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Tag Archives Cargill

(Dave Bedard photo)
Crops, Markets

Cargill likely to stay private, CEO says

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Miami | Reuters — Cargill, one of the world’s largest privately held corporations and a top commodities trader, will likely remain private for at least another decade, its CEO said on Tuesday as he assessed challenges facing the 150-year old company. David MacLennan, who has led Cargill for the past 13 months, also revealed that
(Dave Bedard photo)
Livestock

Cargill to shutter U.S. turkey plant

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Reuters — Agricultural conglomerate Cargill said Friday it will shutter its turkey and cooked meats processing plant in Springfield, Mo., and move the operations to Nebraska City, Nebraska, and Waco, Texas. Cargill said it will close its Springfield plant, which employs 118 people, on March 11. The decision came about after Cargill assessed its turkey
(Dave Bedard photo)
Markets

Cargill profit surges as lower grain prices spur demand

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Reuters — Replenished grain supplies following a bumper North American harvest bolstered global commodities trader Cargill’s bottom line in its latest quarter as lower prices lifted demand for crops and padded margins on meat sales. Privately-held Cargill, based in Minnesota, reported net earnings of $784 million for the second quarter ended Nov. 30, up 41
(NutrecoCanada.com)
Livestock

Nutreco shares slip after Cargill ends bid fight

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Amsterdam | Reuters — Shares in Nutreco fell last Tuesday after U.S. commodities company Cargill said it was pulling out of a bid battle for the Dutch animal feed maker. Cargill’s withdrawal leaves the field clear for Dutch investment firm SHV, which has made an offer valuing the company at around 3.1 billion euros (C$4.4
Markets

Normalized relations with Cuba seen positive for U.S. agriculture

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Chicago | Reuters — The normalization of diplomatic relations between the United States and Cuba is an “important opportunity” for U.S. agriculture that will make exports of U.S. farm goods cheaper, easier and less time consuming for shippers, U.S. Agriculture Secretary Tom Vilsack said Wednesday. President Barack Obama announced on Wednesday that the U.S. plans
(Dave Bedard photo)
Livestock

Cargill says will go it alone on Nutreco deal

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Amsterdam | Reuters –– U.S. commodities company Cargill said on Thursday it would bid alone for Dutch animal feed company Nutreco and pledged not to break up the business to try to capture the initiative from rival bidder SHV. Shares in global fish and animal feed supplier Nutreco rose more than four per cent as
(Dave Bedard photo)
Beef cattle, Livestock

Cargill recalling beef sold at Walmarts in Canada

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Reuters — Cargill, Canada’s biggest beef processor, is recalling ground beef sold by Wal-Mart Stores that may be contaminated with E. coli, the Canadian Food Inspection Agency (CFIA) said Tuesday. The agency said there have not been any reported illnesses associated with Cargill Meat Solutions’ “Your Fresh Market” brand beef, sold at Walmart in Alberta,
(Dave Bedard photo)
Livestock

Cargill to sell, shut Manitoba feed mills

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Cargill’s Canadian arm has announced plans to get out of the livestock feed milling business in Manitoba. The U.S. agrifood firm’s Winnipeg-based Canadian office announced Thursday it will close its feed mill at Brandon, Man. It will also sell its feed mill in Winnipeg’s St. Boniface district to U.S. feed company Standard Nutrition for an
cargill logo
Cereals, Local news

Cargill to close Man. grain elevators in 2015

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Reuters – Cargill Ltd. said on Thursday that it will close its Swan River, Manitoba grain facility, which includes two elevators, as of May 31, 2015. The facility would require costly upgrades if it remained open, Jeff Wildeman, regional manager of Cargill AgHorizons said in a statement. Cargill’s crop inputs facility in Swan River will remain open. The decision comes as Cargill

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