Farha Aslam News
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Traders are losing faith that GrainCorp Ltd. can extract a higher takeover bid from Archer- Daniels-Midland Co. or a competitor as a dip in Australia’s wheat crop shrinks the exporter’s profits.
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Smithfield Foods Inc. risks missing out on a 23 percent gain for shareholders by ignoring demands to sell its hog farms.
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The consumer backlash against a meat product made from leftovers and treated with chemicals is making a bad situation worse for Cargill Inc. and Tyson Foods Inc. ahead of the beef industry’s peak sales period.
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The prospect of selling meat under Hillshire Brands Co.’s labels is putting the maker of Jimmy Dean sausages and Ball Park hot dogs on the menu for producers ranging from Tyson Foods Inc. to Hormel Foods Corp. and JBS SA.
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Archer-Daniels-Midland Co., the world’s largest corn processor, reported fiscal second-quarter profit and revenue that topped analysts’ estimates as its U.S. soybean-crushing operations ran at record capacity.
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Sanderson Farms Inc., the fourth- largest U.S. chicken processor, said it may return to a profit in six months after the company today posted a wider-than- expected loss in the fiscal third quarter.
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Marubeni Corp.’s proposed $3.6 billion acquisition of U.S. grain merchandiser Gavilon Group LLC underscores the growing interest in agricultural traders as rising food demand puts pressure on global supplies.
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Tyson Foods Inc., the largest U.S. chicken processor, said it plans to ship poultry to Russia this week for the first time since January.
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Smithfield Foods Inc. , the world’s largest pork processor, rose the most in seven months after Valor Economico reported Brazil’s JBS SA may hold talks to acquire the company.
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The U.S. cattle herd as of July 1 probably shrunk to the smallest on record, signaling tightening beef supplies and higher costs for shoppers and companies from Tyson Foods Inc. to Wendy’s Co.
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