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Poultry/Eggs, Reuters

Cargill, Continental Grain to buy chicken producer Sanderson Farms for $4.5 bln

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Reuters – Commodities trader Cargill Inc and agricultural investor Continental Grain Co will buy chicken producer Sanderson Farms Inc for $4.53 billion, the companies said on Monday, at a time when meat prices have been soaring due to strong demand. The deal would see Sanderson Farms, the third-largest poultry producer in the United States, join […] Read more
The logo and trading info for Corteva Agriscience displayed on the New York Stock Exchange in New York. Photo: Reuters/Brendan McDermid
Reuters

Corteva lifts sales forecast on strong demand for crop protection products, seeds

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Reuters – Corteva Inc on Thursday raised its net sales forecast for the year after strong demand for crop protection products such as herbicides and insecticides helped the agricultural company beat estimates for the second quarter. Corteva also announced a new $1.5 billion share repurchase program, in addition to a $1 billion buyback announced in 2019, […] Read more
Photo: Bayer
Markets, Reuters

Bayer Q2 misses forecasts as costs, forex effects bite

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Frankfurt | Reuters – Bayer shares fell to their lowest levels in more than seven months after the German agricultural and pharmaceuticals group reported lower-than-expected second-quarter core earnings due to higher production costs and currency headwinds. Second-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) before special items fell 10.6 percent to 2.58 billion euros ($3.05 billion), […] Read more
Union Forage general manager Geoff Barker, right and company president Graeme Finn in the southeast Calgary company headquarters and distribution centre.
Cattleman’s Corner, Forages, Livestock

Union Forage hits the ground growing

Small seed company finding its way into western Canadian pastures

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It started with one Alberta beef producer looking for a productive and profitable way to achieve year-round grazing on his own farm. Six years later it’s an expanding forage seed company with a team of specialists urging producers to think outside the paddock perimeter. Union Forage, headquartered in Calgary, was an idea launched by southwestern […] Read more
Jason McNaughton says Sollio Agriculture specialists will continue to work closely with swine, dairy and poultry producers.
Livestock, News

Sollio Agriculture name comes west

Larger company strengths livestock nutrition business

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Western Canadian livestock producers will be seeing a new name at various retailers across the West as the long-operating Standard Nutrition Canada is replaced with the Sollio Agriculture name. Based in Quebec, but now with a reach across the country, Sollio Agriculture is a co-op-structured company providing a wide range of crop input and livestock […] Read more
Photo: iStock/Getty Images
Markets, Reuters

Bunge raises outlook as agribusiness profits beat Wall Street estimates

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Reuters – Agricultural commodities trader Bunge Ltd on Wednesday raised its full-year outlook after its second-quarter profit handily beat Wall Street estimates, sending shares up more than 5 percent in premarket trading. Despite a worsening coronavirus pandemic that has rattled global markets, strong soy processing margins in South America, Europe and Asia and accelerated crop […] Read more
(Dave Bedard photo)
General, Reuters

Feds proposing to expand wage subsidy program

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Ottawa | Reuters — The Canadian government wants to expand an emergency wage subsidy program so that all businesses suffering losses from the COVID-19 outbreak will benefit, Finance Minister Bill Morneau said on Friday. Morneau told a news conference that Ottawa would drop an earlier requirement stipulating that businesses needed to show a 30 per […] Read more

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