Hong Kong fast-food firm sheds food-court icons — October 24, 2014

A group of quick-serve Asian cuisine outlets renowned in shopping-mall food courts across Canada is back under Canadian ownership. Hong Kong-based Cafe de Coral, a major publicly-traded operator of Chinese fast-food restaurant chains, and its operating arm Manchu Wok Entities announced Thursday they’ll sell the Manchu Wok, Wasabi Grill and Noodle and SenseAsian businesses¬†in Canada […]

Profitable U.S. feedlots buy more cattle in September — October 24, 2014

Chicago | Reuters — The number of cattle placed in U.S. feedlots in September increased one per cent from a year ago, a government report showed on Friday. Analysts attributed the gain in part to continued profits by feedlots that allowed them to purchase more young calves, or feeder cattle, to fatten. The U.S. Department […]

U.S. livestock: CME live cattle pare initial gains before USDA report — October 24, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Friday, pressured by profit-taking ahead of the U.S. Department of Agriculture’s monthly Cattle-On-Feed report, traders said. Most analysts expect Friday’s report at 2 p.m. CT to show placements of cattle in U.S. feedyards likely grew last month compared with a year ago. […]

Olymel plans major expansion at Que. chicken plant — October 22, 2014

Meat packing giant Olymel has announced plans for $10 million in expansions and upgrades at one of its poultry further-processing plants in Quebec’s Monteregie region. The company said Wednesday the planned expansions at its Ste-Rosalie facility will include 15,000 additional square feet of work space and storage, including a third cooking line, a spice warehouse, […]

Ex-Cargill beef plant worker fined in Alta. court — October 22, 2014

Reuters — A former worker at Cargill’s High River, Alta. beef plant has been fined for tampering with wastewater samples required by the province, Alberta officials said Wednesday. Cargill Ltd., the Canadian division of the privately held U.S. company, was required by Alberta to study the plant’s wastewater, and limit the amount of phosphorus discharged […]

U.S. livestock: CME live cattle rebound with beef prices — October 22, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday erased Tuesday’s losses, aided by short-covering and the upswing in wholesale beef prices, traders said. October closed up 1.5 cents, to 168.05 cents per pound, and December was 1.05 cents higher at 168.1 cents/lb. (all figures US$). Wednesday morning’s choice wholesale beef price […]

Brazil’s JBS Foods to delay IPO — October 21, 2014

Sao Paulo | Reuters — JBS SA received regulatory approval to delay an initial public offering of its JBS Foods unit in Brazil, according to a securities filing on Tuesday, putting off a plan to raise four billion reais (US$1.61 billion) for a few more weeks or until next year. The Sao Paulo-based food processor […]

Cargill loses bid to stop ex-manager from working for rival — October 21, 2014

Reuters — A federal judge has denied Cargill’s attempt to block a former executive of its meat-packing unit from working for rival JBS to prevent the potential loss of trade secrets. U.S. Judge Raymond Moore in Denver ruled on Monday that although Jason Kuan “did once have specific knowledge of Cargill’s trade secrets, his knowledge […]