(Reuters) - McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices. McDonald’s said in a lawsuit filed on Friday in Brooklyn federal court that the meatpackers, also including Cargill and National […] Read more
Tag Archives Cargill
Illegal Brazilian soybeans sold on global markets
Multinational companies indirectly buy crop grown on illegally leased tribal lands as issue causes division and conflict
PASSO FUNDO, Brazil (Reuters) — Farm co-operatives in Brazil that supply some of the world’s biggest multinational agricultural firms are buying soybeans grown illegally on Indigenous reservations in the country, according to tribal leaders and court records. This comes despite the companies’ public pledges to respect the land rights and resources of Indigenous peoples. The […] Read more
Chickens move into Alta. long-term care home
The new arrivals roam the enclosed grounds, providing another way for facility staff to engage the 13 current residents
Nestled between rolling grainland and native pasture, far from a major city or town, lies the hamlet of Islay, Alta. There are no stores or services, other than a post office, but there is an assisted living facility that opened in the early 1990s. Like many small communities in Alberta, lack of doctors and rising […] Read more
Cargill funds CYL program
Cargill has become a platinum partner of the Canadian Cattle Young Leaders Program. The company’s three-year funding will allow each mentee access to up to a $3,000 travel budget, an increase of $1,000 each, and also helps to fund mentors’ attendance at the annual CYL graduation at the Canadian Beef Industry Conference with their mentee. […] Read more
Cargill plans overhaul after earnings fall short of targets
An internal company document says less than a third of the firm’s businesses met their earnings goal in fiscal 2024
BEIJING/SINGAPORE (Reuters) — Global trading house Cargill will undergo structural changes after missing internal earnings goals, with plans to streamline operations into three units instead of five, according to an internal company document seen by Reuters and two company sources. Agricultural merchants like privately held Cargill face challenges as prices of the commodity crops they […] Read more
Membership crisis rocks Cereals Canada
WINNIPEG — Several members of Cereals Canada are on the verge of quitting the organization, jeopardizing plans to build a major new ag tech centre in Winnipeg. The official launch of the funding campaign to establish the Global Agriculture Technology Exchange (GATE) has been postponed, with Cereals’ Canada’s June 27 board meeting expected to clarify […] Read more
Bunge beats profit estimates
CHICAGO, Ill. (Reuters) — Bunge Global SA recently beat Wall Street estimates with a record fourth-quarter adjusted profit as strong oilseed processing results boosted its core agribusiness division. However, the company forecast a drop in adjusted profit in the year ahead due to narrowing crush margins. The fourth-quarter earnings results come as Bunge works to […] Read more
Protein sector faces labour crunch: report
SASKATOON — Government, industry and educational institutes must act now to address the labour challenges confronting the emerging plant-based protein industry in Saskatchewan and Manitoba, according to a new report. “The danger here might be that the sector might not live up to its potential,” said Nicholas Renzetti, research associate with Smart Property Institute, the […] Read more
‘Expensive’ canola results in imports
ST JEAN BAPTISTE, Man. — It was probably the last thing that farmers, burned by canola prices that have tumbled by more than $200 per tonne since summer, wanted to hear. “We have been too expensive,” Jenessa Peristerakis, a senior grain marketing adviser at Cargill, said during the St Jean Farm Days in Manitoba. As […] Read more
Thin profits require sharp thinking from farmers this year
Nobody’s expecting to make big profits in 2024-25, but that’s no reason to think some profitability can’t be squeezed out of this lemon. As Jenessa Peristerakis of Cargill said to growers at St Jean Farm Days Jan. 11: “There will be opportunities in bear markets.” There always are. So how do you set yourself up […] Read more
