U.S. Meat Production Slowing

Meat companies and union officials tell Reuters that rising COVID-19 infections among workers are forcing meat plants to slow production and the government to replace slaughter inspectors. Meatpacking was an early epicenter of COVID in 2020 and is now the latest sector to be disrupted by the Omicron variant. Cargill, one of the country’s top […]

Ryan Announces Plans To Leave Darigold

Darigold announced last week that president and CEO Stan Ryan will retire at the end of March, after leading the coop for six years. Current president of Global Ingredients, Joe Coote, has been promoted to CEO of the 104-year-old dairy coop. “Stan has been a game-changing and transformative leader at Darigold. Under his leadership, our […]

Cargill Introduced Regenerative Ag Revenue Stream for Farmers

One year ago, Cargill committed to advance regenerative agriculture practices across ten million acres of land in North America by 2030. Cargill has been enrolling farmers in Cargill RegenConnect, a new regenerative agriculture program that pays farmers for improved soil health and positive environmental outcomes, including payment per metric ton of carbon sequestered. The new […]

Cargill and Continental Grain Purchasing Sanderson Farms

Cargill and the Continental Grain Company Monday announced a joint-venture agreement to acquire Sanderson Farms, the third-largest poultry producer in the United States. The all-cash purchase totals $4.53 billion, or $203 per share, a 30.3% premium to Sanderson Farms’ share price of $155.74 on June 18th, 2021. Cargill and Continental Grain will combine Sanderson Farms […]

Farmers Find Barriers to Carbon Markets

Farmers are struggling to enter carbon markets. Companies like Microsoft are purchasing credits and others like Bayer and Cargill have subsidized projects to incentivize farmers to reduce emissions. The Department of Agriculture is monitoring the success of the carbon markets with an eye on future farm bill programs. However, a Nebraska farmer told Reuters, “It’s […]

Cargill Building New Canola Plant in Canada as Demand Soars

Cargill is building a new $350 million canola plant in Saskatchewan, to take advantage of the booming demand for the oilseed. Canola futures recently hit record highs, and soybeans reached multi-year highs as demand for canola to process into vegetable oil and animal feed is greater than the available supply. Refiners are also planning to […]

Mark Poeschl resigns as CEO of National FFA

Mark Poeschl announced last week his resignation as the CEO of the National FFA Organization and National FFA Foundation, effective January 15th. In a statement, Poeschl said, “I know there have been challenges we have faced during my tenure, but my intentions have been for the best interests of FFA and our student members,” adding […]

Minnesota Court Dismisses Lawsuit Against Meatpackers

A U.S. District Court in Minnesota has dismissed an anti-trust lawsuit against meatpackers like Tyson Foods, JBS, the National Beef Packing Company, and Cargill. R-CALF led several plaintiffs in filing the lawsuit. Chief Judge John Tunheim left open the opportunity for plaintiffs to amend their complaint. Tyson Foods said, “We’re pleased with the court’s decision.” […]

Department of Justice Looking Into Antitrust Violations In Meatpacking Industry

The Justice Department is formally demanding information from the four biggest meatpackers in the United States, over potential antitrust violations. According to Bloomberg, the DOJ’s antitrust division sent civil investigative demands, which are akin to subpoenas, to the companies…and is talking with state attorneys general about the probe after growing calls for an in-depth investigation. […]

Justice Department Subpoenas Information From Meatpackers

The Justice Department has made a formal demand for information from the country’s four biggest meatpackers as they investigate potential antitrust violations. A Bloomberg article said that deepens the scrutiny of an industry that’s already been hit hard by plant shutdowns due to the coronavirus. The department’s antitrust division sent civil investigative demands, which are […]