Monthly Archives: May 2013
Monthly Archives: May 2013

NCDA&CS to treat gypsy moth infestations in Caswell, Currituck and Rockingham counties

The N.C. Department of Agriculture and Consumer Services will soon treat a localized gypsy moth infestation in Caswell, Currituck and Rockingham counties in cooperation with the U.S. Forest Service and the Gypsy Moth Slow the Spread Foundation Inc. The treatments …

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Market Summary: NC Egg Market Holding Steady

At the weekly livestock auction held Tuesday at Mount Airy a total of 282 cattle and 47 goats were sold. Slaughter cows trended $0.50 to $3.00 higher, feeder steers had no available trend, and heifers trended $1.00 to $6.00 lower …

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Market Recap: Hog Futures Bounce on Smithfield Foods Merger Announcement

U.S. hog futures settled mostly higher, after Chinese meat producer Shuanghui International Holdings Ltd. offered to buy Smithfield Foods Inc. (SFD) in an announcement made earlier Wednesday. Analysts said they expect the Smithfield takeover could improve exports to China later …

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No Smithfield Plant Closings Due to Merger

Smithfield Foods and Shuanghui International Holdings Limited today announced that they have entered into a definitive merger agreement that values Smithfield at approximately $7.1 billion, including the assumption of Smithfield's net debt. Smithfield will become a private company. Current leadership …

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South Carolina Producers about Two Weeks Behind Normal Pace

Not too long ago, over half of South Carolina was at minimum in abnormally dry conditions…now, less than three percent of the state is showing any sign of drought. Needless to say, the only way for that situation to change …

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Smithfield Foods to Sell to Chinese Conglomerate

Early Wednesday morning Smithfield Foods announced they’d completed a definitive merger agreement with a large Chinese conglomerate Shuanghui International Holdings Limited. The agreement values Smithfield at approximately $7.1 billion dollars including the assumption of Smithfield’s net debt. Shuanghui International is …

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NC State Economist Dr. Mike Walden – Is the National Debt a Problem Today?

With the big jump in the national debt in recent years, some observers were surprised that both President Obama and House Speaker Boehner have said that the debt is a problem not for now but it could be in the …

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N.C. State Researchers Create Fruit, Vegetable-Infused Ingredients For U.S. Army Rations

North Carolina State University has gained support from the U.S. Army to create functional food ingredients from fruits and vegetables that will be used to develop healthier, more portable combat rations for soldiers. Researchers with N.C. State’s Plants for Human …

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Hurricane forecast: Another busy Atlantic season

Federal forecasters are predicting yet another busy hurricane season. Thursday's outlook calls for 13 to 20 named storms, 7 to 11 that strengthen into hurricanes and 3 to 6 that become major hurricanes. The prediction by the National Oceanic and …

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Smithfield Foods Announces Merger with Chinese Conglomorate

Smithfield Foods and Shuanghui International Holdings Limited today announced that they have entered into a definitive merger agreement that values Smithfield at approximately $7.1 billion, including the assumption of Smithfield's net debt. Shuanghui International is the majority shareholder of Henan …

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