Latest News From Reuters

Danish Farmers Concerned Carbon Tax Will Lead to Lower Livestock Production
Danish Farmers Concerned Carbon Tax Will Lead to Lower Livestock Production

Denmark's farmers on Wednesday voiced concerns that plans to levy a carbon emission tax on farming as part of efforts to meet Denmark's ambitious climate goals would force them to reduce production and close farms.

US Justice Department Probing ADM Accounting Practices
US Justice Department Probing ADM Accounting Practices

According to two sources, in recent days the U.S. Attorney's Office for the Southern District of New York has interviewed former ADM employees, ramping up pressure on the global commodities giant.

USMCA Trade Panel Rejects U.S. Complaint About Access to Canada Dairy Market
USMCA Trade Panel Rejects U.S. Complaint About Access to Canada Dairy Market

A trade dispute settlement panel set up under a major North American free trade agreement has rejected a U.S. complaint that Canada is improperly limiting access to its dairy market.

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JBS Facing Headwinds in the U.S., NY Listing Plans Pushed Back

JBS SA, the Brazil-based meat behemoth, is braced for tough times as low cattle availability squeezes beef margins in the U.S., its main market, and management works to return pork business margins to more stable levels.

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Environmental Activists Pressure U.S. Regulators to Halt JBS Listing

Environmental groups are pushing U.S. securities regulators to thwart JBS SA's New York share listing over concerns about the world's largest meatpacker's impact on deforestation, climate change and other issues.

Tyson Will Close Four Chicken Plants Next Year
Tyson Will Close Four Chicken Plants Next Year

Tyson Foods missed Wall Street expectations for third-quarter revenue and profit on Monday, hurt by falling chicken and pork prices as well as slowing demand for its beef products.

U.S. States Reach Colorado River Water Conservation Deal
U.S. States Reach Colorado River Water Conservation Deal

Seven U.S. states along the drought-starved Colorado River have reached a deal with the Biden administration to conserve water in a "historic consensus" to prevent supply problems for big cities as well as farmers.

Tyson Foods Posts Surprise Loss, Cuts 2023 Revenue Forecast as Beef, Pork Prices Fall
Tyson Foods Posts Surprise Loss, Cuts 2023 Revenue Forecast as Beef, Pork Prices Fall

Tyson Foods Inc posted a surprise second-quarter loss on Monday and cut its full-year revenue forecast on falling beef and pork prices, sending the U.S. meat packer's shares tumbling 9% before the bell.

Tyson Foods to Eliminate 10% of Corporate Jobs, 15% of Senior Leaders
Tyson Foods to Eliminate 10% of Corporate Jobs, 15% of Senior Leaders

Tyson Foods Inc. will eliminate about 10% of corporate jobs and 15% of senior leadership roles, Chief Executive Donnie King told employees on Wednesday.

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Meatpacker JBS Ends Contracts with U.S. Company Fined for Hiring Kids

JBS USA is ending contracts with a U.S. company fined for hiring kids to clean meat plants, the unit of Brazilian meatpacker JBS SA said on Monday, adding it is bringing the work in-house at some facilities.

Tyson Foods Plant Closure Raises Antitrust Concerns Among U.S. Farmers and Experts
Tyson Foods Plant Closure Raises Antitrust Concerns Among U.S. Farmers and Experts

Tyson Foods gave its chicken suppliers two months' notice of its plan to shut a Virginia processing plant in May, raising concerns among farmers and legal experts about Tyson's compliance with antitrust regulations.

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Brazil's JBS to Be 'Selective' Regarding Share Buybacks, Acquisitions

The management of Brazilian meatpacker JBS SA said on Wednesday it "will be selective" in relation to launching share buyback programs and also regarding acquisitions given instability in international markets.

Controversial U.S. Cull Kills 19 Feral Cattle in New Mexico Wilderness Area
Controversial U.S. Cull Kills 19 Feral Cattle in New Mexico Wilderness Area

Nineteen feral cattle have been shot from a helicopter by federal employees in a New Mexico wilderness area in a cull opposed by ranchers and criticized by the state’s governor.

