Cargill has begun exporting this year’s crop from war-torn Ukraine. This is a move that could help bring down global food prices even further… continue to the article.

Cargill and Owensboro Grain Company, found in 1906, announced that they have entered into a definitive agreement where Cargill will add Owensboro Grain Company (OGC) to its North American agricultural supply chain business. Owensboro Grain Company operates a fully integrated soy processing facility, producing soy products, including protein meal and hull pellets for animal feeds, crude and degummed oil, lecithin, various blends of refined vegetable oil for human consumption, biodiesel, glycerin and industrial waxes. 

United Pet Food announced its acquisition of two production facilities from Cargill on Nov. 30. Located in Krezpice, Poland.

Fitch Ratings affirmed Cargill Incorporated’s Long-Term Issuer Default Rating (IDR) at ‘A’.


Brazilian meat giant JBS has acquired TriOak Foods to tighten control over its supply chain. The company’s U.S. investment comes after JBS withdrew its bid to acquire full control of his 80% stake in U.S. poultry company Pilgrim’s Pride in February… Continue to the article.

A federal judge found five different packers in 3 different US states using at least 50 minors who spent the night cleaning and disinfecting unsafe equipment, including JBS. the Judge ordered the Wisconsin cleaning company to comply with child labor laws.


Pilgrim’s UK plans to produce over 4 million pork products in preparation for the surge of demand this holiday season.

2 Sisters Food Group

2 Sisters has confirmed that it selling its Holland Pies and Portumna pastry businesses.

Tyson Foods

Tyson Foods is saying thank you once again to more than 90,000 hourly team members across the U.S. by giving them approximately $50 million in year-end bonuses for their efforts over the past year. For team members in the U.S., these bonuses range from $300 to $700, and will be distributed starting mid-December.

Tyson Foods donates 160,000 pounds of free protein to tribal nations near the company’s U.S.-based poultry facilities, providing nearly 640,000 meals to local tribal citizens families and individuals experiencing food insecurity.

Tyson Foods, Inc. has filed a motion to dismiss the remaining counts against them in an ongoing suit over their worker vaccine policy. According to the complaint, on August 3, 2021 Tyson imposed a “draconian” vaccine mandate that required all employees to be fully vaccinated by November 1.

The fire was reported around 7 p.m. on December 2, at which time, the building was evacuated and operations ceased.

Shares of Tyson Foods Inc. Cl A TSN, -0.96% slipped 0.96% to $64.15 Tuesday, on what proved to be an all-around grim trading session for the company, under-performing. Tyson Foods, Inc. (TSN) Stock Falls -3.49% last week. The stock has fallen -23.18% over the last 12 months, and the average rating from Wall Street analysts is a Hold.

The Tyson Foods board of directors said it has “continued confidence” in chief financial officer John R. Tyson, who was arrested on November 6 on suspicion of public intoxication and criminal trespassing.

Smithfield Foods

Smithfield Foods today announced that Chief Financial Officer Glenn Nunziata will leave the company at the end of the year. The company named Mark Hall, currently Smithfield’s executive vice president, finance, as its new CFO, effective January 1, 2023.


Wayne-Sanderson Farms and its over 26,000 team members participated in a company-wide food drive that donated over 14,000 pounds of food to local charities during the company’s “Amazing Food Safety Week.” 

Muyuan Food Stuff

Muyuan Foods raises live pig slaughter outlook for 2022 as November sales soar 119%. China’s most active live hog futures contract fell more than 3% on Wednesday, the biggest decline since July, as spot prices came under pressure from weak consumption and heavy slaughter volumes.

Charoen Pokhand

Shares spiked 1.74 percent yesterday while The Thai stock market has moved lower in back-to-back sessions, sinking more than 15 points or 1 percent along the way.

Kerry Group

Kerry launches ‘simple, visual and user-friendly’ nutrition score tool

Kerry Group launches a nutrition score app. The taste and nutrition specialist aims to simplify formulation by including nutrient as well as legal requirements that cover 35 countries in an easy-to-use calculator.

Kerry Group has reported that its upcycled cheese powders are 45% lower in greenhouse gas emissions compared to standard cheese powder.

Kerry Group has an ROCE of 8.9%. On its own, that’s a low figure but it’s around the 8.5% average generated by the Food industry.

The chief executive of Kerry Co-operative Creameries, Thomas Hunter McGowan, will step down from his position in the new year.

Hunter McGowan has advised the co-op’s board of directors of his decision step down, with his time in the role set to conclude on 25 February 2023. He joined Kerry Co-op in October 2017 as company secretary and took on the role of chief executive officer in 2019.

Hormel Foods

Hormel Foods Corp. stock falls Tuesday, but still outperforms market. Hormel Foods Corp. closed $8.27 short of its 52-week high ($55.11), which the company reached on April 21st.


  • Record net sales of $12.5 billion, up 9%; organic net sales1 up 6%, excluding the partial-year impact of the Planters® snack nuts business and an additional week last year
  • Operating income of $1.3 billion, up 17%; up 13% compared to adjusted operating incomeof $1.2 billion last year
  • Operating margin of 10.5% compared to 9.9% last year and compared to adjusted operating marginof 10.2% last year
  • Pretax earnings of $1.3 billion, up 13%; up 9% compared to adjusted pretax earnings1 of $1.2 billion last year
  • Effective tax rate of 21.7% compared to 19.3% last year
  • Diluted earnings per share of $1.82, up 10%; up 5% compared to adjusted diluted earnings per share1 of $1.73 last year
  • Cash flow from operations of $1.1 billion, up 13%


  • Net sales of $3.3 billion, down 5%; organic net sales1 up 2%, excluding the impact of an additional week last year
  • Operating income of $367 million, up 3%
  • Operating margin of 11.2% compared to 10.4% last year
  • Pretax earnings of $357 million, up 1%
  • Effective tax rate of 21.7% compared to 20.0% last year
  • Diluted earnings per share of $0.51, comparable to $0.51 last year
  • Cash flow from operations of $372 million, down 34%

Impossible Foods

Leslie Sims will step into the newly created role of chief marketing and creative officer on 1st Jan. Sims’ resume includes General Mills, Burger King and Macaroni Grill. 

Impossible has also hired a new senior vice president of international.

Noel Clarke was also hired a new senior vice president of international. He will lead the charge when it comes to boosting sales in non-domestic markets. He’s spent the last decade at Unilever and has a special focus in the European market.

Read: Breaking News: FDA approves lab grown meat

Avanti Feeds

India’s top shrimp feed producer, Avanti Feeds, has commenced commercial operations at a new feed plant in Andhra Pradesh. Avanti also engages in shrimp exports through its Avanti Frozen Foods, which is 55 percent owned by Thai Union Group.

Read: The top 10 list of sustainable protein investments

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