Cargill

Tyson Foods and Cargill will pay a combined $87.5 million in a settlement reached with the Consumer Indirect Purchaser plaintiffs in a beef price-fixing lawsuit that began in 2019.

The National Farmers Union, R-CALF USA, and four fed cattle producers who filed a class-action antitrust lawsuit against JBS, Tyson, Cargill, and National Beef filed a motion looking for preliminary approval of a settlement.   The motion was filed in a U.S. D...

Cargill has agreed to pay $32.5 million to settle a class action lawsuit that accuses the meatpacking giant of conspiring with other companies to artificially raise the price of turkeys.  The deal was filed in the Northern Illinois U.S. Dis...

A company letter released this week said Cargill will permanently terminate almost 500 employees in Minnesota, home to the company’s corporate headquarters.  The terminations will begin on February 5th.  Cargill recently announced it would cut approximately 5% of its overall staff after revenue took a hit in its most recent fiscal year thanks to a big slump in crop prices.   In ad...

Cargill’s CEO said he expects food prices to decline in 2023.  Yahoo said that’s despite tight global crop stockpiles, especially in oilseeds.  David MacLennan, Cargill CEO, said the solution to the food versus fuel debate is to boost global crop commodity production.   “We don’t think i...

Cattlemen know about general cattle nutrition, but beyond the basics, there are a lot of details that can trip you up.  Dusty Abney, cow-calf nutritionist with Cargill Animal Nutrition, said dry matter is one those foundational pieces.  If it’s...

The four CEOs of Cargill, Tyson Foods, JBS, and National Beef Packing have agreed to testify before Congress. Reuters said the meatpacker bosses will discuss cattle markets and price increases for consumers. House Ag Committee Chair David Scott says it’s important to find out why prices have dropped for ranchers and risen for consumers. ...

Meat companies and union officials tell Reuters that rising COVID-19 infections among workers are forcing meat plants to slow production and the government to replace slaughter inspectors. Meatpacking was an early epicenter of COVID in 2020 and is now the latest sector to be disrupted by the Omicron variant ...

Darigold announced last week that president and CEO Stan Ryan will retire at the end of March, after leading the coop for six years. Current president of Global Ingredients, Joe Coote, has been promoted to CEO of the 104-year-old dairy coop ...

One year ago, Cargill committed to advance regenerative agriculture practices across ten million acres of land in North America by 2030. Cargill has been enrolling farmers in Cargill RegenConnect, a new regenerative agriculture program that pays farmers for improved soil health and positive environmental outcomes, including payment per metric ton of carbon sequestered ...