Below you'll find a list of all posts that have been tagged as “Cargill”
A company letter released this week by the state of Minnesota says Cargill will permanently terminate almost 500 employees in the state, which is home to the company’s corporate headquarters. The terminations will begin on February 5. Cargill recently announced it would cut approximately five percent of its overall staff after revenue took a hit in its most recent fiscal …
A new conference is set for the plant based products industry. That’s coming up on This Land of Ours. The Plant Based Products Council (PBPC) announced its first annual conference. The PBPC 2023 Annual Conference: Circular Solutions, will explore the innovations, business models, and policies influencing the entire lifecycle of bioproducts in the promotion of a more circular economy. Attendees …
The four CEOs of Cargill, Tyson Foods, JBS, and National Beef Packing have agreed to testify before Congress. Reuters says the meatpacker bosses will discuss cattle markets and price increases for consumers. House Ag Committee Chair David Scott says it’s important to find out why prices have dropped for ranchers and risen for consumers. “In addition to the CEO panel, …
Cargill and the Continental Grain Company Monday announced a joint-venture agreement to acquire Sanderson Farms, the third-largest poultry producer in the U.S. The all-cash purchase totals $4.53 billion, or $203 per share, a 30.3 percent premium to Sanderson Farms’ share price of $155.74 on June 18, 2021. Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary …
The CEO of Cargill says he is concerned with the long-term health of U.S. agriculture due to impacts from the U.S.-China trade dispute. Cargill CEO David McLennan told Bloomberg News a long-term dispute with China could squeeze the U.S. out as China turns to other sellers of soybeans, as the nation is doing now. Soybean prices are near the lowest …
A recent survey by Cargill shows that approximately three-quarters of Americans plan to grab an apron and spatula to get grilling as the weather warms up. As consumers grill steaks, chicken, and burgers this year, Cargill wanted to find out if consumers trust that their food is safe. 94 percent of Americans believe that their food is safe as grilling …
Cargill remains concerned that the U.S. and China trade discussions will escalate into a trade war. In Comments sent to U.S. Trade Representative Robert Lighthizer, Cargill officials say the tariffs proposal by the U.S. targeting China will “not effectively advance the goal of addressing distortive trade practices,” according to Reuters. Cargill sent a five-page letter to Lighthizer as the USTR …
Cargill announced that it’s installing a $22 million Controlled Atmospheric Stunning system at its poultry facility in London, Ontario. Cargill credits the investment to increasing customer and consumer demand for better animal welfare standards in food production. There are also electric stunning systems available to processing plants. Both electric and atmospheric systems are acceptable, approved, and proven as more humane …
Cargill has signed a joint venture agreement with the largest North American producer of pea protein, stepping into the plant-based protein market. The agreement with Puris, is called a “game changer in terms of taste and vertical integration” in plant-based protein, according to Cargill officials. Meat industry publication Meatingplace reports Cargill’s financial backing and market reach will drive significant expansion …
Ag giant Cargill, along with the Hershey Company, are the latest to drop out of the Grocery Manufacturers Association, joining at least eight other major companies in retreat. The two join Tyson Foods, Campbell Soup Company and others who have recently left Washington, D.C.’s largest food industry association. Politico reports many of the companies that have left are viewed as …
