earnings Archives - Page 2 of 3 - Canadian Cattlemen

A photo from John Deere’s Sept. 17, 2019 rollout of its 6M tractor series for 2020. (Deere.ca)

Deere to lay off 163 U.S. workers as trade war dents demand

By Rajesh Kumar Singh October 1, 2019

Chicago | Reuters — Deere and Co. on Tuesday announced indefinite layoffs for 163 U.S. manufacturing workers at plants in Illinois and Iowa that make agricultural, forestry and construction equipment, citing decreased customer demand. The layoffs come week after the company said it would reduce production by 20 per cent at its facilities in Illinois […] Read more

Crops, Reuters

Cannabis firm Tilray sees growth slowing

By Reuters August 14, 2019

Reuters — Pot producer Tilray Inc. reported a wider-than-expected quarterly loss on Tuesday, as it ramped up investments to boost production and warned of muted growth in the Canadian recreational marijuana market for the second half of the year. Shares of the Nanaimo, B.C.-based company fell eight per cent after hours. Canada in October became […] Read more

Elanco Animal Health CEO Jeff Simmons speaks during an interview at the New York Stock Exchange (NYSE) on Sept. 20, 2018. (Photo: Reuters/Brendan McDermid)

Livestock, Reuters

Bayer, Elanco said aiming to reach animal health deal next week

By Reuters August 7, 2019

Reuters — Germany’s Bayer and U.S. drug firm Elanco Animal Health aim to reach an agreement to combine their animal health businesses as soon as next week, Bloomberg reported Wednesday, citing people with knowledge of the matter. Elanco plans to pay for at least a part of the deal with its stock and any deal […] Read more

Crops, Markets, Reuters, Weather

Major grain traders face one-two punch from U.S. floods, trade war

By Karl Plume, GFM Network News July 11, 2019

Chicago | Reuters — Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland and Bunge for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill and Louis Dreyfus, known as the ABCD quartet of […] Read more

Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)

Crops, Reuters

Weed leader Canopy Growth ousts co-CEO

By Debroop Roy, Nivedita Balu July 3, 2019

Corrected, Aug. 27, 2019 — Reuters — Canopy Growth Corp. fired founder and co-CEO Bruce Linton, a surprise move that comes just a week after the Canadian cannabis producer’s largest shareholder expressed disappointment over its loss-making streak. The world’s largest pot company announced earlier in the day that Linton was stepping down, leaving Mark Zekulin […] Read more

Crops, Markets, Reuters

Bunge moves from regional to global operating model

By Karl Plume May 9, 2019

Chicago | Reuters — U.S. agricultural commodities trader Bunge on Wednesday overhauled its global operations and named a new chief financial officer in the latest shake-up for the 200-year-old company hard hit by a years-long grain market downturn. The moves come as Bunge reported a stronger-than-expected first-quarter profit due to higher soy crush margins in […] Read more

Livestock, Markets, Reuters

JBS predicts profits will be stronger this year

By Ana Mano March 29, 2019

Sao Paulo | Reuters — JBS SA executives said Friday the Brazilian meat company will deliver higher earnings in 2019 on strong demand for beef in the U.S. and Australia as well as growing Chinese demand for various proteins. Still, first-quarter results will reflect lower cattle availability in the U.S. due to rains and a […] Read more

Crops, Reuters

Bayer reaps profit lift from Monsanto

By Ludwig Burger February 27, 2019

Leverkusen, Germany | Reuters –– Bayer’s US$63 billion purchase of seed and chemical firm Monsanto made its mark on the German company’s fourth quarter earnings on Wednesday, lifting profit and boding well for the peak season of its enlarged agriculture business. However, mounting litigation risks related to Monsanto still cast a pall over an adjusted […] Read more

Beef Cattle, Livestock, Markets, Reuters

JBS posts narrower-than-expected quarterly loss

By Ana Mano November 13, 2018

Sao Paulo | Reuters — Brazil-based food company JBS SA on Tuesday posted a narrower than expected quarterly loss on the back of a strong performance by its Seara processed foods and Brazil beef divisions, and resilience in certain of its U.S. operations. Seara booked net sales of 4.9 billion reais (C$1.72 billion) last quarter, […] Read more

Livestock, Reuters

JBS beats estimates, refinances bank debt

By Reuters May 15, 2018

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meatpacking company, beat analysts’ estimates for the first quarter and closed a deal to refinance the bulk of its bank debt on Monday. JBS’ net income for the first quarter, 506 million reais (C$179.45 million), was 48 per cent above analysts’ estimates, with higher […] Read more

Canada’s foreign affairs minister spoke with Chinese counterpart, federal government says

China soybean imports hit record June high on strong Brazil shipments

Alberta crop conditions improve: report

Daily Network News

Canada’s foreign affairs minister spoke with Chinese counterpart, federal government says

China soybean imports hit record June high on strong Brazil shipments

Alberta crop conditions improve: report

Tag Archives earnings

Deere to lay off 163 U.S. workers as trade war dents demand

Cannabis firm Tilray sees growth slowing

Bayer, Elanco said aiming to reach animal health deal next week

Major grain traders face one-two punch from U.S. floods, trade war

Weed leader Canopy Growth ousts co-CEO

Bunge moves from regional to global operating model

JBS predicts profits will be stronger this year

Bayer reaps profit lift from Monsanto

JBS posts narrower-than-expected quarterly loss

JBS beats estimates, refinances bank debt

Canadian Cattlemen Presents: Depth of Field

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Cows ain’t coal

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