Beyond Meat Forecasts 2023 Revenue Above Market Expectations
Beyond Meat Forecasts 2023 Revenue Above Market Expectations

Beyond Meat forecast full-year revenue above market estimates and said it was looking to control costs at a time when high inflation is denting demand for its plant-based meat products. Shares surged 14% after hours.

Brazil Confirms BSE Case, Halts Exports to China
Brazil Confirms BSE Case, Halts Exports to China

Brazil's beef exports to China will be halted starting Thursday after a case of mad cow disease was confirmed in the northern state of Para, the country's agriculture and livestock ministry said on Wednesday.

Taxing Farming is Vital for Denmark's Climate Target, Government Adviser Says
Taxing Farming is Vital for Denmark's Climate Target, Government Adviser Says

Denmark should aim to reduce beef and dairy production by levying an emissions tax on farming of $108 per metric ton in order to reach its ambitious climate targets, the government's independent advisor says.

Small U.S. Meatpackers Get $9.6 Mln Boost from Biden Administration
Small U.S. Meatpackers Get $9.6 Mln Boost from Biden Administration

The Biden administration is awarding an additional $9.6 million in grants and loans to expand meat processing across the country, it announced on Thursday as the government tries to diversify the industry.

Hoxton Farms Raises $22 Million for Cultivated Animal Fat
Hoxton Farms Raises $22 Million for Cultivated Animal Fat

London-based Hoxton Farms said on Thursday it had raised $22 million from investors to build a pilot plant to produce animal fat from stem cells, aiming to tap into the growing market for less carbon-intensive foods.

Tyson Foods Moves Corporate Jobs to Arkansas in Latest Blow to Chicago
Tyson Foods Moves Corporate Jobs to Arkansas in Latest Blow to Chicago

The biggest U.S. meat company by sales said on Wednesday it will relocate all corporate employees from offices in Chicago and Downers Grove, Ill. and Dakota Dunes, S.D., to its headquarters in Springdale, Ark.

Tyson Foods Moves Corporate Jobs to Arkansas in Latest Blow to Chicago
Tyson Foods Moves Corporate Jobs to Arkansas in Latest Blow to Chicago

The biggest U.S. meat company by sales said on Wednesday it will relocate all corporate employees from offices in Chicago and Downers Grove, Ill. and Dakota Dunes, S.D., to its headquarters in Springdale, Ark.

Florida Producers Scramble to Reach Cattle After Hurricane Ian
Florida Producers Scramble to Reach Cattle After Hurricane Ian

Florida producers rushed to reach their cattle on Thursday after trees downed by Hurricane Ian broke fences and rain from the fierce storm flooded pastures.

U.S. Plans Rule to Protect Livestock Farmers From Company Retaliation
U.S. Plans Rule to Protect Livestock Farmers From Company Retaliation

The U.S. Department of Agriculture is proposing regulations to prevent meat companies from retaliating against livestock and poultry farmers who speak out on practices such as price-fixing.

Swiss Reject Initiative to Ban Commercial Livestock Operations
Swiss Reject Initiative to Ban Commercial Livestock Operations

Swiss voters on Sunday rejected a proposal to ban "factory farming" in a referendum on whether the wealthy country's strict animal welfare laws need to be tightened yet further.

Whole Foods is Sued Over 'No Antibiotics, Ever' Beef Claim
Whole Foods is Sued Over 'No Antibiotics, Ever' Beef Claim

Whole Foods Market was sued on Tuesday by three consumers and an animal welfare nonprofit, in a lawsuit accusing the Amazon.com Inc unit of falsely marketing beef with the slogan "No Antibiotics, Ever."

