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The Latest Breaking News from Cargill

Judge rejects motion to dismiss class action on turkey pricing

A federal judge has declined to dismiss an antitrust case against several turkey suppliers including agribusiness giants Cargill and Hormel Foods Corp.

Tribune News Service

McDonald’s and Walmart beef suppliers criticised for ‘reckless’ antibiotics use

Exclusive: Most important antibiotics for human health still used in supply chains of major US food companies, risking spread of superbugs

The Guardian - UK

Food firms’ plans for 1.5C climate target fall short, say campaigners

Major producers of soya and beef accused of failing to deliver on pledges to stop deforestation

The Guardian - UK

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Big Meat takes a page from Big Oil

Big Meat is using astroturfed research to obfuscate the effect of meat on the planet. Why are we letting them?

Salon

'One of Britain's most-loved waterways is at risk of turning into an open sewer'

The Wye, one of Britain's most-loved waterways between Wales and England, now contains vast amounts of manure pollute, writes Nada Farhoud

Daily Mirror

Chicken in British supermarkets ‘linked to deforested Amazon’

Investigation found that JBS poultry were fed on soya beans and corn from deforested areas

The Guardian - UK

World’s central banks financing destruction of the rainforest

Corporate bonds intended to inject liquidity into markets profited companies engaged in deforestation

The Guardian - UK

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Small number of huge companies dominate global food chain, study finds

Two firms control 40% of global commercial seed market, compared with 10 companies 25 years ago, ETC Group says

The Guardian - UK

Record profits for grain firms amid food crisis prompt calls for windfall tax

Sales at world’s top four traders have soared, raising concerns of profiteering and speculation

The Guardian - UK

Leading grain traders ‘sourcing soy beans from Brazilian farm linked to abuse’

Bunge and Cargill, behind more than 30% of soy exports to EU and UK, accused of exposing suppliers to link with indigenous rights violations

The Guardian - UK

Billions pour into bioplastics as markets begin ramping up

Billions of dollars in investments are pouring into companies changing the recipe for plastic

The Independent UK

Ships get older and slower as emissions rules bite

LONDON: If shipping is the beating heart of global trade, its pulse is about to get slower.

Bangkok Post

Sysco accuses 4 largest beef processors of price fixing

The nation's largest food distributor has joined the other businesses accusing the four largest meat processors of working together to inflate beef prices

The Independent UK

Cargill completes £667m buy-out of Croda's performance technologies and industrial chemicals businesses

Huge deal was agreed in December for sites

Birmingham Post

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The Conversation

Food giants reap enormous profits during times of crisis

A recent report by Oxfam International has found that 62 new “food billionaires” were created during the pandemic. The report, released ahead of this year’s World Economic Forum in Davos, Switzerland, highlights the record profits made by industry titans.

Tribune News Service

Despite bumps, plant-based aviation fuels maker Gevo continues its stock flight

Patrick Gruber, chief executive of Colorado-based bio-fuels producer Gevo, got an investor cold shoulder this week.

Tribune News Service

Cargill's bid to open new port in Brazil opposed by human rights, conservation groups

As one of the most powerful commodity traders in Brazil, Cargill Inc. has worked to expand its business while fending off criticism that it's enabling the destruction of Amazon forests and savanna for soy farms.

Benzinga

Sanderson Farms Q2 Earnings Top Estimates

Sanderson Farms Inc (NASDAQ:SAFM) reported second-quarter FY22 revenue growth of 35.8% year-over-year to $1.54 billion, beating the consensus of $1.39 billion. Selling, general and administrative expenses rose 3.3% Y/Y to $66.3 million. The operating margin was 27.4%, and operating income for the quarter jumped 230% to $421.5 million. Related: Cargill, Continental Grain To Acquire…

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Al Jazeera

Malaysian palm oil giant seeks to repair image after abuse claims

Sime Darby Plantation Berhad is fighting a US ban on its products after reported labour violations at its plantations.

Benzinga

5 Largest Private Companies By Revenue: Will They Ever Go Public?

Some of the largest companies in the U.S., which employ hundreds of thousands of people and brought in billions in revenue in 2021, are private.

The Guardian - UK

Food and energy billionaires $453bn richer than two years ago, finds Oxfam

While elite gather in Davos, charity calls for wealth tax after rich benefit from soaring energy and food prices

The Guardian - US

Trump officials and meat industry blocked life-saving Covid controls, investigation finds

Congressional investigation reveals the lengths meat industry went to downplay risks to workers and lobby receptive Trump officials

The Guardian - US

Big meat is gobbling up fake meat companies

Conglomerates have bought out several smaller companies as the meat substitute market is predicted to grow rapidly

StockNews.com

3 Stocks That Bill Gates Owns in Size

Bill Gates, the fourth richest person in the world, is keenly followed by the investor community concerning investments made through his firm Cascade Investment, L.L.C. The three stocks that the firm holds in large quantities are Sanderson Farms (SAFM), FedEx (FDX), and United Parcel Service (UPS). So, we think it…

Tribune News Service

How a Minnesota ag firm is helping Ukrainian farmers plant in war-scarred fields

Dave Gebhardt says the flat fields of Ukraine — Europe's breadbasket — look like those rolling, green corn and soybean acreages surrounding the farm he grew up on near Rochester, Minnesota.

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