Feedstuffs articles from January 2004

Feedstuffs archives from January 2004

USDA, FDA continue BSE investigation; inquiry includes Alberta farm, herdmates.
January 5, 2004... WASHINGTON, D.C. -- The U.S. Department of Agriculture and Food & Drug Administration investigators continue their far-reaching efforts to determine the cause of the bovine spongiform encephalopathy (BSE) infection in a Holstein cow that is now...

Policy changes to protect public, animal well-being.
January 5, 2004... WASHINGTON, D.C. -- Agriculture Secretary Ann Veneman announced sweeping animal health and food safety policy changes, including a federal ban on meat from downer animals, during an announcement made a week to the day after the first case of...

Beef demand holding up on 'convincing messages'.
January 5, 2004... Moody's Investors Service has placed certain credit ratings of each of the five major beef packers under review for possible downgrade based on "significant uncertainty" surrounding their future operating performance following the discovery of...

Markets make adjustment, trade on fundamentals.
January 5, 2004... After a remarkably short casualty period, the cattle markets made the adjustment to bovine spongiform encephalopathy (BSE) last week and moved on with business, trading fundamentals rather than mad cows. "You could hear a collective sigh of...

World Bank provides review, lessons from NAFTA on 10-year anniversary.(World View)
January 5, 2004... The North American Free Trade Agreement (NAFTA), which reached its 10-year anniversary Jan. 1, has spurred economic development in Mexico, but is not enough to achieve economic convergence with Canada and the U.S. even in the king run without...

BSE offers much to think about.(Inside Washington)
January 5, 2004... WASHINGTON, D.C. -- Here are some interesting--and very unrelated--things to think about as you progress through the maze of information surrounding the diagnosis of the first case of bovine spongiform encephalopathy (BSE) in the U.S. One...

FDA undecided on changes to feed rule.
January 5, 2004... WASHINGTON, D.C. -- The Food & Drug Administration has not yet decided what action it will take on five changes it has under consideration to strengthen the 1997 feed rule that banned feeding mammalian protein to ruminants, FDA Deputy...

Swift to use retinal technology for identification.
January 5, 2004... Swift & Co., the number-three beef company in the U.S., announced last week that it will expand its "Swift Trace" beef traceability program, which can trace beef back to feedlots on which cattle delivering the beef were finished, to phase two...

Industry reacts to announced BSE policy changes.
January 5, 2004... WASHINGTON, D.C. -- The sweeping bovine spongiform encephalopathy (BSE) policy changes Agriculture Secretary Ann Veneman announced Dec. 30 apparently caught much of the livestock industry off guard, but in light of the BSE case in Washington...

NRC releases review of Mississippi River improvement project.
January 5, 2004... The National Academies of Science's National Research Council (NRC) released Dec. 11 a letter report on its initial findings in its review of the U.S. Army Corps of Engineers study of navigation efficiency and ecosystem restoration of the Upper...

Robert Jordan.(Obituary)(University of Minnesota)(Obituary)
January 5, 2004... ST. PAUL, MINN. -- Dr. Robert Jordan, 83, professor emeritus of the University of Minnesota, passed away Dec. 19 at his home near Stillwater, Minn. Jordan was internationally known for his research work and expertise in the feeding of...

ConAgra now 'strategically reshaped'.(Financial Reports)
January 5, 2004... OMAHA, NEB. -- ConAgra Foods Inc. has reported increased earnings for its fiscal 2004 second quarter and six months and lower sales for the two reporting segments, attributing results to completion of a multi-year program to divest non-core...

Embrex reports progress in several areas.(Financial Reports)
January 5, 2004... RESEARCH TRIANGLE PARK, N.C. -- Embrex Inc. has reported increased earnings for its third period on slightly decreased revenues and increased earnings and revenues for its three quarters. The company acknowledged a challenging period in which...

eMerge reports increasing interest in products.(Financial Report)
January 5, 2004... SEBASTIAN, FLA. -- eMerge Interactive Inc. has reported significantly improved results for its third period and three quarters, crediting increasing market acceptance of the company's products and services in both the U.S. and worldwide. ...

Parmalat faces criminal charges in Europe, U.S.(Business Report)
January 5, 2004... International dairy giant Parmalal continued to implode last week as increasingly more revelations came into light regarding failed fiduciary responsibilities, both European and U.S. authorities filed charges of financial misdeeds and Italian...