Australia, New Zealand Say No Issues with Meat Exports to China
Australia, New Zealand Say No Issues with Meat Exports to China

Australia and New Zealand said they were aware of Chinese media reports of a ban on meat imports from both countries by Beijing but had not received any official notice and shipments had been clearing as normal.

Shrinking U.S. Cattle Herd Signals More Pain from High Beef Prices
Shrinking U.S. Cattle Herd Signals More Pain from High Beef Prices

U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers reduce their cattle herds due to drought and lofty feed costs, a decision that will tighten livestock supplies for years.

China’s U.S. Ag Imports Soar to New Highs in 2022, but Volumes Vary
China’s U.S. Ag Imports Soar to New Highs in 2022, but Volumes Vary

China is on track to be the leading international buyer of U.S. ag products for a third consecutive year. Much of the boost can be attributed to significantly higher prices this year versus last.

Tyson Foods Ignoring Subpoena for Meat Price Gouging Probe, NY Attorney General Says
Tyson Foods Ignoring Subpoena for Meat Price Gouging Probe, NY Attorney General Says

Tyson Foods Inc, one of the largest U.S. meat producers, is refusing to comply with a subpoena for a civil probe into possible price gouging during the COVID-19 pandemic, New York's attorney general said.

U.S. Triples Reforestation Spending for Wildfire Devastation With Help of Bipartisan Infrastructure Law
U.S. Triples Reforestation Spending for Wildfire Devastation With Help of Bipartisan Infrastructure Law

U.S. Forest Service reforestation funding rose to over $100 million this year as part of moves to plant more than a billion trees in a decade under the infrastructure package passed in 2021, USDA said in a statement.

U.S. Settles Claims Against Poultry Producers Over Worker Treatment
U.S. Settles Claims Against Poultry Producers Over Worker Treatment

Three of the largest U.S. poultry processors have agreed to settle claims by the Justice Department over their alleged longstanding effort to share information about workers in order to drive down compensation.

Trucker Blockade Shuts Down Major California Seaport for Second Day
Trucker Blockade Shuts Down Major California Seaport for Second Day

Truckers protesting California's new "gig worker" law blockaded the state's third-busiest seaport for a second day on Thursday, stalling agricultural exports and threatening to worsen U.S. supply chain backups.

Don't Call it Meat if it's Made with Plants, France Decides
Don't Call it Meat if it's Made with Plants, France Decides

Starting in October, France will ban the use of meat names like "steak" and "sausage" on plant-based protein food in an effort to avoid confusion over the trendy meat alternatives.

UK Officials Rule Out Suspected Case of Foot-and-Mouth Disease
UK Officials Rule Out Suspected Case of Foot-and-Mouth Disease

British officials on Friday ruled out a suspected case of foot and mouth disease in the rural eastern English county of Norfolk.

Kellogg's Faux Meat Spin-Off Faces 'Tough Environment'
Kellogg's Faux Meat Spin-Off Faces 'Tough Environment'

Kellogg Co's plan to spin off and potentially sell its profitable MorningStar Farms vegetarian patties and plant-based meat business could shake up the frozen aisle in grocery stores.

Fact Check: Death of Kansas Cattle in June 2022 Caused by Extreme Temperatures, Officials and Industry Say
Fact Check: Death of Kansas Cattle in June 2022 Caused by Extreme Temperatures, Officials and Industry Say

This controversial, heat stress event has led to questions and conspiracy theories about the cattle industry. Reuters debunks the fallacies about cattle fatalities in Kansas from June 11-12.

Deere Quarterly Profit Rises as Demand for New Equipment Soars
Deere Quarterly Profit Rises as Demand for New Equipment Soars

Deere & Co reported a 17% rise in quarterly profit on Friday, boosted by higher sales for its tractors, combines and sprayers.

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Brazil JBS's Q1 Profit Rises to Nearly $1 Billion

Brazilian meatpacker JBS SA posted a first-quarter profit that beat expectations on the back of strength in its United States business, according to a financial statement on Wednesday.

