Dec 18- Kraft Foods Group Inc on Thursday said Tony Vernon would retire as chief executive officer later this month, with Chairman John Cahill succeeding him as the company battles sluggish demand for packaged food products in the United States. Kraft shares rose 6.4 percent to close at $63.38, an all-time high since the company was spun off from Mondelez...» Read More
Hillshire Brands said it will withdraw its recommendation to its shareholders to vote for its acquisition of Pinnacle Foods.
Pork prices continue to climb in part due to a deadly pig virus, reports CNBC's Jane Wells.
Despite a deadly pig virus, the World Pork Expo is underway in Iowa, reports CNBC's Jane Wells.
Pilgrim's Pride is planning to raise its offer for Hillshire a week after it first offered to buy it in a $6.4 billion deal.
The farm acknowledged a reemergence of Porcine Epidemic Diarrhea virus, which has killed up to 7 million pigs since it was first identified.
Pilgrim's Pride is offering to acquire meat producer Hillshire Brands in a deal worth about $5.52 billion.
Gardein offers meatless, vegan, & vegetarian foods and recipes. Yves Potvin, Gardein founder & president, discusses the demand for meatless alternatives and the healthy choices Gardein offers.
At least 11 people are sick in four unnamed states with E. coli infections, Food Safety and Inspection Service officials said.
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.
A shipment the Russian government refused to allow Chobani to send to American athletes in Sochi will be donated to food banks. NYT reports.
Look no further than your dinner plate to understand how the new farm bill affects you.
Tyson Foods said it expects pork supplies to drop 2-4 percent this fiscal year, raising wholesale prices, as a pig virus spreads.
The USDA shut down Foster Farms poultry plant in Calif. due to cockroach infestations. The plant was previously closed due to salmonella outbreaks.
A recent outbreak of food poisoning has led to calls for tougher inspection measures even as the government begins reforming food safety rules.
Sales of Hormel's signature meat-in-a-can Spam rose around the globe, said CEO Jeffrey Ettinger. And a new teriyaki SPAM was just rolled out in Hawaii, he added.
A bacterial strain of E. coli linked to a California catering company has forced a recall of more than 90 tons of prepackaged salads and sandwiches.
Sean Connolly, Hillshire Brands CEO, discusses how commodity prices are impacting the company's growth prospects, competing for consumers and why M&A is part of their game plan.
Starboard Value has received "non-binding written indications of interest" for its Smithfield Foods assets, the company said on Tuesday.
Although shares of many packaged food companies are hitting all-time highs, there is still room at the table for new investors to join the food stock feast.
Consumer packaged-goods makers have gotten creative with how they pass on rising costs and maintain bottom lines. Prices stay the same, but it contains less product.