Reading Time: < 1 minute Reuters — Kraft Heinz is in talks to sell its Planters snack business to Skippy peanut butter maker Hormel Foods for about US$3 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The deal could be announced as soon as next week if talks do not fall apart, the Journal […] Read more
Kraft Heinz reported in talks to sell Planters snack business
Pandemic-based surge in snack demand wanes
Packers win dismissal of U.S. pork price-fixing suits
Reading Time: < 1 minute Reuters — A federal judge on Thursday dismissed antitrust lawsuits accusing several large U.S. pork companies of conspiring to limit the supply of pork to inflate prices and their own profits at the expense of consumers and other purchasers. Chief Judge John Tunheim of the federal court in Minneapolis said the plaintiffs failed to show […] Read more
Smithfield Foods to buy Farmer John from Hormel
Reading Time: < 1 minute Reuters — Smithfield Foods said it would buy parent of the Farmer John and Saag’s Specialty Meats brands, and farm operations in three U.S. states from Hormel Foods for US$145 million in cash. Smithfield will buy Clougherty Packing as well as hog farm operations under PFFJ, or Pigs for Farmer John, in California, Arizona and […] Read more
China to resume imports from U.S. pork plants
Reading Time: < 1 minute Chicago | Reuters — China, the world’s largest pork consumer, will soon resume imports from 14 U.S. pork plants and warehouses, after halting some shipments last year over the use of a feed additive, the U.S. Department of Agriculture said Friday. USDA did not provide a date on which China will resume the imports. China’s […] Read more
A message from April Stewart, Country Guide's Associate Editor
