MEMPHIS, Tenn.— Cargill will close its corn milling plant in Memphis, Tennessee early next year, citing its location outside of the corn belt and underutilization. The milling plant has about 440 workers, with 120 of those being contract employees. In July Cargill announced plans to close a Milwaukee beef-processing plant due to a cattle shortage.» Read More
As the makers of Sriracha battle to stay open in California, legislators from Texas are wooing them to move to the Lone Star State—USAT.
Sriracha hot sauce maker Huy Fong Foods got into a dispute with the city council of Irwindale, California, over whether the factory emits spicy smells that harm the neighbors. CNBC's Scott Cohn has the details.
Sriracha hot sauce maker Huy Fong Foods has been battling with the city council of Irwindale, California, over whether the factory emits spicy smells that harm the neighbors, reports CNBC's Scott Cohn.
May 12- Packaged food company Hillshire Brands Co said it would acquire Pinnacle Foods Inc for about $6.6 billion, including debt, in a cash and stock deal.
The gluten-free trend may be peaking, says CNBC's Herb Greenberg. He digs into competition in the gluten-free space, and what investors should know about Boulder Brands' business.
Restaurateur & TV personality Joe Bastianich will be featured on CNBC's newest primetime show. He's excited about the business edge the show will reveal about the restaurant business.
CNBC's Jane Wells provides insight to the USDA projections report, and the outlook for consumers and farmers.
A hog farm is stirring up smells—and emotions—in a Pennsylvania town, raising questions about the right to farm.
WASHINGTON, May 9- U.S. trade regulators ruled on Friday in favor of investigating allegations that Mexico is dumping cheap sugar in the United States, taking Washington closer to imposing penalties on sweetener imports.
Minneapolis- based Cargill had been in late-stage talks to buy the business, which spans bean pressing in Abidjan in Ivory Coast to fine chocolate making in Belgium. The combined company would have been big enough to rival Swiss chocolate maker Barry Callebaut, the world's largest industrial chocolate producer.
Vermont Gov. Peter Shumlin signed a new law that puts the state on the path to become the first to require labels on genetically modified foods.
May 8- Vermont on Thursday became the first U.S. state to mandate labeling of foods made with genetically modified organisms as Governor Peter Shumlin signed a law that is widely expected to be challenged in court by some food and agriculture companies.
Edible Arrangements CEO Tariq Farid says he locks in produce prices a year in advance, and says his company is the "ultimate last minute" gift for Mother's Day.
May 7- When the steel industry goes to Washington, it usually talks about trade, tariffs and taxes. "One of the biggest obstacles has been the belief that canned food is not nutritious," said Rich Tavoletti, executive director of the Canned Food Alliance. "
*Cameron hints Britain could intervene in takeover deal. LONDON, May 7- Prime Minister David Cameron demanded U.S. drugmaker Pfizer give stronger guarantees it will keep jobs and investment in Britain in order to secure his government's blessing for a takeover of AstraZeneca.
Shares of Whole Foods Market dipped more than 18 percent when trading began Wednesday morning, and CNBC's Jim Cramer calls the move a 'loss of faith.'
Shares of Whole Foods have had a rough ride since the company missed its Q1 earnings estimates. FMHR trader Mike Murphy thinks investors should buy the stock now, but FMHR trader Pete Najarian says the stock has "issues."
Large farms with over $1 million in sales account for only four percent of all farms, but 66 percent of all sales.
*Third-quarter adj. earnings/share $0.46 vs est $0.36. May 6- Hillshire Brands Co reported better-than-expected quarterly sales as the packaged meat company raised prices to offset higher prices of pork and beef. Hillshire, formerly the food business of Sara Lee Corp, makes Hillshire Farm luncheon meat, Jimmy Dean sausages and Ball Park hot dogs.
May 5- Tyson Foods Inc on Monday reported weaker-than-expected quarterly profit on higher expenses and weak China results, sending shares down more than 9 percent.