(Sollio Agriculture photo)

Sollio to exit southwestern Ontario grain handling

Country elevator assets to be sold after harvest, co-op to focus on ag retail

Reading Time: 2 minutes One of Canada’s biggest ag co-operatives is moving ahead on plans to “optimize assets” by shedding its stake in grain handling in southwestern Ontario and focusing more closely on retail ag inputs. Sollio Agriculture, the agribusiness arm of Quebec-based Sollio Cooperative Group, on Tuesday announced it will start “an orderly wind-down” of its Ontario Grain […] Read more

(Dave Bedard photo)

Cargill fiscal 2022 revenue jumps to record US$165 billion

Reading Time: < 1 minute Reuters — Global commodities trader Cargill on Tuesday reported that its fiscal year 2022 revenue jumped 23 per cent from a year earlier to a record US$165 billion. The strong result was the latest for a global agricultural commodities trader after rivals ADM and Bunge reported solid earnings last month amid high farm products prices […] Read more


A plate of honey dijon glazed chicken wings. (SandersonFarms.com)

Cargill, Continental close U.S. chicken deal

Reading Time: < 1 minute Washington | Reuters — Cargill and Continental Grain said on Friday that they had closed their deal to buy Sanderson Farms, the third largest chicken producer, in a deal worth some US$4.53 billion. Under the deal, which was announced last August, Sanderson is being combined with Continental Grain subsidiary Wayne Farms. Sanderson will cease trading […] Read more

(Dave Bedard photo)

Cargill plans to close U.K. rapeseed crush plant

Fewer U.K. farmers growing crop

Reading Time: < 1 minute London | Reuters — Cargill plans to close its rapeseed crush facility in Hull, eastern England, the global commodities trader said Tuesday. The mill, which Cargill has been operating since 1985, has the capacity to crush 750 tonnes of seed a day to produce 420 tonnes of rapeseed meal and 323 tonnes of crude rapeseed […] Read more


(RyanJLane/E+/Getty Images)

CEOs of four large U.S. meatpackers to testify in Congressional hearing

Beef prices up for consumers, down for ranchers

Reading Time: < 1 minute Washington | Reuters — The chief executives of U.S. meatpackers Cargill, Tyson Foods, JBS and National Beef Packing have agreed to testify at a Congressional hearing discussing cattle markets and price increases for consumers, House agriculture committee chairman David Scott said Wednesday. “It is very important, very vital, and very urgent that we hear the […] Read more

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Quebec group seeks to sue beef packers over pricing

Group's class-action application alleges price-fixing dating back to 2015

Reading Time: 2 minutes A Quebec consumer protection group intends to launch a class action lawsuit against four major beef processors in Canada and the U.S., alleging a “meat pricing conspiracy.” “At a time of high inflation, it is unacceptable to make the price of beef even more expensive than it already is,” Sylvie De Bellefeuille, a lawyer for […] Read more


(Dave Bedard photo)

Bunge says sanctions may have ‘adverse effect’ on Russian operations

Reading Time: 2 minutes Reuters — Global agricultural commodities trader Bunge said continued conflict in Ukraine and stinging sanctions on Russia could have an “adverse effect” on its operations in the breadbasket region. Bunge and rival agribusinesses ADM and Cargill suspended operations in Ukraine last week after Russia invaded its neighbour. But none have stopped their business in Russia […] Read more



File photo outside Cargill’s beef slaughter and packing plant at High River, Alta. on May 6, 2020. (Photo: Reuters/Todd Korol)

Strike averted at Cargill’s High River beef plant

Deal that hikes wages by 21 per cent and offers large bonuses receives majority backing

Reading Time: 2 minutes Workers at Cargill’s beef packing plant in southern Alberta have voted in favour of a contract that will hike wages by 21 per cent and provide improved health benefits. “The contract is the best of its kind and presented unprecedented gains in this time of economic and political uncertainty,” United Food and Commercial Workers (UFCW) […] Read more

CME January 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME cattle, hog futures finish higher

Investors' COVID concerns eased

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange livestock futures finished higher on Wednesday as the markets recovered after dropping the previous session to their lowest prices in more than a week. Prices rose as investors’ concerns eased about the Omicron coronavirus variant, which rattled commodity and financial markets on Tuesday, traders said. Chicago Board of […] Read more