Latest News Updates From Michael Hirtzer

BusinessTop 100

Tyson Earnings Top Estimates on Beef Demand

Tyson Foods Inc., the biggest U.S. meat company, reported better-than-expected fiscal second-quarter earnings and raised its sales forecast as beef markets strengthen and the company increases prices to pass through higher costs.

May 10, 2021
GovernmentBusinessLogistics

Top Pork Producer Smithfield Makes Room in Freezers for Vaccine

Smithfield Foods Inc., the world鈥檚 biggest pork producer, is willing to share space in its ultra-low-temperature freezers to store COVID-19 vaccines, the company said Dec. 3 in an emailed statement.

December 3, 2020
GovernmentBusinessSafetyLogistics

China鈥檚 Meat Testing Threatens to Derail US Pork Exports

China鈥檚 move to test imported meat for the novel coronavirus is threatening to derail trade with the world鈥檚 largest pork consumer, hurting American farmers who had seen shipments boom.

June 17, 2020
GovernmentBusinessLogistics

As China Halts US Soy Purchases, 鈥楿nknown鈥 Buyers Step Up

While China announced it has halted imports of American soybeans, a mysterious buyer has stepped up. The U.S. Department of Agriculture announced Aug. 7 a sale of 165,000 metric tons of the oilseed to 鈥渦nknown destinations.鈥

August 7, 2019
BusinessLogistics

Corn in Recovery Mode With Summer Weather Here

After a cold, soggy start to the season, it鈥檚 finally feeling like summer in the Midwest, and corn fields are recovering. A turn toward warmer weather should be beneficial for the battered crop, and government data signal that conditions are starting to bottom out.

July 9, 2019
GovernmentBusinessLogistics

Surging Corn Prices Put US Wheat Back in the Feed Trough

A looming shortfall in U.S. corn production after a historical spat of wet weather means wheat is back on the menu at cattle feedlots in the southern Plains.

June 26, 2019
GovernmentBusiness

Soybeans May Be Next Market to Surge as Wet Weather Drags On

Corn prices have been on an epic run. Now, soybeans could soon be catching up.

June 24, 2019
GovernmentBusinessLogistics

China Buys Most US Pork in Two Years as Futures Extend Rally

China, the world鈥檚 largest consumer of pork, made its biggest purchase of the meat from the U.S. in nearly two years as African swine fever reduces hog herds and drives up prices.

March 15, 2019