Business & Markets: Page 50

Business & Markets
Report: Slowdown in consumer spending shapes 2024 rural economy
CoBank's Knowledge Exchange has released its 2024 year-ahead outlook which takes a look at the forces that will shape the U.S. rural economy.
U.S. consumers remain anxious about their financial situations given high grocery prices, skyrocketing mortgage rates and other inflationary pressures.
Animal Feed Manufacturers
5 critical issues set to impact US feed producers in 2024
Leading American feed industry associations discuss the external pressures influencing the sector over the next 12 months.
Chicken Feed Pellets
Mergers & Acquisitions
ForFarmers gets regulatory OK for Piast Pasze acquisition
With the acquisition, the volume in Poland for ForFarmers/Tasomix will increase by 410,000 metric tons, particularly strengthening its position in the broiler sector.
Business Handshake 1
Commodities
US farmers eye sizable 2024 soy crops, less corn
A larger U.S. soybean crop would help meet booming demand for renewable diesel fuel and animal feed while drought slashes production in South America.
Soybeans Jcesar2015 Pixabay
Business & Markets
Smithfield Foods ends 26 hog farmer contracts, citing oversupply
Company said industry oversupply of pork, weaker consumer demand and high feed prices factored into decision to terminate contracts.
Pork Chops Mp1746 Pixabay
Business & Markets
Power, disease issues hit Quantum Foods’ bottom line
The South African company posted an operating loss for the most recent fiscal year.
South African Rand
Commodities
Economist: Expect volatility in the grain market in 2024
Dan Basse with AgResource Company opened the Country Elevator Conference with a presentation on the likely economic challenges and opportunities for the agriculture industry in 2024.
Market On Computer Pexels Pixabay
Business & Markets
Secretary Vilsack addresses decline in corn exports to China
The USDA unveiled the Regional Agricultural Promotion Program, a $1.2 billion plan to diversify markets.
Usda Secretary Tom Vilsack
Latest News
Ingredion settles wet corn milling facility's Clean Air Act violations
Company will pay a $1.1 million penalty and $7 million in remediation measures.
Statue Lady Justice Blue Sky Pixabay
Commodities
Sorghum group names executive director
Greg Ruehle brings over 30 years of experience to lead the National Sorghum Producers.
Sorghum Bmac0 Pixabay com
International Trade
Argentina’s first sustainable soybean meal shipment to Europe
The multinational Viterra is ahead of the 2025 goal of deforestation-free commodities of the EU.
Viterra 5
Business & Markets
Pandemic supply issues spur investment in component inventories
Leading industry suppliers said increasing inventories and improving supply chain resiliency were top lessons learned from COVID-19.
From left: Johnny Wheat, president, 4B Components, Ltd.; Alicia Sweet-Hupp, president & CEO, Sweet Mfg. Co.; Terry Medemblik, president, WALINGA USA, Inc.; Dave Carney, area sales manager, Bühler
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