HERSHEY, PA.— Rising cocoa prices and implementing a computer software program negatively affected Hershey Co. financial results for the fourth quarter ended Dec. 31, 2023. Still, Hershey’s stock rose 4% on Feb. 8, the day results were announced. In the…
KANSAS CITY — How factors ranging from artificial intelligence to global conflict will drive the economy ahead will be among topics to be addressed by Jan Lambregts, Rabobank’s London-based head of global economics. Lambregts will speak June 4 at the…
Home » Corn prices drop on South American weather Source: Sosland Publishing Co. Recap for February 7 Corn prices struck a three-year low Wednesday after weather reports indicated competitor Argentina will flip from hot, dry weather to widespread rain. Wheat…
YORKTON, SASK. — Louis Dreyfus Co. is constructing a pea protein isolate production plant. The plant will be located at the site of its existing industrial complex in Yorkton, the company said. The new facility will enable the company to offer…
WICHITA, KAN. — Cargill has acquired two case-ready meat plants in North Kingstown, RI, and Camp Hill, Pa., from Infinity Meat Solutions, a subsidiary of Ahold Delhaize USA. Financial terms of the transaction were not disclosed. The 209,000-square-foot facility in…
PENNSAUKEN, NJ. — J&J Snack Foods Corp. leveraged its brands and incremental customer opportunities to “maximize every sales opportunity” during the first quarter of fiscal 2024, moves that helped the Pennsauken-based company limit its sales decline while turning in a…
Home » Soft wheat futures snap three-session losing streak Source: Sosland Publishing Co. Recap for February 6 Wheat complex futures posted mixed closes Tuesday. Chicago soft wheat contracts were up for the first time in three sessions in short covering…
CHICAGO — Consumers want healthy, indulgent, convenient and less expensive. Advocates for the dairy industry see dairy ingredients fulfilling those desires and much more. “Dairy consumption is hot,” said Michael Dykes, president and chief executive officer, International Dairy Foods Association…
KALAMAZOO, MICH. — FlavorSum has opened its 35,000-square-foot expansion at its Kalamazoo, Mich., facility. FlavorSum said the facility will increase and enhance the site’s emulsion, extraction and warehousing capacity along with investment in process automation to increase efficiency, quality and safety.…
WASHINGTON — The foodservice industry is expected to see a record $1.1 trillion in sales in 2024, according to the National Restaurant Association (NRA). The optimistic prediction comes from the group’s annual “State of the Restaurant Industry” report, which uses…
English