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Tag Archives Cargill

(Dave Bedard photo)
Livestock, Reuters

Cargill’s Q3 profit up on ingredient, protein demand

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Chicago | Reuters — Global commodities trader Cargill reported a higher quarterly profit on Wednesday as strong earnings from its food ingredients and protein units more than offset lagging results from South American grain trading and processing. The privately held company has been streamlining its operations to focus on higher-margin businesses such as food ingredients […] Read more
(Dave Bedard photo)
Crops, Reuters

Macquarie to buy Cargill’s global oil business

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Houston | Reuters — Australian bank Macquarie Group is planning on buying Cargill’s global oil business, according to people familiar with the matter, marking the second energy business the global commodities trader has shed this year. Terms of the deal have been agreed upon, but the integration could take several weeks or longer, one of […] Read more
(Dave Bedard photo)
Beef Cattle, Livestock

Ontario backs feed processing at Cargill beef plant

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Ontario’s provincial government plans to put up over half a million dollars for Cargill to process byproducts from its Guelph beef plant for feed. Provincial Agriculture Minister Jeff Leal on Wednesday announced a $582,000 investment toward Cargill’s installation of a “value-added” processing system converting raw byproduct into a “protein-rich animal feed ingredient.” The “leading-edge technological […] Read more
(Dave Bedard photo)
Crops, Markets, Reuters

Cargill profit jumps on meat demand, big U.S. crops

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Reuters — Global commodities trader Cargill on Tuesday reported a sharply higher adjusted quarterly profit led by strong results from its beef and turkey businesses and robust demand for North American grain and oilseed crops. The privately held company said adjusted operating earnings jumped nearly 80 per cent in the second quarter ended Nov. 30 […] Read more
Manitoba in the past decade has imposed restrictions on intensive hog production in a bid to reduce the nutrient load on the Red River heading north toward Lake Winnipeg. (Dave Bedard photo)
Livestock, Reuters

Investors press meat producers to cut water pollution

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Reuters — Forty-five large investors collectively managing C$1.6 trillion in assets are pressing some of the nation’s largest meat producers to set policies for reducing water pollution in their feeding, slaughtering and processing operations. The investors, who are members of sustainability non-profit advocate Ceres and the Interfaith Center on Corporate Responsibility (ICCR), sent letters to […] Read more
(Dave Bedard photo)
Livestock, Markets, Reuters

Cargill profit jumps on beef demand, grain margins

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Reuters — Global commodities trader Cargill reported a sharply higher quarterly net profit on Tuesday, helped by rising beef demand and stronger grain trading and processing margins. The privately held company’s net income rose 66 per cent to $852 million in the first quarter ended Aug. 31 from $512 million a year earlier (all figures […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets, Reuters

Major Alberta cattle feeder set to shut feedlots

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Reuters — One of Canada’s biggest cattle feeding operations, Western Feedlots, said Wednesday it will close feeding operations after marketing the cattle it currently owns, due to poor market conditions. Closure of Western’s feeding operations, likely early in 2017 once its current cattle are sold, will make it more difficult for ranchers to find markets […] Read more

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