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Business & Markets: Page 2
Obituaries
Bühler owner, former CEO dies at 82
Buhler Inc.
Urs Bühler, who led the global food processing equipment manufacturer for over five decades, passed away August 1.
Brand Insights
Unlock the Power of Soybean Meal in Swine Production
USSEC
Elevate performance, protect ROI, and beat seasonal challenges with research-backed strategies and real-world insights.
Company News
ADM reports lower second quarter earnings, tightens full-year outlook
Agricultural giant cites policy uncertainty affecting biofuel margins while making progress on operational improvements.
Animal Feed Manufacturers
Feeds from new Philippines mill will be based on local ingredients
Locally grown corn and copra will be the main raw materials for a new feed mill scheduled to open by the end of the year.
Business & Markets
Lindberg confirmed for USDA Under Secretary post
Former chief of staff and chief strategy officer at the Export-Import Bank of the United States is the new Under Secretary for Trade and Foreign Agricultural Affairs.
Business & Markets
Seaboard pork sales down due to lower hog volume
Seaboard said this was primarily due to availability of hogs and timing of deliveries to the processing plants, which decreased sales.
Regulatory Updates
Bipartisan bill would allow states to regulate processing, sale of local meat
The Processing Revival and Intrastate Meat Exemption (PRIME) Act would give individual states the freedom to permit intrastate distribution of custom-slaughtered meat such as beef, pork, goat or lamb to consumers, restaurants, hotels, boarding houses and grocery stores.
Mergers & Acquisitions
Cargill to acquire Mig-Plus, expanding animal nutrition business in Brazil
Cargill has made a binding offer to acquire 100% of the operations of Mig-Plus, a family-owned Brazilian company specializing in animal nutrition solutions for multiple species, primarily swine and ruminants, with a product portfolio that includes premixes, feed concentrates and complete feeds.
Regulatory Updates
Bill would exempt livestock haulers from hours-of-service rules
Legislation introduced in the U.S. House of Representatives would permanently exempt livestock, insect and aquatic animal haulers from federal hours-of-service (HOS) regulations.
Legal News
Dairy cooperatives settle milk price-fixing lawsuit
Cooperatives Dairy Farmers of America and Select Milk Producers will pay a combined US$34.4 million to resolve a class action price-fixing lawsuit.
Regulatory Updates
Save Our Bacon Act aims to counteract Proposition 12
Introduced by Iowa Rep. Ashley Hinson on July 23, the Save Our Bacon Act “would alleviate this overregulation by prohibiting state and local governments from interfering with the production of livestock in other states.”
Company News
Skretting Norway names Mads Martinsen as its new CEO
Mads Martinsen has been appointed CEO of Skretting Norway, after Håvard Walde became Skretting’s new managing director for the salmon business in Australia, Chile, North America and Norway.
Mergers & Acquisitions
Wayne-Sanderson Farms acquires Harrison Poultry
The transaction is effective immediately and Wayne-Sanderson Farms expects minimal changes to day-to-day operations.
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