Archer-Daniels-Midland Co.’s failure to win Australian approval to buy GrainCorp Ltd. opens the door for share buybacks, bigger dividends or other acquisitions as the company reviews how to use about $3.5 billion in cash.
Darling International Inc., the largest U.S. recycler of meat-production byproducts and restaurant cooking oils, agreed to buy a similar business from Vion Food Group Ltd. of the Netherlands for about 1.6 billion euros ($2.2 billion).
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.
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.
A prolonged U.S. government shutdown may stall delivery of vaccines that poultry, cattle and hog companies need for food safety and animal health, three poultry groups said in a letter to congressional members today.
Investors in Smithfield Foods Inc. are betting Shuanghui International Holdings Ltd. will complete the biggest Chinese takeover of a U.S. company, overcoming a national security review and prevailing over potential rival bidders.