Cargill Archives - Page 13 of 41 - Manitoba Co-operator

European malting giant to buy Cargill Malt business

By Dave Bedard, GFM Network News December 20, 2018

Cargill’s Prairie Malt plant in western Saskatchewan is destined for new European ownership under a deal publicly proposed Thursday. The Boortmalt Group, the malting arm of French agricultural co-operative Axereal, has announced its “intention to enter into an agreement” to buy Cargill Malt from the U.S. agrifood firm for an undisclosed sum. Boortmalt, which bills

Cargill’s ag input centre at Harrow, Ont., will need to find a new owner under order from federal regulators. (VisitHarrow.ca)

Crops

La Coop federee’s Ontario grain play cleared

By GFM Network News, Gfm Staff November 14, 2018

La Coop federee’s plans to expand into southern Ontario’s grain handling and crop input retail sectors are now down by four retail sites. The federal Competition Bureau said Tuesday it has an agreement in place for its approval of a deal which will see Cargill’s Ontario grain and ag retail outlets and its joint-venture stake

Markets

Beef demand, crush margins boost Cargill’s Q1 ledger

By GFM Network News, P.J. Huffstutter September 27, 2018

Reuters — Grains trader Cargill reported a nearly five per cent rise in quarterly profit on Thursday as global demand for beef and improved oilseed crushing results offset challenges in several business units. But Cargill also faced various headwinds across the company — particularly in its protein and food ingredients units, both of which have

A Sept. 12 view from the International Space Station down the eye of Hurricane Florence, which has since weakened to a post-tropical cyclone. (NASA photo)

Livestock, Weather

Florence shuts down U.S. slaughterhouses

By GFM Network News, Lisa Baertlein, Tom Polansek September 18, 2018

Chicago/Los Angeles | Reuters — U.S. food companies kept slaughter plants shut on Monday in southeastern states swamped by Hurricane Florence as flash floods collapsed the walls of at least two hog manure pits, made roads undriveable and delayed rail shipments. Catastrophic flooding from Hurricane Florence, which has dumped up to 36 inches of rain

(Video screengrab from TalentsLaCoop.coop)

Livestock

Coop federee buys into Ontario feed sector

By GFM Network News, Gfm Staff August 27, 2018

Fresh off its recent investment in the Prairie livestock feed business, Quebec ag co-operative giant La Coop federee is headed down a similar path in southwestern Ontario. The co-operative announced Monday it will pay an undisclosed sum for a 50 per cent stake in W-S Feed and Supply, based at Tavistock, Ont., about 30 km

Markets

Beef, eggs, feed fatten Cargill’s profits

By GFM Network News, P.J. Huffstutter, Tom Polansek July 12, 2018

Chicago | Reuters — Strong global demand for beef and animal feed fattened grain trader Cargill’s profits in fiscal year 2018, which were also boosted by trade tensions and South American weather woes, the company said on Thursday. For the full year, adjusted operating earnings reached $3.2 billion, up six per cent from fiscal 2017

Crops, Pulses

Pulse weekly outlook: Processing boom to help in long run

By Ashley Robinson - MarketsFarm, GFM Network News May 29, 2018

CNS Canada — Even with one new pulse processing plant on line in Western Canada and more on the way, producers will still have to wait before these new ventures have a significant effect on marketing of their pulse crops. Numerous pulse processing plants have been announced in the last year. French company Roquette broke

Crops

Cargill upgrading rail loading at Lethbridge

By GFM Network News, Manitoba Co-operator Staff May 10, 2018

Agrifood firm Cargill is reworking the site layout and expanding its rail loading capacity at its grain elevator in the Lethbridge city limits. The company recently announced a $20 million project to “more than double” the loading capacity at the Lethbridge elevator, from 56 to 134 cars. “The industry standard for rail capacity is increasing,

Crops, Markets

Trade rows spell gain, and pain, for U.S. grain exporters

By GFM Network News, Karl Plume, P.J. Huffstutter May 3, 2018

Chicago | Reuters — Global grain marketers have seized upon trade tensions between the United States and several of its top export markets, including China, to turn around struggling trading units following one of the toughest years ever for the industry. After five years of bumper harvests worldwide that depressed crop prices, trading margins are

Livestock, Markets

U.S. livestock: CME live cattle sag despite fundamentals

By GFM Network News, Reuters May 2, 2018

Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby contracts on Wednesday were weakened by funds that sold, or “rolled,” June positions into back months ahead of similar moves early next week, said traders. Nearby market losses trumped futures’ bullish discount to cash prices, strong wholesale beef values and triple-digit beef packer profits. June

Daily Network News

Porcine Epidemic Diarrhea found on a southern Alberta farm

Indonesia opens market to Canadian pork, expands beef access

IGC February report adjusts world data

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