Category: Daily

WSJ: Sanderson said to near deal with Continental & Cargill

Chicken Producer Sanderson Farms Nears Sale to Continental Grain, Cargill Potential $4.5 billion deal would value poultry giant at $203 a share https://www.wsj.com/articles/chicken-producer-sanderson-farms-nears-sale-to-continental-grain-cargill-11628461800?mod=hp_lead_pos2 By Cara Lombardo and Jacob Bunge Aug. 8, 2021 6:30 pm ET Sanderson Farms Inc. SAFM 0.59% is nearing a deal to sell itself for around $4.5 billion, according to people familiar…



Let’s Feed People Instead of Corporate Interests

Let’s Feed People Instead of Corporate Interests Posted on August 5, 2021 by Mike Callicrate How can an industrial livestock operation transition from feeding corporations to feeding people? Downsize, diversify, and sell direct. Just east of the Colorado-Kansas border in the Republican River Valley watershed, annual precipitation is around 17 inches per year. Winters can…



Supply Chain Failure – Major food supplier halts deliveries, impacting Kansas restaurants

Major food supplier halts deliveries, impacting Kansas restaurants By Carolina Loera Published: Aug. 2, 2021 at 9:32 PM UTC VIDEO MCPHERSON, Kan. (KWCH) – Major food distributor Sysco is halting deliveries to a number of restaurants in Kansas citing labor shortages in the industry. Now, small businesses, like JD’s Kwik Burger, in McPherson, are left…



7.30.21 The Corner Newsletter: Open Markets Examines Nomination of Kanter to Lead DOJ Antitrust Division, House Committee Vote to Limit Threat Posed by ‘Family Offices’

Welcome to The Corner. In this issue, we applaud the nomination of Jonathan Kanter as head of the Department of Justice’s Antitrust Division and a House committee’s move to limit the threats posed by family-controlled investment funds. ​ Nomination of Kanter to Lead DOJ Antitrust Proves Biden Plans to Go Hard Against Monopoly ​ ​…



Agri-Pulse: House members urge emphasis on small facilities as USDA weighs meatpacking investment

Agri-Pulse House members urge emphasis on small facilities as USDA weighs meatpacking investment 07/30/21 9:00 AM By Noah Wicks A bipartisan group of 30 U.S. representatives sent a letter to the USDA today with suggestions on how the agency’s $500 million investment in expanding U.S. meat processing capacity should be focused. The legislators — led…



Modern Farmer: Meatpacking Executives Skewered Over Competition in Market

Modern Farmer Meatpacking Executives Skewered Over Competition in Market | Modern Farmer Meatpacking Executives Skewered Over Competition in Market JUL 29, 2021 Emily Baron Cadloff A bipartisan committee of senators raised concerns about monopolies in the meat market. Meatpacking companies were on the hot seat. Photography by rblfmr/Shutterstock There are not many issues in which…



Four Executives and Company Charged with Price Fixing in Ongoing Investigation into Broiler Chicken Industry

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, July 29, 2021 Four Executives and Company Charged with Price Fixing in Ongoing Investigation into Broiler Chicken Industry A federal grand jury in Denver, Colorado, returned an indictment yesterday charging Koch Foods, headquartered in Park Ridge, Illinois, for participating in a nationwide conspiracy to…



AgWeb: Two of the Four Major Meatpackers Grilled Over Competition During Senate Hearing — Some things never change…

“The North American Meat Institute (NAMI), which represents the meatpacking industry, also submitted testimony to the hearing, saying when it comes to talk about concentration in the industry, “the four-firm packer concentration ratio for fed cattle slaughter has not changed appreciably in more than 25 years.”” True, “the four-firm packer concentration” hasn’t changed in 25…



The Washington Post – The total health and climate consequences of the American food system cost three times as much as the food itself

The total health and climate consequences of the American food system cost three times as much as the food itself A new report provides a roadmap to creating a post-pandemic food system with greater fairness, fewer adverse climate impacts and better health outcomes. A farmer uses a shovel to move corn inside a semi trailer…



The Daily Yonder: Letter from Langdon: Biden Takes Farmers’ Side Against Corporate Ag Mo nopolies — We Hope

Letter from Langdon: Biden Takes Farmers’ Side Against Corporate Ag Monopolies – We Hope – The Daily Yonder The administration has announced efforts to help ease the choke hold that seed, meat, and equipment corporations have on American farmers. Congress, courts, and well funded lawyers are likely to start slugging it out before the issues…