Articles tagged under: Cargill
R-CALF Sues “Big Four” Beef Packers
Published April 24, 2019
R-CALF USA, along with four ranchers from Iowa, Nebraska Kansas and Wyoming, have filed a class action lawsuit. The suit claims the nation’s four largest beef packers violated antitrust laws, depressing the price of purchased fed cattle by an average…Cargill to Expand Chinese Corn Processing Business
Published April 23, 2019
Cargill plans to invest $112 million to expand the size of its corn processing facility in northeastern China. The plan is to increase capacity to two million metric tons per year by 2020. This is part of a joint effort…Cargill Reports Boost in 3Q Earnings
Published April 1, 2019
Cargill is reporting third quarter net earnings of $566 million on revenue of $26.9 billion. Cargill’s third quarter earnings increased 14 percent, while revenue was down four percent from last year. Cargill says adjusted operating earnings were up eight percent…Private Grain Traders to Invest in Brazilian Infrastructure
Published March 15, 2019
ADM, Bunge, Cargill, Louis Dreyfus and South American soybean producer, Amaggi, have commissioned a study to improve a key Brazilian roadway. This road connects Brazil’s crop production area with the northern ports. Nearly 30 percent of Brazil’s corn and soybean…Lower Second Quarter Earnings for Cargill
Published January 3, 2019
Minnesota-based Cargill reports second quarter earnings are down 20 percent from one year ago. For the quarter ending November 30, Cargill reports net earnings of $741 million as second quarter revenue fell four percent to $28 billion. Cargill Chairman and…Cargill Malt Business to be Sold
Published December 20, 2018
Pending regulatory approval, Cargill is selling its malt business to a French-based cooperative named Boormalt. Cargill has 15 malt plants around the world. Earlier this year, Cargill announced plans to close its Jamestown, North Dakota plant. With less demand for…ND Native to Chair Corteva Agriscience Board
Published November 1, 2018
Former Cargill CEO Greg Page will serve as the non-executive board chairman for Corteva Agriscience. DowDuPont has announced the boards for its three divisions. Page will serve on the advisory committee for Corteva Agriscience until the split is made with…Cargill Names New CFO
Published October 30, 2018
As of December 1, David Dines will replace Marcel Smits as Cargill’s chief financial officer. Dines is now the president of Cargill’s risk management division. Smits will take over as the head of Cargill Asia Pacific.Technology Joint Venture Announced
Published October 30, 2018
ADM and Cargill plan to form a joint venture called Grainbridge LLC. This effort will provide software for production, economics and grain marketing. One of the first products will ADM and Cargill transactions, including contracts, scale tickets and payment information.