Business & Markets: Page 25

Conservation group to sue Cooke Aquaculture, alleging Clean Water Act violations

The Conservation Law Foundation has notified Cooke Aquaculture of its intent to sue the company for alleged Clean Water Act violations in Maine. Cooke has denied the allegations, saying they are false, misleading and lack substantiating evidence.

Outlook for Russia wheat harvest down for coming years

Russia’s wheat harvest is expected to decline to 83 million tons (mt) this year, down from 92.8 mt in 2023, according to a Reuters report.

Wheat Harvest Combine

Mergers & Acquisitions

BRF to buy food processing plant in China from OSI Group

The plant in Henan has two processing lines with the potential to have two more lines added.

Handshake Pixabay Mo Farrelly

Business & Markets

Astral Foods reports return to profitability

For the past full financial year, South Africa’s largest poultry integrator reports significant improvements overall and for its poultry division, as market trends hit the bottom line for its animal feed business.

Earnings Profit

Business & Markets

WH Group proposes Smithfield spinoff, IPO

The move is expected to value Smithfield at no less than US$5.38 billion and aims to boost the company’s access to capital markets, unlock value and give it more deal-making flexibility.

Business & Markets

Election sets stage for policy change impacting US feed industry

AFIA’s Constance Cullman analyzes the shifting trade, geopolitical and regulatory landscape after the 2024 election and its implications for the feed industry.

Congress House Senate

Animal Feed Regulations & Safety

Pork producers disappointed in farm bill failure to address Prop 12

The National Pork Producers Council (NPPC) said it was disappointed after the release of Senate Democrats’ 2024 Farm Bill text by the U.S. Senate Agriculture Committee on Agriculture, Nutrition, and Forestry Chairwoman Debbie Stabenow (D-Michigan).

Pigs In Breeding Farm

Mergers & Acquisitions

Elanco acquires Speke contract manufacturing facility in UK

The facility plays a vital role for Elanco in producing several farm animal product lines, representing approximately US$160 million to US$180 million in annual farm animal revenue, primarily outside the U.S., the company said.

Gary Arnold to be next CEO of South Africa’s Astral Foods

The company’s chief operating officer has been chosen to succeed Chris Schutte, who is retiring.

Business & Markets

Acquisitions, new supply agreement bring benefits to Ingham’s Group

Poultry company reports a 7.2% increase in revenue for the most recent year.

Broiler Kharhan Bigstock

Sustainability in Feed Production

McDonald’s, Syngenta, Lopez Foods collaborate on sustainable beef

The collaboration aims to increase feed efficiency and reduce the amount of greenhouse gas (GHG) emissions released per pound of meat produced, as part of efforts to improve the sustainability of beef production.

Elanco settles SEC securities fraud suit for $15 million

The SEC said Elanco misled investors when it made statements about its revenue growth and end-user demand without also disclosing its reliance on certain quarter-end sales incentives that were necessary to achieve that revenue.

Gavel Scales Of Justice

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