Agricultural Producers


  • MOSCOW, Dec 9- Russia's Uralkali, the world's largest potash producer, is to create a joint venture for potash distribution with Malaysia as it seeks to boost sales in South East Asia, the company said on Monday. Malaysia, along with other countries in South East Asia, is a major market for the crop nutrient due to demand from its palm oil industry.

  • The settlements end a federal fraud lawsuit begun in February 2008 by the Humane Society of the United States, which had obtained a video that appeared to show inhumane cattle treatment and improper inspections of sick cattle at a Chino, California, plant run by Westland Meat Co. and Hallmark Meat Co..

  • Nov 18- Tyson Foods Inc reported a better-than-expected rise in quarterly profit, helped by higher chicken sales and a rebound in its beef business. Shares of the largest U.S. meat processor rose 4 percent to $30.00 in premarket trade on Monday. Tyson's chicken sales rose 2.4 percent to $3.16 billion in the fourth quarter ended Sept. 28.

  • Nov 18- Tyson Foods Inc reported a rise in quarterly profit, helped by higher chicken sales and a rebound in its beef business. The largest U.S. meat processor said on Monday that net income from continuing operations rose to $259 million, or 70 cents per share, from $203 million, or 57 cents per share, a year earlier. Sales rose 7 percent to $8.89 billion.

  • *Canada's Saputo made A $9 per share offer late Friday. SYDNEY, Nov 18- Saputo Inc's failure to deliver a knockout offer in the three-way battle to take over Australia's oldest dairy company is leaving the door open for a better bid.

  • Warrnambool Cheese shares jump on higher Saputo bid Sunday, 17 Nov 2013 | 7:09 PM ET

    SYDNEY, Nov 18- Shares in Warrnambool Cheese and Butter Factory Co hit an all-time high on Monday after the Australian dairy company recommended a fresh A $505 million bid from Canada's Saputo Inc..

  • *Saputo raised bid by 12.5 pct to A $9/ shr. SYDNEY, Nov 15- Canadian dairy company Saputo Inc raised its takeover offer for Australia's Warrnambool Cheese and Butter Factory Co Holdings Ltd by 12.5 percent on Friday, and Warrnambool's board unanimously recommended it.

  • Australia's WCB in talks with Saputo over revised bid Thursday, 14 Nov 2013 | 6:22 PM ET

    SYDNEY, Nov 15- Australian dairy company and takeover target Warrnambool Cheese and Butter Factory Co Holdings Ltd said on Friday it was in talks with Canada's Saputo Inc over a proposed revised offer and requested a trading halt for its shares.

  • MADRID, Nov 14- Mexican frozen food company Sigma Alimentos has launched a 695 million euro takeover bid for Spanish meat processor Campofrio at a price analysts said could tempt its leading shareholder to sell.

  • Bega re-enters battle for Australia's WCB Wednesday, 13 Nov 2013 | 6:42 PM ET

    SYDNEY, Nov 14- Bega Cheese Ltd, the biggest shareholder in Warrnambool Cheese and Butter Factory Co Holdings Ltd, raised its cash and share bid for the Australian dairy company on Thursday, re-entering a three-way takeover battle. Bega raised its offer to 1.5 of its shares and A $2 cash for each WCB share, up from its initial September offer of 1.2 shares and A $2 cash.

  • *USDA does not require such labeling. CHICAGO, Nov 5- Cargill Inc, one of the world's largest beef processors, will begin labeling when its finely textured beef is used in the making of its U.S. ground beef products, the company told Reuters on Tuesday.

  • *U.S. Labor Department guidance has varied over the years. In a case that could effect unionized workers in poultry processing, meat packing and other sectors, roughly 800 current and former workers at the United States Steel Corp plant in Gary, Indiana, are seeking the extra pay.

  • Oct 30- Canadian food processor Maple Leaf Foods on Wednesday reported lower-than-expected results for the third quarter, hurt mainly by weakness in its meat business. The Toronto- based company, one of Canada's biggest pork processors and bakers, said revenue slipped 2.5 percent to C $1.15 billion.

  • *Lion, Bega, Murray Goulburn can block Saputo- analyst. SYDNEY, Oct 29- Kirin Holdings Co Ltd bought a 10 percent stake in Warrnambool Cheese and Butter Factory Company Holdings Ltd on Tuesday, in a move that could block a takeover of the Australian dairy company by Canada's Saputo Inc..

  • TORONTO/ WINNIPEG, Manitoba, Oct 21- Canadian food processor Maple Leaf Foods said on Monday it may sell its controlling stake in Canada Bread Company as it determines whether to exit the bakery business and focus on meat products.

  • Fonterra: N.Z. will launch an investigation     Sunday, 11 Aug 2013 | 10:50 PM ET

    Tim Groser, trade minister of New Zealand. speaks exclusively to CNBC's Cash Flow about the Fonterra botulism scare.

  • Biting into the BLT economy     Friday, 9 Aug 2013 | 10:52 AM ET

    Iceburg lettuce prices have come to a head, says CNBC's Jane Wells, following a story that may affect your favorite sandwich.

  • Smithfield Deal: Politics vs. Pork     Wednesday, 10 Jul 2013 | 2:35 PM ET

    Smithfield Foods CEO Larry Pope defended his company's $4.7 billion sale to China's Shanghui international on Capitol Hill. Criticism of the deal led one Republican senator to suggest that Smitfield was "a victim of a Communist Chinese plot." CNBC's Jane Wells filed this report.

  • Can Agriculture Stocks Grow?     Friday, 24 May 2013 | 4:53 PM ET

    How the agriculture business may perform this summer, with Brian Stutland of Stutland Volatility Group.

  • Farmland Prices: Is the Bubble About to Burst? Monday, 25 Mar 2013 | 3:58 PM ET

    Excess cash plus easy access to credit is driving up land values across the Midwest, stoking fears that a farmland bubble is building that may soon burst. USA Today reports.

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