S. $87.4 million on net sales volume of $744.1 million during the company's fourth quarter ending November 30, 2004. . . . Continue or visitors click here


American Pasta Profits Down

NEW YORK - Jan 26/05 - SNS -- American Italian Pasta Company reported net earnings for the first quarter ending December 31, 2004 of $2.1 million, down from $8.1 million during the same quarter last year. . . . Continue or visitors click here


Cargill Expands Polyol Facilities

NEW YORK - Jan 26/05 - SNS -- Cargill and Cerestar Food & Pharma Specialties have expanded manufacturing capacity at plants in Blair, Neb.; Krefeld, Germany; and Castelmassa, Italy for the production of specialty polyols for the food and pharmaceuticalindustries. . . . Continue or visitors click here


Del Monte Prices Notes Offering

NEW YORK - Jan 26/05 - SNS -- Del Monte Foods Company priced a private placement offering of $250,000,000 in aggregate principal amount of senior subordinated notes (the "New Notes"). . . . Continue or visitors click here


CN Rail Profits

TORONTO - Jan 26/05 - SNS -- CN reported a fourth quarter net income of CDN $376 million, or $1.29 per diluted share on revenues of $1,736 million; compared to a net of $224 million, or 78 cents per diluted share the previous fiscal year. . . . Continue or visitors click here


CBOT Wheat Futures Record

CHICAGO - Jan 26/05 - SNS -- The Chicago Board of Trade (CBOT) established a new open interest record for wheat futures of 207,558 contracts. . . . Continue or visitors click here


Hershey Earnings Jump

NEW YORK - Jan 26/05 - SNS -- Hershey Foods Corp. reported earnings of $170.3 million, or 68 cents a share, on net sales of $1,267 million during the last three months of 2004. . . . Continue or visitors click here


Pilgrim's Pride Dividend

NEW YORK - Jan 27/05 - SNS -- Pilgrim's Pride Corporation declared a quarterly dividend of 1.5 cents per share. . . . Continue or visitors click here


Dean Foods Spins Off Division

NEW YORK - Jan 27/05 - SNS -- Dean Foods Company plans to spin-off of its Specialty Foods Group business to Dean shareholders, with Sam Reed, former CEO of Keebler Foods Company, tapped to lead the new company. . . . Continue or visitors click here


PotashCorp Profits Soar

TORONTO - Jan 27/05 - SNS -- Potash Corporation of Saskatchewan Inc. declared a fourth-quarter net income of $100.6 million on sales of $866.6 million, compared to net earnings of $26.5 million on sales of $717.6 million during the same quarter the previous fiscal year. . . . Continue or visitors click here


USDA Names Cotton Board Members

WASHINGTON - Jan 27/05 - SNS -- WASHINGTON, Jan. 26, 2005 -- The USDA named 24 members and 11 alternate members to the Advisory Committee on Universal Cotton Standards, which was re-established by a charter issued on August 6, 2004. . . . Continue or visitors click here


USDA Names Peanut Board Members

WASHINGTON - Jan 27/05 - SNS -- WASHINGTON, Jan. 26, 2005 -- The USDA reappointed one member of the National Peanut Board, appointed a new member and named another as an alternate. . . . Continue or visitors click here


General Mills New Granola Bars

NEW YORK - Jan 27/05 - SNS -- General Mills unveiled a new granola bar, called Nature Valley Sweet & Salty Nut Granola Bars; and which will initially be available in peanut and almond flavors. . . . Continue or visitors click here


KCBT Names Outside Directors

KANSAS CITY - Jan 27/05 - SNS -- The Kansas City Board of Trade re-elected Michael Braude and Barry L. Flinchbaugh as outside directors for 2005. . . . Continue or visitors click here


Big Sky Finishers Declares Dividend

SASKATOON - Jan 27/05 - SNS -- Big Sky Finishers (No. 1) Inc. declared a cash dividend of 25 cents per share to first preferred shareholders of record to be paid January 28. . . . Continue or visitors click here


ND Grain Dealers Officers Elected

FARGO - Jan 28/05 - SNS -- Delegates attending this year's North Dakota Grain Dealers Association convention elected officers for the coming year. . . . Continue or visitors click here


ADM Net Earnings Soar 42%

NEW YORK - Jan 28/05 - SNS -- Archer Daniels Midland (ADM) reported a 42% increase in net earnings for the second quarter ending December 31, but a 2% decline in segment operating profit from the same quarter last year. . . . Continue or visitors click here


Kellogg Net Up 13% in Fiscal 2004

NEW YORK - Jan 31/05 - SNS -- Kellogg Company reported a modest decline in net earnings during the fourth quarter of the 2004 fiscal year. . . . Continue or visitors click here


YOCREAM Declares Weaker 2004 Result

NEW YORK - Jan 31/05 - SNS -- YOCREAM International, Inc. reported a net income of U.S. $71,569 on sales of $5,059,649 during the fourth quarter ending October 31, 2004. . . . Continue or visitors click here


Tyson Net Result Narrows

NEW YORK - Jan 31/05 - SNS -- Tyson Foods, Inc. reported a net income of U.S. $129 million on sales of $6.452 million during the first quarter of the 2005 fiscal year ending January 1. . . . Continue or visitors click here


Tyson To Open Case Ready Plant in Texas

NEW YORK - Jan 31/05 - SNS -- Tyson Foods will spend $100 million to renovate the former Oscar Mayer plant in Sherman, Texas to transform it into the company's largest case ready meat plant. . . . Continue or visitors click here


Canada Puts Timber Money in Slaughterhouse

OTTAWA - Jan 31/05 - SNS -- The Canadian government is spending $50,000 from the Softwood Industry and Community Economic Adjustment Initiative (SICEAI) on a livestock project in Quebec. . . . Continue or visitors click here



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2005:Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |


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