Meat & Poultry: Page 28
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Cargill, Sanderson and Wayne Farms to pay $85M to settle DOJ wage suit
Days after the closing of Cargill and Continental Grain’s purchase of Sanderson Farms, the government accused the poultry processors of conspiring to suppress worker pay.
By Chris Casey • July 26, 2022 -
Permission granted by Sanderson Farms
Cargill and Continental Grain close $4.5B purchase of Sanderson Farms
The transaction, which was announced last August and creates the third-largest U.S. poultry processor, was delayed by a Justice Department review.
By Christopher Doering , Chris Casey • Updated July 22, 2022 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
Courtesy of Meati Foods
Meati nets $150M investment for expansion as products hit store shelves
The funding will help the mycelium-based meat analog company complete its “Mega Ranch” facility, which will supply all Sprouts Farmers Market stores later this year. Chipotle’s venture fund was among the investors.
By Megan Poinski • July 21, 2022 -
Courtesy of The Hershey Co.
Meat and dairy investors say climate inaction threatens their finances: study
More than half said they are not doing enough to make companies implement strategies like reducing greenhouse gases, according to a survey from Changing Markets Foundation.
By Chris Casey • July 19, 2022 -
Permission granted by Brevel
Why Brevel says its microalgae will become the most popular alternative protein ingredient
The inexpensive powder with a mild taste and high level of nutrition will eventually topple today’s standards of soy and pea in plant-based foods, the Israeli company’s CEO says.
By Megan Poinski • July 14, 2022 -
Mario Tama via Getty Images
Wheat's inflationary yearWheat and dairy punctuate 12.2% spike in food prices in the last year
The increase is the highest in more than four decades, according to the Bureau of Labor Statistics, but consumer costs seem to be moderating for meat.
By Chris Casey • July 14, 2022 -
Courtesy of SCiFi Foods
SCiFi Foods reduces the cost of cell-based beef 1,000-fold
The company, which plans to make hybrid plant-based and cultivated meat burgers, used bioengineering technology to make cells that can grow in higher densities.
By Megan Poinski • July 13, 2022 -
Permission granted by Tyson Foods
Tyson invests $90M to expand Mississippi plant
The project, which will add more than 320 jobs, boosts chicken output for the processing giant amid heightened consumer demand for the protein.
By Chris Casey • July 13, 2022 -
Permission granted by Tyson Foods
Tyson uses automation and employee programs to meet chicken demand
The poultry giant is working to improve efficiency as supply issues continue to mount.
By Chris Casey • July 12, 2022 -
Permission granted by Superbrewed Food
Bel Group teams with Superbrewed Food to make postbiotic cheeses
The French company is the first CPG to partner with the fermented protein ingredient maker. New products from the collaboration could be introduced next year.
By Megan Poinski • Updated July 12, 2022 -
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Sysco sues the four largest beef producers for price-fixing
The wholesale distributor accused Cargill, JBS, Tyson Foods and National Beef Packing of working together to drive up the price of the protein.
By Chris Casey • Updated July 11, 2022 -
Permission granted by Motif FoodWorks
Motif FoodWorks lays off employees as it restructures
The food-tech firm has let go of an unspecified number of workers to prioritize high-growth areas as economic conditions shift, a spokesperson said.
By Samantha Oller • July 8, 2022 -
Scott Olson via Getty Images
Chicken executives found not guilty of price fixing
The Department of Justice failed to convince a jury, for an unprecedented third time, to hold poultry executives accountable for conspiring to raise prices.
By Chris Casey • July 8, 2022 -
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Smithfield Foods settles pork price-fixing suit for $42M
The meat company did not admit to wrongdoing in this latest suit filed by restaurants and caterers, after settling with a different group of pork buyers for $83 million in 2021.
By Chris Casey • July 7, 2022 -
Courtesy of Bolthouse Farms
Cost of Fourth of July cookouts to jump by double digits this year
Price increases for food items like chicken, bread and soda have made this year’s holiday a more expensive celebration, according to two recent analyses.
By Chris Casey • July 1, 2022 -
Courtesy of Impossible Foods
National Chicken Council wants labeling restrictions on plant-based products
Until now, the poultry industry has been relatively silent about alternatives, but the trade group presented a survey that says 81% of consumers want non-meat products to be clearly labeled.
By Megan Poinski • June 30, 2022 -
Courtesy of Beyond Meat
Beyond Meat to launch plant-based steak, CEO says
Speaking at The Wall Street Journal’s Global Food Forum this week, Ethan Brown said the product would replicate a whole cut of meat.
By Megan Poinski • June 30, 2022 -
Permission granted by Sanderson Farms
Sanderson, Wayne Farms merger delayed
In a new SEC filing, Sanderson Farms said it still expects the deal to close but not in its expected timeframe of mid-2022.
By Chris Casey • June 29, 2022 -
Courtesy of Symbrosia
Danone leads $7M funding round for methane-reducing cattle feed additive
The maker of Oikos and Activia yogurt is investing in the seaweed-based product in a push to hit its goal of achieving net zero carbon emissions by 2050.
By Chris Casey • June 27, 2022 -
Courtesy of Crush Dynamics
How CrushDynamics upcycles wine waste into a nutritious ingredient
The Canadian company uses fermentation to make polyphenol-rich blends that can enhance flavor, reduce salt, block bitterness and extend shelf life, and plans to take its tech to winemaking regions worldwide.
By Megan Poinski • June 23, 2022 -
Mark Wilson via Getty Images
How food tech companies can raise money in a slowing economy
Investors still want to put funds toward well-established players in the sector, and M&A, partnerships and joint ventures will continue to proliferate, said panelists at the Future Food-Tech Alternative Proteins conference this week.
By Megan Poinski • June 23, 2022 -
Justin Sullivan via Getty Images
Splitting Kellogg is the best way to drive growth, CEO says
In an interview, Steve Cahillane said dividing the 116-year-old CPG will unlock value and create three "healthy, strong companies” in plant-based food, cereal and snacks.
By Christopher Doering • June 22, 2022 -
Courtesy of WhatIf Foods
WhatIf Foods taps a secret ingredient for plant-based success
As the company enters the U.S. with its better-for-you ramen and milk, it is leaning on the sustainability and nutrition credentials of a little-known African legume.
By Chris Casey • June 17, 2022 -
Courtesy of SuperMeat
How SuperMeat is helping cultivated meat take off
The Israeli cell-based chicken maker has entered partnerships to make growth media and information available to others, and aims to build a U.S. plant in the near future.
By Megan Poinski • June 14, 2022 -
Courtesy of Smithfield Foods
Smithfield cites 'escalating' costs in California for closure of Farmer John plant
About 1,800 employees will be impacted when the pork processing facility shuts it doors in early 2023.
By Samantha Oller • June 13, 2022
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