Wayne Farms CEO Clint Rivers will lead the new poultry business.
August 9, 2021
Cargill, Continental Grain Company, and Sanderson Farms have reached a definitive agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash, representing a total equity value for Sanderson Farms of $4.53 billion. The purchase price represents a 30.3% premium to Sanderson Farms’ unaffected share price of $155.74 on June 18, 2021, the last full trading day prior to media speculation about the potential sale of Sanderson Farms; a 22.8% premium to the Sanderson Farms 30-day volume weighted average price as of June 18, 2021, and a 15.2% premium to the all-time high share price as of June 18, 2021. Upon completion of the transaction, Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, to form a new, privately held poultry business.
Farmer Focus Organic Poultry adds turkey to its lineup of humanely raised chicken, bringing delicious poultry to the Thanksgiving table. Each Farmer Focus Broad Breasted Bronze Turkey is humanely raised on an independent family farm in the picturesque Shenandoah Valley. Unlike commercially bred birds, this breed of heirloom turkey has a long purebred lineage. This means they grow more slowly, as did farm-raised birds of the past. That longer grow time leads to a more tender, juicier, and better-tasting bird.
When it comes to factors driving purchase decisions, the environmental impact of chicken (34%) is as important as animal welfare (37%).
June 3, 2019
The National Chicken Council (NCC), Washington, D.C., unveiled findings of its new nationwide survey about how deeply consumers understand sustainable food practices as it relates to broiler chicken production.
Advances will be spurred by rising domestic consumption, driven by population growth and increasing disposable personal income levels.
January 16, 2019
In nominal terms, U.S. shipments of fresh and frozen meat and poultry products are forecast to grow 1.7% annually through 2022, while processed meat and poultry shipments are projected to see 2.4% annual gains over that span, according to “Meat & Poultry Products: United States,” a report released by Freedonia Focus Reports, Cleveland, Ohio.
The majority of consumers (89%) want more information about the chicken they buy and eat, and 57% would look for that information on the product package.
July 24, 2018
U.S. chicken consumption remains high, and consumers are hungry for more information about the chicken they purchase, according to a survey commissioned by the National Chicken Council (NCC), Washington, D.C.
The 2018 International Production & Processing Expo (IPPE) will surpass 514,000 square feet of exhibit space and secure more than 1,110 exhibitors at the Georgia World Congress Center in Atlanta Jan. 30-Feb. 1.
Sanitation concerns, meeting global demand and minimizing labor costs are the top-of-mind trends shaping the current landscape of the meat, poultry and seafood markets.
August 11, 2017
The meat, poultry and seafood industry is experiencing a global boom, according to the “2017 Trends Shaping Meat, Poultry and Seafood Market Segment report,” produced by PMMI, The Association for Packaging and Processing Technologies, Reston, Va.