Just four companies known as the ABCD group control 90 percent of the world grain trade, and the B in this group is about to get much bigger. B is for Bunge, which has announced it is buying Viterra. The other ABCD companies are Archer Daniels Midland, Cargill and Louis Dreyfus. Viterra, a subsidiary of […] Read more
Tag Archives Cargill — page 3
Meat-packer profits squeezed in U.S.
The U.S. beef cow herd is the smallest since 1962. Drought and high feed costs drove producers to send animals to slaughter instead of keeping them for breeding. Farmers who fatten cattle have gained leverage in sales negotiations over the meat packers that dominate the market, such as Tyson Foods, Cargill and JBS USA.
Cargill plant serves lockout notice
One of Canada’s largest meatpacking companies has served notice it will lock out more than 2,000 workers at its plant in High River, Alta., on Dec. 6 if contract talks are unsuccessful. Cargill said the deadline is the same as that of a strike notice it received Nov. 10 from the United Food and Commercial […] Read more
