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Tag Archives Cargill

(Dave Bedard photo)
Cereals, Crops, Reuters

Cargill joint venture to build grain terminal in Ukraine

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Kiev | Reuters — U.S. agriculture giant Cargill and Ukraine’s MV Cargo said they would build and operate a grain terminal at Ukraine’s Black Sea port of Yuzhny under a US$100 million joint venture agreement signed Wednesday. The terminal, near Ukraine’s biggest port city of Odessa, will have an annual loading capacity of five million […] Read more
TrustBIX Inc. is one of the organizations set to share in $49.5 million in federal funding.
Beef Cattle, Livestock, Machinery, Markets

Cargill to supply Alberta carcass data to BIXS

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One of Canada’s biggest beef packers is set to supply the specs on beef carcasses processed at its Alberta plant to the Canadian Cattlemen’s Association’s (CCA) BIXS information-sharing system. Cargill and BIXSCo, the CCA-backed operators of BIXS (Beef InfoXchange System), announced Thursday that the multinational agrifood firm will provide its past three years of beef […] Read more
(Dave Bedard photo)
Crops, Reuters

Cargill to stop selling seed, inputs in Black Sea region

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Chicago | Reuters –– Cargill will stop selling seeds, fertilizer and crop chemicals to farmers in the Black Sea region, as the global trader continues to cut back operations in the face of sliding commodity prices. The 150-year old company, one of the world’s largest privately held corporations, is in the middle of a restructuring […] Read more
Motherland Monument, Kiev. (CIA.gov)
Beef Cattle, Hogs, Livestock, Markets

Packers approved to move beef, pork to Ukraine

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Inspectors have approved 15 Canadian beef and pork processing plants to export to Ukraine, more than doubling the number of Canadian meat plants able to ship to the country. Federal Agriculture Minister Lawrence MacAulay and Trade Minister Chrystia Freeland on Monday announced Ukraine has, essentially, approved beef and pork exports from any Canadian federally-registered establishment […] Read more
(Dave Bedard photo)
Livestock, Markets, Reuters

Cargill’s Q2 profit drops amid commodities slump

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Chicago | Reuters –– Slumping commodities prices and weak demand in some markets took their toll on profits for global commodities trader Cargill in the quarter ending Nov. 30, sending earnings and revenue down 13 per cent and 10 per cent, respectively. Privately held Cargill, celebrating its 150th birthday this year, is in the midst […] Read more
(Dave Bedard photo)
Beef Cattle, Livestock, Reuters

Somali workers fired at U.S. beef plant in prayer dispute

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Denver | Reuters — Nearly 200 workers, mostly Somali immigrants, have been fired from a meat-packing plant in Colorado after staging a walkout to protest what they said were insufficient prayer accommodations, the company and Islamic advocacy groups said Thursday. The Council on American-Islamic Relations (CAIR) said the workers were treated in a “discriminatory manner” […] Read more
(Dave Bedard photo)
Crops, Reuters, Weather

Cargill to sell crop insurance unit to Silveus

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Reuters — Global commodities trader Cargill will sell its crop insurance business to the Silveus Insurance Group next month, the two companies said Tuesday. The deal will close the second week in January, said Tyler Silveus, CEO for Silveus, based in Warsaw, Indiana. “We are not disclosing terms of the deal, other than we are […] Read more
(Portosdobrasil.gov.br via Flickr)
Crops, Markets, Reuters

Dreyfus, Cargill win Brazil port space

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Sao Paulo | Reuters –– Louis Dreyfus Commodities and Cargill won an auction on Wednesday to operate a grain terminal at Santos Port for 25 years, while Fibria SA and Marimex won rights to operate pulp areas there leased from Brazil’s government. The three port areas were the first of 93 nationwide that the government […] Read more
(Dave Bedard photo)
Beef Cattle, Crops, Markets, Reuters

Cargill said restructuring, cutting jobs

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London | Reuters –– Cargill Inc., one of the world’s largest privately held corporations, has launched a restructuring that includes job cuts, one company source and four industry sources said Friday, the latest casualty of a downturn in the farm economy. The 150-year-old company, a top commodities trader, is also closing offices, two of the […] Read more
(JBSsa.com)
Hogs

Brazil’s JBS concludes acquisition of Cargill pork unit

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Sao Paulo / Reuters – Brazilian meatpacker JBS SA said on Friday it had concluded its $1.45 billion acquisition of Cargill Inc’s U.S. pork assets without any restrictions from regulators, a deal that makes it one of the largest meat companies in the United States. UPDATE: Cargill Illinois hog processing plant offline until Monday Chicago / […] Read more

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