Horizon stockholders okay merger with Dean.(Business Report)
January 5, 2004... Stockholders at Horizon Organic Holding Corp., the largest marketer of organic dairy products in the U.S., have approved a full merger with Dean Foods Co., according to an announcement. The merger, in which Dean would acquire the 87% of...

Stock summary.(Business Report)(Illustration)
January 5, 2004... STOCK SUMMARY This Last Week Week Year Dec. 30 Dec. 23 Ago Feedstuffs-Nelson Stock Indexes Agribusiness 104.9 104.8...

U.S. dollar equivalencies, Dec. 30.(Business Report)(Illustration)
January 5, 2004... U.S. DOLLAR EQUIVALENCIES, DEC. 30 Australian dollar 0.75060 Brazilian real 0.34542 British pound 1.79100 Canadian dollar 0.77471 Chinese yuan 0.12082 Euro 1.26160 Japanese yen ...

Tyson sells DFG Foods unit.(Business Report)(Saveur Food Group L.L.C.)
January 5, 2004... CHICAGO, ILL. -- Saveur Food Group LLC has reported the acquisition of DFG Foods, the appetizer/hors d'oeuvres business of Tyson Foods Inc. Terms of the acquisition were not released DFG is the leading manufacturer of frozen hors d'oeuvres...

Fleming files reorganization plan, to emerge as convenience business.(Business Report)
January 5, 2004... Fleming Companies Inc. has reported that the company has filed its reorganization statement with a bankruptcy court in Delaware in which Fleming would emerge from protection and restructure around its convenience store business as a distributor...

Monsanto, Oakhurst reach agreement on milk labeling, language dispute.
January 5, 2004... Oakhurst Dairy Inc. and Monsanto Co. announced that they have signed an agreement that resolves their dispute over labeling and language regarding artificial growth hormone given to dairy cows. Monsanto had filed a civil suit in the Federal...

Cobb Europe.(Names In The News)
January 5, 2004... COBB EUROPE, Putten, the Netherlands--Brian Cosgriff has been appointed general manager. Cosgriff will be responsible for leading the management team from the division's headquarters at Putten.

Newport Laboratories.(Names In The News)
January 5, 2004... NEWPORT LABORATORIES, Worthington, Minn. -- George Caraway has been named director of marketing for the Prairie Holdings Group. Caraway was most recently vice president of sales and marketing. Randal Shirbroun has been promoted to sales...

Trouw Nutrition USA.(Names In The News)
January 5, 2004... TROUW NUTRITION USA, Highland, Ill. -- Paul Ermer has joined the company as nutritional services manager. Ermer will be based in Highland. He was previously with Bell Farms.

South Dakota State University.(Names In The News)
January 5, 2004... SOUTH DAKOTA STATE UNIVERSITY, Brookings, S.D.--Artur Rosa has been named assistant professor of animal breeding and genetics in the university's animal and range sciences department. Rosa was previously with the University of Sao Paulo.

Whiteshire-Hamroc.(Names In The News)
January 5, 2004... WHITESHIRE-HAMROC, Albion, Ind. -- Ray Gaskill has joined the company's marketing team. Gaskill will be providing services to clients in eastern Iowa, Minnesota, Wisconsin and Illinois.

Agricore approves stock consolidation.(Business Report)
January 5, 2004... The board of directors of Agricore United has approved a one-day share consolidation of its limited voting common shares that will result in shareholders who own less than 100 such shares receiving cash compensation, based on market prices and...

Wal-Mart makes offer to derail Safeway deal.(Business Report)
January 5, 2004... Wal-Mart Stores Inc., advised by British regulators that it cannot acquire Safeway PLC, the fourth-largest supermarket system in the U.K., has moved to prevent any interest from purchasing the company by offering to buy 70 of Safeway's stores,...

Producers urged to develop strategies for survival in consolidating industries.(Poultry)
January 5, 2004... All production lends to consolidate, and in any industry, there will be consolidated leadership and niche, or specialized, producers, but there will be no room in the middle for producers who do not consolidate or specialize, according to Dr....

Hybrid Turkeys begins 51st year.(Poultry)
January 5, 2004... Hybrid Turkeys celebrated its 50th anniversary last year, having been founded by Milo and Ross Shantz in 1953 as a turkey growing operation and having since then become one of the leading primary turkey genetics organizations in the world. ...

