Cargill Archives | Page 2 of 13 | Alberta Farmer Express

Cargill quarterly profit drops on trade tensions, U.S. floods

By Karl Plume July 11, 2019

Chicago | Reuters — Global commodities trader Cargill reported a 41 per cent drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock. Cargill, the largest privately held U.S. company, said adjusted […] Read more

Crops, Markets, Reuters, Weather

Major grain traders face one-two punch from U.S. floods, trade war

By Karl Plume July 10, 2019

Chicago | Reuters — Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland and Bunge for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill and Louis Dreyfus, known as the ABCD quartet of […] Read more

Crops, Markets, Reuters

U.S. CFTC awards nearly US$2.5 million to Cargill whistleblower

By Reuters June 25, 2019

Chicago | Reuters — The U.S. Commodity Futures Trading Commission has awarded about US$2.5 million to a whistleblower in a 2017 case against global grain trader Cargill over alleged violations in how it handled trades, the agency said Tuesday. The award, while significant in size, was reduced “because of the whistleblower’s delay in reporting” the […] Read more

Crops

Former CGC assistant chief commissioner broke conflict rules

By Allan Dawson June 3, 2019

Jim Smolik, a former Canadian Grain Commission (CGC) assistant chief and acting chief commissioner, contravened post-employment obligations under the federal Conflict of Interest Act while working for Cargill Canada. That’s according to a 24-page report released May 30 by Conflict of Interest and Ethics Commissioner Mario Dion. Dion ruled Smolik breached Sections 33 and 35(2) […] Read more

This photo and graphic from Aleph Farms’ website says it can produce beef from cultured cells in just three weeks — although the steak pictured in the graphic differs from the meat featured in a company video.

Livestock, News

Cargill touts investment in ‘cultured meat’

Global giant says lab-grown beef will ‘complement’ its meat business

By Staff May 28, 2019

Cargill has bought a share of a company that claims it is “leading the slaughter-free meat revolution for a healthier world.” The Minneapolis company, one of the world’s largest beef processors, says it is investing in Aleph Farms, an Israeli startup that said in December it successfully created steak by using cultured bovine cells. “Aleph […] Read more

Cereals, Crops, Reuters

Ardent Mills to close four U.S. flour mills

By Karl Plume May 10, 2019

Reuters — Ardent Mills will close three U.S. flour mills next month and a fourth in the first quarter of 2020, the flour miller and food ingredient maker announced Friday. The company, a joint venture between ConAgra Foods, Cargill and CHS, said the closures were necessary due to “anticipated demand and to enhance the efficiency […] Read more

Beef Cattle, Livestock, Markets, Reuters

Walmart creating own Angus beef supply chain

By Tom Polansek April 24, 2019

Reuters — Walmart Inc. is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely competitive grocery industry. The world’s largest retailer said Wednesday the move would allow it to ensure supplies of quality […] Read more

Beef Cattle, Livestock, Markets, Reuters

R-CALF suit alleges U.S. packers conspired to suppress fed cattle prices

By Jonathan Stempel April 23, 2019

Reuters — Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels. Tyson Foods, Cargill, the JBS USA unit of Brazil’s JBS and National Beef Packing […] Read more

Crops, Machinery & Shop

Regulator rips CN’s use of freight embargoes at West Coast

By GFM Staff April 15, 2019

Canadian National Railway has been found in breach of its service obligations on grain and other traffic by a federal regulator aiming to crack down on the company’s use of freight embargoes. The Canadian Transportation Agency on Monday released its determination on “possible freight rail service issues in the Vancouver area” last fall. The regulator […] Read more

Crops

Grain trade regional tie-ups seen more likely over mega-deals

By Reuters March 25, 2019

Paris | Reuters — The agricultural trading industry can expect more consolidation at a regional level in an effort to improve margins, but big deals between global merchants are becoming more difficult, Louis Dreyfus’ CEO said. Merchants have been grappling with lower profits from sourcing and shipping commodities such as grain and oilseeds, prompting cutbacks […] Read more

AAFC forecasts more wheat, less canola seeded in spring

Feed weekly outlook: Temperatures rise, Prairie bids cool down

ICE weekly outlook: Don’t expect China to buy if Huawei exec goes free

GFM Network News