Reuters – Tyson Foods Inc reported stronger-than-expected quarterly results on Monday, sending its shares up 5 percent, and said it would ramp up chicken production in the face of record demand from U.S. consumers. Tyson said it spent more money on advertising and marketing for chicken in the third quarter ended on July 1, bringing […] Read more
Tyson posts better-than-expected profit, bets on chicken
Canada, other countries raise meat inspection bar for Brazil
Winnipeg/Chicago | Reuters — Meat-importing countries from North America to Europe and Asia have tightened inspection standards for shipments from Brazil in a bid to protect consumers, following a probe into possible corruption involving inspectors. The Canadian Food Inspection Agency (CFIA) said on Wednesday that the tighter inspection standards it enacted in April have resulted […] Read more
U.S. bans fresh Brazil beef imports over safety concerns
Chicago | Reuters — The United States halted imports of fresh Brazilian beef on Thursday, the U.S. Department of Agriculture said, after a high percentage of shipments failed to pass safety checks. USDA had “recurring concerns about the safety of the products intended for the American market,” after increasing tests on Brazilian beef in March, […] Read more
Tyson to test new method to stun chickens
Chicago | Reuters — Tyson Foods will test a new way to render chickens unconscious before slaughter, the company said Wednesday, in the latest sign that heightened concerns about animal welfare are affecting U.S. meat processors. Within the next year, Tyson, the biggest U.S. chicken company, will launch a pilot program at two processing plants […] Read more
U.S. beef speeds to China by air as ban ends
Chicago | Reuters –– The first shipment of U.S. beef to China under a new trade deal went airborne on Wednesday, a Nebraska meat company said, just two days after Washington finalized details to resume exports, ending a 14-year ban. Greater Omaha Packing Co. said it shipped beef by plane to China from Nebraska, a […] Read more
JBS says Pilgrim’s Pride stake not for sale
Chicago | Reuters — Brazilian meat packer JBS SA’s core U.S. assets, including its majority stake in Pilgrim’s Pride Corp., are not for sale, the company said on Wednesday, a day after announcing a deal to sell Argentine operations. U.S. chicken company Pilgrim’s Pride is critical to JBS’ long-term strategy of pursuing business opportunities that […] Read more
U.S. farm groups oppose Trump’s cuts to ag spending
Chicago | Reuters — U.S. farm groups on Tuesday pushed back against President Donald Trump’s proposal to slash agriculture spending, viewing it as a fresh threat to a struggling farm economy. The White House on Monday proposed $46.54 billion in cuts to federal government funding for the agriculture sector over the next 10 years, including […] Read more
CHS replaces CEO after earnings decline, Brazil exposure
Chicago | Reuters — CHS Inc., the biggest U.S. agricultural co-operative, named a new chief executive on Monday, after suffering a sharp decline in income and confirming it was a creditor of a failing Brazilian commodities trader. Minnesota-based CHS picked Jay Debertin to take over immediately for Carl Casale, who had been CEO for six […] Read more
U.S., China accelerate beef talks
Chicago | Reuters — Talks on restarting U.S. beef exports to China are moving fast and final details should be in place by early June, the U.S. Department of Agriculture said on Friday, allowing U.S. farmers to vie for business that has been lost by rival Brazil. As part of a trade deal, U.S. ranchers […] Read more
Cargill to exit U.S. cattle feeding business
Chicago | Reuters — Cargill said on Wednesday it will exit the business of feeding cattle to direct capital toward other investments, the latest transformation for the global commodity trader. Minnesota-based Cargill struck a deal to sell its last two feed yards to ethanol producer Green Plains for US$36.7 million, after selling other feedyards to […] Read more
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