Aviagen introduces highest-yield chicken.(Poultry)
January 5, 2004... Aviagen has introduced a new breeder chicken, the Ross 708, describing it as "a robust female breeder" designed specifically for companies growing large chickens for the deboning and roaster markets, according to an announcement. Dr. Derek...

Most Americans celebrated New Year's Eve last week by staying home, and more than 1 million people ate pizza with their celebratory beverages, according to Domino's Pizza and Impulse Research.(Market Digest)
January 5, 2004... Most Americans celebrated New Year's Eve last week by staying home, and more than 1 million people ate pizza with their celebratory beverages, according to Domino's Pizza and Impulse Research. From an annual survey, Domino's and Impulse...

Most Americans made.(Market Digest)
January 5, 2004... Most Americans made New Year's Eve resolutions last week to go on or stay on more healthful diets, including high-protein/low-carbohydrate regimens, according to a survey conducted for the Grocery Manufacturers of America (GMA) by food trends...

The obesity "story".(Market Digest)
January 5, 2004... The obesity "story" topped a list of the biggest food news of the year as more than 1,400 food editors across the U.S. surveyed by Hunter Public Relations, which serves clients in the beverage and food industries, said issues related to the...

Sara Lee Corp. has introduced two new breads, Sara Lee Delightful wheat and white breads, that have 40% fewer carbs and 44% fewer calories than regular varieties, according to an announcement from the Sara Lee Bakery Group.(Market Digest)
January 5, 2004... Sara Lee Corp. has introduced two new breads, Sara Lee Delightful wheat and white breads, that have 40% fewer carbs and 44% fewer calories than regular varieties, according to an announcement from the Sara Lee Bakery Group. The launch will be...

An increasing number of consumers are eating fewer carbs and more protein by eating turkey for breakfast and snacks, according to a National Turkey Federation (NTF) online survey.(Market Digest)
January 5, 2004... An increasing number of consumers are eating fewer carbs and more protein by eating turkey for breakfast and snacks, according to a National Turkey Federation (NTF) online survey. NTF said 26% of respondents said they have turkey for breakfast,...

Eggs set for broilers and chicks placed in reporting states.(Illustration)
January 5, 2004... EGGS SET FOR BROILERS AND CHICKS PLACED IN REPORTING STATES Eggs set (thousands) STATE Nov. 29 Dec. 6 Dec 13 Dec. 20 Alabama 29,276 ...

Nutrition, genetics need to be balanced in broiler production.(Nutrition and Health/Poultry)
January 5, 2004... Broiler growers spend a good deal of time checking, fixing and adjusting feed lines to ensure broilers have a continuous supply of feed, but this requires ideal management practices coupled with a continuous supply of feed and water, according...

Researchers at the at the Ohio Agricultural Research & Development Center (OARDC) have found that infectious bursal disease virus (IBDV) not only suppresses the immune system of chickens.(Research Digest)
January 5, 2004... Researchers at the Ohio Agricultural Research & Development Center (OARDC) have found that infectious bursal disease virus (IBDV) not only suppresses the immune system of chickens, but also can increase the number of dangerous campylobacter...

Dow AgroSciences Canada Inc.(Research Digest)(Mannheimia haemolytica)
January 5, 2004... Dow AgroSciences Canada Inc. announced the signing of a research and licensing agreement with the University of Guelph, which is conducting research on a promising new vaccine to prevent Mannheimia haemolytica, a serious respiratory pathogen...

New research from Pioneer Hi-Bred International Inc. shows there are significant differences in feed energy levels between corn hybrids.(Research Digest)
January 5, 2004... New research from Pioneer Hi-Bred International Inc. shows there are significant differences in feed energy levels between corn hybrids. To help producers benefit from corn hybrids that provide above-average energy levels, Pioneer has...

Kansas State University researchers.(Research Digest)
January 5, 2004... Kansas State University researchers tracking fecal bacteria where cattle eat are reporting findings that could help producers maintain their herds' health and performance. A seven-month study indicates that after 60 days, fecal bacteria tends...

Research shows poultry meal may be variable among sources.(Bottom Line Of Nutrition/Poultry)
January 5, 2004... Poultry byproduct meal (PBM) is a popular source of protein for use in poultry feeds. PBM is also widely used in the pet food industry. The pet food industry has shown a willingness to pay a premium price for PBM that has a defined composition....

