The nation’s largest pork producer, Smithfield Foods Inc., said Tuesday it posted a bigger first-quarter loss as one-time charges and lower domestic hog prices hurt results, despite curtailed production.
Inspection reports from a Nestle USA cookie dough factory released Friday show the company refused several times to provide Food and Drug Administration inspectors with complaint logs, pest-control records and other information.
A rise in speculative trading in wheat futures has artificially inflated their prices, making it harder for farmers and grain processors to hedge against risk. That can mean higher prices for consumers, according to a yearlong investigation by a Senate panel.
By Marcy Gordon, The Associated Press
June 24, 2009
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