Putting its “deep expertise, unique position connecting the global supply chain, and extensive innovative partnerships to work” helped Cargill lift global revenues 23% in fiscal 2022 ended May 31 to $165 billion, said David MacLennan, chief executive officer, and Brian Sikes, chief operating officer.
Producer Owned Beef LLC, a US beef processing facility owned by cattle producers and operated by beef processing industry veterans, received $12.232 million from the Texas Enterprise Fund.
The biggest challenge facing the beef processing sector will come late in the year as ongoing liquidation starts to show up in smaller supplies of both fed and non-fed cattle.
Oatly Group AB is tapping the brakes on its growth strategy, downshifting from a breakneck pace to add production as rapidly as possible to a more moderate approach.