Saputo’s products, which include the Dairyland and Armstrong brands, saw first quarter revenue climb nine percent to $2.7 billion, but profits fell 10 percent.  |  William DeKay photo

Dairy processor Saputo eyes Brazil for acquisitions

(Reuters) — Saputo Inc., one of Canada’s largest dairy processors, has an eye on Brazil for possible acquisitions, and could make deals worth as much as $3.5 billion, its chief executive officer said. The struggling global dairy industry is fragmented, potentially yielding opportunities, Chief Executive Officer Lino Saputo Jr. said. The company would like to […] Read more

Hog barn building binge may lower prices

Cheap feed and strong pork demand encouraged farmers in Iowa to build 280 barns last year, up more than 60 percent

CHICAGO, Ill. (Reuters) — U.S. farmers have ramped up construction of hog barns as they take advantage of cheap feed and strong demand for pork. Some are also looking to add space for the heavier pigs currently favored by customers and to cater for extra piglets as sows become more fertile, experts said. However, hog […] Read more