U.S. clears Smithfield's acquisition by China's Shuanghui

The U.S. Committee on Foreign Investment has cleared the way for Shuanghui International Holdings Ltd's proposed $4.7 billion acquisition of Smithfield Foods Inc, the companies said on Friday. FULL STORY »

Smithfield Foods profit falls on weak exports

Smithfield Foods Inc, the U.S. pork producer that has agreed to a $4.7 billion buyout by China's Shuanghui International Holdings, reported a 36 percent fall in quarterly profit, hurt by lower exports to key international markets such as Japan, China and Russia. FULL STORY »

Starboard lines up rival buyers for Smithfield Foods

Activist hedge fund Starboard Value LP said it is working with investors interested in paying "substantially" more for Smithfield Foods Inc than the price China's Shuanghui International Holdings Ltd had agreed to. FULL STORY »

Shuanghui secures $4 billion bank loan

This week Shuanghau International Holdings Inc. announced it has signed a $4 billion loan agreement from a consortium of eight banks, part of the financing the Chinese pork giant needs to acquire Smithfield Foods. FULL STORY »

DSM to host open house at Iowa premix plant

The DSM Nutritional Products Premix plant at 616 Dayton Avenue, Ames, IA will host an open house on Thursday, September 19, 2013 beginning at 10:00 am. The program, which includes lunch, will feature speakers on current animal nutrition topics as well as tours of the facility’s new packaging unit, control room/charging area and warehouse. FULL STORY »

John Deere introduces new feature in S-Series combine line-up Play video

The S-series combines are the most productive harvesting machines ever designed and built by John Deere. FULL STORY »

NUTRIQUEST welcomes new eastern region account manager

Scott Heintzelman, has joined NUTRIQUEST as account manager – eastern region. He will be responsible for creating and developing ongoing business relationships in that region. FULL STORY »

Murphy Brown, Cohoma Pork, High Plains Pork to buy AgFeed

Bankrupt pork producer AgFeed USA has agreed to sell its operations to three of its competitors. FULL STORY »

Molecular Advancement Center dedicated at Kemin

Plans to more than double its corporate headquarters in southeast Des Moines, Iowa, remain on track as Kemin exceeds growth estimates. FULL STORY »

DSM introduces recyclable packaging option

New low-density linear polyethylene (LDPE) bags are 100 percent recyclable and provide protection from air and sunlight. FULL STORY »

Hormel Foods profit misses estimates as pork costs rise

Hormel Foods Corp. reported a weaker-than-expected profit in the third quarter, hurt by higher pork and feed costs. FULL STORY »

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