Chicago | Reuters –– U.S. grain trader Cargill has agreed to sell its ag retail business in the United States to crop input seller and distributor Agrium, the companies said Wednesday. Calgary-based Agrium, North America’s largest retail seller of crop inputs such as seed, fertilizer and pesticides, will acquire 18 ag retail locations in Nebraska, […] Read more
Agrium to buy Cargill’s U.S. ag retail business
‘Sustainable’ beef pilot a success, but job isn’t done yet
McDonald’s pilot is complete, but now the Canadian beef industry has to create and implement its own standards
Reading Time: 4 minutes After being the first to source and track “verified sustainable” beef for McDonald’s, the Canadian cattle industry has a new challenge — create its own standards that all of its buyers can use. The wrap-up event drew more than 300 ranchers and industry players to celebrate the accomplishment — a sharp contrast to the quiet, […] Read more
U.S. grain firms rejecting GMO crops that lack global approval
Reuters — Across the U.S. Farm Belt, top grain handlers have banned genetically modified crops that are not approved in all major overseas markets, shaking up a decades-old system that used the world’s biggest exporting country as a launchpad for new seeds from companies such as Monsanto. Bold yellow signs from global trader Bunge are […] Read more
Cargill books higher profits, warns of tough markets
Reuters — U.S. agricultural commodities trader Cargill on Thursday reported a rise in third-quarter profit on stronger results in food ingredients and grain handling, but warned about headwinds from oversupplied grain markets and low commodity prices. The privately-held company is exiting lower-margin operations, including its U.S. pork business, and expanding deeper into food ingredients and […] Read more
Cargill moves to cut antibiotic use in cattle by 20 per cent
Reuters — Cargill, a top U.S. meat processor, is trimming the use of antibiotics in its cattle supply amid concerns among some doctors and consumers about risks to humans from antibiotic-resistant bacteria. The company on Feb. 26 started eliminating 20 per cent of antibiotics deemed important for human medicine and farm animals from its four […] Read more
Cargill joint venture to build grain terminal in Ukraine
Kiev | Reuters — U.S. agriculture giant Cargill and Ukraine’s MV Cargo said they would build and operate a grain terminal at Ukraine’s Black Sea port of Yuzhny under a US$100 million joint venture agreement signed Wednesday. The terminal, near Ukraine’s biggest port city of Odessa, will have an annual loading capacity of five million […] Read more
Cargill to supply Alberta carcass data to BIXS
One of Canada’s biggest beef packers is set to supply the specs on beef carcasses processed at its Alberta plant to the Canadian Cattlemen’s Association’s (CCA) BIXS information-sharing system. Cargill and BIXSCo, the CCA-backed operators of BIXS (Beef InfoXchange System), announced Thursday that the multinational agrifood firm will provide its past three years of beef […] Read more
Cargill to stop selling seed, inputs in Black Sea region
Chicago | Reuters –– Cargill will stop selling seeds, fertilizer and crop chemicals to farmers in the Black Sea region, as the global trader continues to cut back operations in the face of sliding commodity prices. The 150-year old company, one of the world’s largest privately held corporations, is in the middle of a restructuring […] Read more
Packers approved to move beef, pork to Ukraine
Inspectors have approved 15 Canadian beef and pork processing plants to export to Ukraine, more than doubling the number of Canadian meat plants able to ship to the country. Federal Agriculture Minister Lawrence MacAulay and Trade Minister Chrystia Freeland on Monday announced Ukraine has, essentially, approved beef and pork exports from any Canadian federally-registered establishment […] Read more
Cargill’s Q2 profit drops amid commodities slump
Chicago | Reuters –– Slumping commodities prices and weak demand in some markets took their toll on profits for global commodities trader Cargill in the quarter ending Nov. 30, sending earnings and revenue down 13 per cent and 10 per cent, respectively. Privately held Cargill, celebrating its 150th birthday this year, is in the midst […] Read more