CEOs of Four Large U.S. Meatpackers to Testify in Congressional Hearing
CEOs of Four Large U.S. Meatpackers to Testify in Congressional Hearing

The chief executives of U.S. meatpackers Cargill, Tyson Foods, JBS and National Beef Packing have agreed to testify at a Congressional hearing discussing cattle markets and price increases for consumers.

In the U.S., Manure is 'Hot Commodity' Amid Commercial Fertilizer Shortage
In the U.S., Manure is 'Hot Commodity' Amid Commercial Fertilizer Shortage

Livestock farmers, including those who previously paid to have animal waste removed, have found a fertile side business selling to grain farmers. Equipment firms that make manure spreading equipment are also benefiting.

EU Drafts Tougher Pollution Rules for Industry, Livestock Farms
EU Drafts Tougher Pollution Rules for Industry, Livestock Farms

The European Commission wants to tighten EU rules on pollution from industry, taking aim at intensive livestock farming and the extraction of minerals including lithium, according to a draft document seen by Reuters.

Canada OKs Imports of Beef and Pork from Brazil
Canada OKs Imports of Beef and Pork from Brazil

Canada has approved the importation of beef and pork from Brazil, which had been blocked over health concerns, authorities from both countries said.

U.S. Activist Investors, Icahn Cry Foul Over Proposed Stock Disclosure Rule
U.S. Activist Investors, Icahn Cry Foul Over Proposed Stock Disclosure Rule

Activist investors including Carl Icahn say a U.S. proposal that would require them to disclose 5% stakes in companies days sooner than current rules could make it unprofitable for them to build successful campaigns.

China to Buy 40,000T of Pork for State Reserves in Bid to Support Poor Pork Prices

China will buy 40,000 tonnes of pork for its central state reserves this week, in the first round of such stockpiling this year, China Merchandise Reserve Management Center said on Monday.

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Brazilian Meatpacker Marfrig Pursues Board Appointments at BRF

Brazilian meatpacker Marfrig Global Foods SA aims to appoint its own board members at food processing business BRF SA, it said on Monday, having built a stake of about 33% in the company.

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Judge Blocks Biden Measure for Calculating Climate Risks, Including Agriculture Impact

A federal judge on Friday blocked for now the Biden administration from restoring Obama-era values for calculating the cost of climate change in the government's permitting, investment and regulatory decisions.

U.S. December Exports to China Drop, Cementing 'Phase 1' Purchases Shortfall
U.S. December Exports to China Drop, Cementing 'Phase 1' Purchases Shortfall

U.S. goods exports to China fell in December, cementing a $45 billion increase in the 2021 U.S.-China trade deficit and a major two-year shortfall in Beijing's purchase commitments under the "Phase 1" trade deal.

Tyson Foods Shares Set Record Due to Soaring Meat Prices
Tyson Foods Shares Set Record Due to Soaring Meat Prices

Tyson Foods Inc shares climbed more than 11% to an all-time high on Monday after the company reported that first-quarter profits nearly doubled due to soaring U.S. meat prices.

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JBS Reaches 'Icebreaker' Settlement of Beef Price-Fixing Claims

JBS SA agreed to pay $52.5 million to settle litigation accusing meat-packing companies of conspiring to limit supply in the $63 billion-a-year U.S. beef market in order to inflate prices and boost profit.

U.S. Meat Production Slows as Omicron Hits Staff and Inspectors
U.S. Meat Production Slows as Omicron Hits Staff and Inspectors

Rising COVID-19 infections among U.S. workers have forced meat plants to slow production and the government to replace slaughterhouse inspectors, meat companies and union officials said.

Cattle and Hog Futures Decline on Worries About Beef, Pork Exports
Cattle and Hog Futures Decline on Worries About Beef, Pork Exports

Chicago Mercantile Exchange live cattle futures fell more than 1% on Wednesday on technical selling, softer cash cattle markets this week and worries about export demand for U.S. beef, traders said.