The article highlighted the actions of three processors specifically. Tyson Foods is developing plastics, adhesives and non-woven materials from keratin found in feathers, with the hopes that diapers and hospital gowns can be made from the material. Perdue Farms collects its poultry litter and converts it into organic fertilizer pellets. Maple Leaf Foods operates a biodiesel plant near Montreal and uses a portion of the fuel produced to run its own trucks.
A spokesperson for People for the Ethical Treatment of Animals, though, argued that rendered materials can spread diseases. "The last thing we need in this country is another use for the bodies of animals," said Kathy Guillermo, vice president of laboratory investigations.
To read the article in its entirety, go to http://www.usatoday.com/money/industries/2009-11-23-parts_N.htm.
Source: USA Today
Hormel reports Q4, year-end results
For the year, Hormel reported the following results for its various divisions:
Grocery Products operating profit up 9 percent; volume down 3 percent; dollar sales down 2 percent
Refrigerated Foods operating profit up 7 percent; volume down 1 percent; dollar sales down 2 percent
Jennie-O Turkey Store operating profit up 11 percent; volume down 3 percent; dollar sales down 3 percent
Specialty Foods operating profit down 2 percent; volume down 9 percent (down 12 percent excluding acquisitions); dollar sales down 9 percent (down 11 percent excluding acquisitions)
All Other operating profit up 2 percent; volume up 2 percent; dollar sales down 2 percent
“We are pleased to report an excellent finish to fiscal 2009. All five business segments contributed to our third consecutive strong quarter, generating a 54 percent increase in EPS and a 17 percent increase in segment operating profit. We are happy to get back on track with our long-term record of earnings growth after a challenging year in 2008,” said Jeffrey M. Ettinger, chairman of the board, president and CEO.
“Having returned to more normal earnings growth levels this year, we are confident in our ability to continue to enhance our bottom line. We intend to tackle the challenge of a continued weak economy and reduced consumer spending, and expect to restore top-line growth on an annualized basis in 2010. After assessing the important factors affecting our business for the upcoming year, we are setting our fiscal 2010 guidance range at $2.63 to $2.73 per share,” stated Ettinger.
Source: Hormel Foods Corp.
Indiana poultry industry donates 145,000 pounds of foodChicago Tribune
The companies involved in the donation were: Berne Hi-Way Hatchery, Creighton Brothers, Culver Duck, Farbest Foods, Hy-Line, North America, Maple Leaf Farms, Perdue Foods, Miller Poultry, Rose Acre Farms, Tyson Foods, Wabash Valley Produce and Chore-Time Equipment.
Source: Chicago Tribune
Togo's offers smaller versions of sandwich favorites
"Our new Mini Classics offer our most popular classic sandwiches perfectly portioned and perfectly priced," said Tony Gioia, Togo's chairman and CEO. Headquartered in San Jose, California, Togo's has 242 franchised locations across the West Coast.
Source: Togo's Eateries Inc.