Consolidation

Arla Foods CEO Peder Tuborgh, Chairman Jan Toft Nørgaard and CFO Natalie Knight answer questions at the 2018 annual results press conference.

Arla pays out all 2018 profits to farmers

By Beth Newhart

In its 2018 wrap-up report, Arla Foods announced that it would pay out its full net profit for 2018 of €290m ($329m) to farmers. It also discussed the progress of in-house cost-savings program Calcium and pending sustainability efforts.

General Mills expects the plant closure to cost roughly $130m.

General Mills to shutter yogurt plant in California

By Beth Newhart

General Mills is focusing on ‘restructuring actions’ in its yogurt business and closing a facility in Carson, Calif. The company also reaffirmed its end-of-year financial targets at an investor conference in New York.

Overall US cheese production likely reached 13 billion pounds in 2018. Pic: ©GettyImages/ShotShare

US cheese surplus not an 'unusually enormous amount'

By Beth Newhart

Last month, the American Dairy Coalition (ADC) called attention to the record 1.4 billion pounds of surplus cheese currently in US cold storage. But it may not have a simple solution, or even be as big of a problem as the public thinks.

LDC's oilseeds asset in Bahía Blanca, Argentina. The company is leaving non-core areas to refocus on its core businesses. Pic: ©LDC

Louis Dreyfus Company ditches dairy

By Jim Cornall

Dutch merchants and processors of agricultural goods Louis Dreyfus Company B.V. (LDC) is dropping its dairy business by mid-2019.

Dairy equipment like this is available regularly at auctions, but not often in southern Florida. Pic: ©GettyImages/BrianAJackson

New Mill Capital hosts fluid milk jug plant auction in Florida

By Beth Newhart

Machinery from a high volume fluid milk jug plant in southern Florida is up for auction this week, including milk silos, homogenizers and processors. Auctioneers New Mill Capital will oversee the online sale, open to all global customers.

Cargill reports a 20% earnings loss in Q2

By Beth Newhart

Cargill took a hit in its second quarter with a 20% drop in net earnings compared to the year-ago period. It cited a ‘world of uncertainty’ affected by the struggling US dairy industry and lingering trade wars throughout 2018.

The sale is expected to boost Axéréal's global malt footprint.

Cargill sells malt business to Axéréal

By Beth Newhart

French grain cooperative Axéréal will acquire Cargill’s malt business under the Axéréal malt subsidiary Boortmalt, affecting 15 global facilities and more than 500 people.

FrieslandCampina acquires second US company

By Beth Newhart

The Dutch Royal FrieslandCampina N.V., a global dairy brand, closes out a busy December with the announcement that it has acquired Best Cheese Corporation USA, importer and vendor of specialty cheeses. It’s the second US company it has picked up this...

The facility manufactures fresh, extended shelf-life and aseptic dairy products for grocery store chains and organic milk brands.

DFA to buy Agropur Minnesota facility

By Jim Cornall

Dairy Farmers of America (DFA) and Agropur have announced they have entered into an agreement for DFA to acquire Agropur’s St. Paul, Minn., facility.

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