Enzymes may unlock hidden energy in laying hen diets.(Nutrition and Health/Poultry)
January 5, 2004... There's an opportunity to reduce feed costs of laying hen diets by supplementing feeds with an enzyme blend and reducing dietary energy by replacing some of the added fat with corn. This type of enzyme blend is particularly valuable during the...

L-threonine use in diets can lower total protein, costs.(Nutrition And Health/Poultry)
January 5, 2004... A summary of two trials demonstrated that supplementation of lowered-protein broiler diets with L-threonine resulted in similar performance, body mass, feed conversion ratios and carcass yields. Financial returns were greater for the...

Research examines ways to combat END.(Nutrition And Health/Poultry)
January 5, 2004... ATHENS, GA. -- A new approach to experimental vaccines that combat exotic Newcastle disease (END) in poultry flocks has been developed by U.S. Department of Agriculture scientists. END is a contagious and fatal viral disease that affects...

Indiana permit granted.(Swine Industry News)
January 5, 2004... Gary Weihs of Natural Pork Production II, a Harlan, Iowa, company, has obtained necessary permits to take over what was a controversial hog farm in Indiana. Weihs was granted necessary permits by the Indiana Department of Environmental...

Farm to close.(Swine Industry News)
January 5, 2004... A Bentley, Alb., hog farm, an 18,000-head facility known as Bacon Acres, is being sold by owner Dave Allan due to continued low hog prices in the region. Likely playing a factor in the sale is that about $1 million (Canadian) has been...

Newspaper series.(Swine Industry News)
January 5, 2004... The Fayetteville Observer recently ran a series of articles that focused on the pork business in North Carolina. The series of articles, which can be found at www.fayettevillenc.com, focused primarily on the 10 years since the opening of the...

Investigative series.(Swine Industry News)
January 5, 2004... Managing editor James M. Taylor has produced a series of articles for Environment & Climate News on hog farms and the environment. The series can be found on the Heartland Institute web site at www.heartland.org. In the December 2003 issue...

Policy, financing options for grain warehouse issue discussed.
January 5, 2004... Alternate policy and financing options under consideration by the U.S. Department of Agriculture and a joint Grain Warehouse Working Group for providing additional depositor and producer-grain payable protection under the federal grain...

Pearling barley.(Swine Industry News)
January 5, 2004... Research conducted at the University of Manitoba has shown it is possible to significantly reduce the mycotoxin contamination of barley resulting from fusarium refection by pearling the grain. Feed grain contaminated with fusarium...

County sign-up deadline.(Swine Industry News)
January 5, 2004... Counties in Iowa have until Jan. 31 to sign up to participate in the state's approval process for large confinement operations. "This is an opportunity for the counties to have input and some control on the type of structures proposed,"...

Manitoba pork lowers levies.(Swine Industry News)
January 5, 2004... The Manitoba Pork Council announced recently it is reducing producer levies and holding the line on its 2004 budget. Effective Jan. 1, the levy on market hogs and culled sows and boars will fall from 85 cents (Canadian) per head to 80 cents...

Biosecurity, other control options can counter threats of agroterrorism.(Facilities: grain * feed * animal production)
January 5, 2004... The terrorist attacks of Sept. 11, 2001, established a new era for emergency preparedness in the U.S. The recognition that terrorist activities can be accomplished by extremely low cost relative to their malignant impact should be reason for...

Scoular to expand grain facility in South Dakota.(Inside News)
January 5, 2004... OMAHA, NEB. -- The Scoular Co. has announced its plan to break ground in the spring of 2004 on its facility in Alpena, S.D., improving and expanding the facility to load shuttle trains of grain and oilseeds. Scoular has operated the Alpena...

Intrepid announces flagship biogas facility.(Inside News)
January 5, 2004... IDAHO FALLS, IDA. -- Intrepid Technology & Resources Inc., a renewable energy company, has announced completion of the preliminary phase of design of its "flagship" biogas production facility, an anaerobic digester project at a 4,000-cow dairy...

