Financial

Neither Leucadia nor National Beef have put rumours about a potential sale to bed

News in brief

Leucadia tight-lipped on National Beef stake sale

By Oscar Rousseau

The majority stakeholder in Missouri-based meatpacker National Beef has remained tight-lipped on rumours it is exploring plans to sell its stake in the processor.

Cargill could face a soybean supply 'glut' for a number of years, depressing prices

Soybean headwind could hit Cargill for years

By Oscar Rousseau

With Cargill’s profits slipping by 6% after a bumper grain and soybean harvest hit its bottom line, a financial analyst told this site the problem might not get better soon.

Itoham Yonekyu increases Anzco stake

Itoham Yonekyu increases Anzco stake

By Aidan Fortune

Japanese food business Itoham Yonekyu Holdings has increased its shareholding in New Zealand meat processor Anzco from 65% to 100%.

Sooksunt Jiumjaiswanglerg (pictured) said he planned to 'enhance' CPF's global status

Thai meat giant on track to grow revenue

By Oscar Rousseau

One of the world’s largest meat processors, Charoen Pokphand Foods (CPF), has claimed to be on-track to deliver double-digit sales growth.

Indykpol aims to increase its production capacity by nearly three quarters

Polish poultry firm to launch investments, exports to China

By Jaroslaw Adamowski

In the third quarter of 2017, poultry producer Indykpol SA invested PLN7 million (€1.7m) to modernise its meat processing facilities, and plans to launch a project worth some PLN105m (€24.9m) to expand the processing capacity of its plant in Olsztyn,...

Hormel's capture of Columbus Manufacturing is its third takeover of 2017

News in Brief

Hormel completes $850m takeover

By Oscar Rousseau

Hormel Foods has clinched its acquisition of deli meats producer Columbus Manufacturing for US$850m.

Alliance Group, one of New Zealand's largest meat processors, said it could offer better prices to livestock farmers

Alliance Group doubles profit

By Aidan Fortune

New Zealand farmers’ co-operative Alliance Group has reported a doubling of operating profit last year.