Great Lakes Ethanol makes plans to build ethanol plant.(Inside News)
January 5, 2004... ADRIAN, MICH. -- Great Lakes Ethanol LLC (GLE) announced Nov. 10 that it plans to build a 40 million to 50 million gallon per year ethanol plant in southeastern Michigan. GLE selected Delta-T Corp., based in Williamsburg, Va., together...

MGPI announces another expansion in Kansas facility.(Inside News)(MGP Ingredients Inc.)
January 5, 2004... ATCHISON, KAN. -- The board of directors of MGP Ingredients Inc. (MGPI) has approved plans for a $1.7 million expansion at the company's facility in Kansas City, Kan. The project is in addition to a $3.8 million expansion that was launched...

ASAE seeks reviewers for project.(Inside News)
January 5, 2004... ST. JOSEPH, MICH. -- The structures and environment division of the American Society of Agricultural Engineers (ASAE) is initiating development of several engineering standards on odor measurement and is inviting interested individuals,...

CFIA disallows inclusion of pet food in feeds.(Inside News)
January 5, 2004... In response to several inquiries regarding the use of pet food, including salvaged and distressed pet food, as an ingredient or component of livestock feeds, the Canadian Food Inspection Agency (CFIA) has issued the opinion that pet food is not...

Gainco agrees to manufacture, market kill line screening system.(Inside News)
January 5, 2004... ATLANTA, GA. -- Gainco Inc. has announced that it has reached an agreement with the Georgia Institute of Technology to manufacture and market the institute's newly developed kill line screening system. The poultry kill line screening system...

Facility brings state-of-the-art feed production to Saudi Arabia.(A Better Way)
January 5, 2004... A leading supplier of animal feeds in Saudi Arabia is Arasco, a company that has been operating a teed manufacturing plant for 20 years now in Al-Kharj, some 140 kilometers southeast of the capital Riyadh. Since its establishment, Arasco...

Study evaluates merits of using straw versus synthetic covers.(A Better Way)
January 5, 2004... LETHBRIDGE, ALB. -- The Alberta Agriculture, Food & Rural Development (AAFRD) AgTech Centre is working to identify under what conditions producers are better off choosing straw over synthetic lagoon covers. "Essentially, both straw and...

Firm provides treatment for processing waste.(A Better Way)(HydroFlo Inc.)
January 5, 2004... RALEIGH, N.C. -- HydroFlo Inc., based in Raleigh, has provided and operated equipment for treatment of rendering plant condensate at a prominent pork production facility in North Carolina. The equipment used by the company is typically for...

NCGA seeks distillers research proposals.(A Better Way)
January 5, 2004... The Co-Products Working Group, a collaboration of the National Corn Growers Assn. (NCGA) and the Renewable Fuels Assn. (RFA), is seeking innovative research proposals for novel approaches to remove phosphorus from distillers grains, solve...

All State Tank completes facility.(A Better Way)(All State Tank Manufacturing L.L.C.)
January 5, 2004... OVERLAND PARK, KAN. -- All State Tank Manufacturing LLC of Grove, Okla., has completed its new manufacturing facility and is now producing new flat seam panels for field assembled storage tanks and silos. The company's new flat seam design...

Louisville to host AETC.(A Better Way)
January 5, 2004... ST. JOSEPH, MICH. -- This year's Agriculture Equipment Technology Conference (AETC) will be held Feb. 8-10 at the Hyatt Louisville in Louisville, Ky. AETC brings together engineers, managers, researchers and other professionals in the...

Sweco offers mobile centrifuge trailers that provide on-site separation testing, production.(A Better Way)
January 5, 2004... FLORENCE, KY. -- Sweco, a world leader in separation technology, recently began offering on-site separation testing to companies. The service is provided using a trailer-mounted Sweco 518 Centrifuge that travels to a customer's location,...

Motion monitoring device.(New Equipment)(from Castell Interlocks)
January 5, 2004... Castell Interlocks, Erlanger, Ky., has developed a motion monitoring product for use with trapped-key access control systems. According to the company, the BEMF unit ensures that motor-driven equipment up to 600 volts with a variable run-down...

Extrusion automation.(New Equipment)(from Bachelor Controls Inc.)
January 5, 2004... Bachelor Controls Inc., Sabetha, Kan., has introduced BCI Autopilot v2.0. The new extrusion automation unit offers increased data management performance and operator flexibility with more scalability, new warm startup and barrel pre-warm modes...

Metal detection systems.(New Equipment)(Safeline Metal Detection Inc.)
January 5, 2004... Safeline Metal Detection of Tampa, Fla., has introduced a range of metal detection systems that meet the latest requirements of 3A Dairy Sanitary Standards and the U.S. Department of Agriculture. The detectors feature an automatic setup that...

Tailgate for dump trailers.(New Equipment)
January 5, 2004... East Manufacturing, Randolph, Ohio, has made available a new smooth-walled Genesis tailgate for its smooth-sided dump trailers. According to the company said it is much lighter than a traditional sheet and post design yet doesn't sacrifice...

Sifters.(New Equipment)(Great Western Manufacturing Company Inc.)
January 5, 2004... Great Western Manufacturing, Leavenworth, Kan., has announced the latest addition to its line of Pneumatic In-Line sifters, the QA24. The QA24 was developed for the quality assurance and hazard analysis and critical control points needs of...

Blinding control system.(New Equipment)(Rotex Inc.)
January 5, 2004... Rotex Inc. has developed Ultrasonex Blinding Control System as a solution for fine mesh screening. According to the company, the system allows for fine mesh screening, delivery of higher throughput, freer screen separation. consistent product...

Brooder.(Animal Production/Processing)(Gas Fired Products Inc.)
January 5, 2004... Space-Ray of Charlotte. N.C., has introduced a new direct spark ignition radiant gas brooder. Available in either a natural gas or propane gas model, the new 40,000 BTU per hour capacity Space-Ray DSI radiant gas brooder features a broad heat...

Reel mixer.(Animal Production/Processing)(Kuhn Knight Inc.)
January 5, 2004... Kuhn Knight Inc., Brodhead, Wis., has introduced the new 3100 series Reel Auggie and Commercial Reel Mixers. This new generation of reel mixers is now more specifically designed to meet the needs of beef and dairy producers across the country,...

Pullet feeder pans.(Animal Production/Processing)(Roxell USA)
January 5, 2004... Roxell USA will soon be unveiling a new feeding system for raising broiler breeders called Vitoo. The new feeder promotes uniform Iced distribution and is designed to optimize the feeding opportunities for starting day-old birds. It features a...

Cargill, Hatco break ground on ester plant.(Animal Production/Processing)(Innovatti-Industria e Comercio de Esteres Sinteticos Ltda.)(Cargill Agricola S.A.)(Kaufman Holdings)
January 5, 2004... MAIRINQUE, BRAZIL -- Cargill Agricola S.A. and Kaufman Holdings, parent company of Hatco Corp., announced the formation of a joint venture, Innovatti-Industria e Comercio de Esteres Sinteticos Ltda. The joint venture will serve South...

Microgy executes construction, agreement for initial digester.(Mill market: information for feed and grain handlers)(Wild Rose Dairy L.L.C.)
January 5, 2004... PORTSMOUTH, N.H.-- Environmental Power Corp. announced Dec. 22 that its subsidiary, Microgy Cogeneration Systems Inc., has signed an agreement with an entity owned by Wild Rose Dairy LLC of LaFarge. Wis., in which Wild Rose will purchase from...

AAFCO to hold definitions workshop.(Mill market: information for feed and grain handlers)
January 5, 2004... The Association of American Feed Control Officials (AAFCO) Ingredient Definitions Committee (IDC) will hold Jan. 18 a workshop entitled "So You Want a New Feed Ingredient Definition?" This workshop will focus on the procedures involved in...

CRA denounces Mexico's extension of sweetener tax.
January 5, 2004... WASHINGTON. D.C. -- The Corn Refiners Assn. (CRA) has denounced the vote by Mexico's lower house of Congress to maintain the 20% tax on soft drinks made with high fructose corn syrup (HFCS). "This vote comes almost two years to the day that...

Akzo Nobel, BASF to form joint venture.
January 5, 2004... ARNHEM, NETHERLANDS -- Akzo Nobel and BASF announced Dec. 19 that they will form a 50:50 equity joint venture to produce chelates in North America. The agreement is scheduled to become effective Feb. 1. The venture will own and operate Akzo...

Ingredient market.(Illustration)
January 5, 2004... INGREDIENT MARKET The following prices, which include delivery, were obtained last week from feed and grain vendors in the U. S. and Canada. The prices represent current trading values, but are not guaranteed. The second column in...