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☆ Tyson Foods CFO arrested for public intoxication, trespassing
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

CHICAGO, Nov 7 (Reuters) - Tyson Foods (TSN.N) Chief Financial Officer John R. Tyson, 32, was arrested for criminal trespassing and public intoxication in Fayetteville, Arkansas, on Sunday, according to a police report. The $24 billion company named John R. Tyson, great-grandson of its founder, CFO in September. John R. Tyson, who was previously the company's chief sustainability officer, could not immediately be reached for comment. Tyson Foods reports quarterly earnings on Nov. 14. John R. Tyson was booked at the Washington County detention center and released Sunday evening.

☆ U.S. nears record poultry deaths from bird flu; virus type complicates fight
▼ + stars: | 2022-10-18 | by ( Tom Polansek | ) www.reuters.com time to read: +5 min

This has spurred export bans, lowered egg and turkey production, and contributed to record prices of the staples ahead of the U.S. holiday season. Europe is already suffering its worst avian flu crisis, with nearly 50 million poultry culled. The United States is monitoring wild birds for avian flu in four migration paths known as flyways, up from two previously, and plans to do the same next year. "This virus could be present in wild birds for the foreseeable future," Sifford said. Minnesota-based Hormel Foods Corp (HRL.N), owner of the Jennie-O Turkey Store brand, said it expects avian flu to reduce its turkey production at least through March 2023.

That has added pressure to grocery prices, putting a squeeze on wallets with no end in sight. California's drought conditions, on top of Hurricane Ian ravaging citrus and tomato crops in Florida, are likely to push food costs even higher. Cameron also grows processing tomatoes, onions, garlic and more than a dozen other crops near Fresno, California. The most recent drought in California began in 2020, worsening when California's Central Valley faced its driest January and February in recorded history. Cameron said tomato prices face a similar hike, resulting in a 50% increase in cost to canners and processors from 2021 to 2023.

☆ Droughts, Ukraine war push global grain stocks toward worrying decade low
▼ + stars: | 2022-09-26 | by ( Tom Polansek | ) www.reuters.com time to read: +8 min

But the United States, the world's top corn producer, is now expected to harvest its smallest corn crop in three years. That would be fewer days of corn stocks than the world had in 2012, when the last global food crisis spurred riots. Ukraine is expected to harvest 25 to 27 million tonnes of corn in 2022, down from 42.1 million tonnes in 2021, following Russia's invasion, according to official estimates. read moreSanctions related to the war mean Russia has also struggled to export what is expected to be a record-large wheat crop. read moreAgricultural lender Rabobank said the next U.S. wheat crop is also at risk and will be planted in dust this autumn unless rains fall.

But this summer, the food stamps couldn't keep up with the grocery store's rising prices, sending her in search of a food donation for the first time. Some advocates argued for spending more on food stamps or cash distribution, which give people more choice than food handouts and also benefit local businesses. He doesn't qualify for food stamps, and has noticed when the pantry runs low on some items. While food supplies shrink, inflation is pushing more Americans toward food pantries for the first time. Food stamps made up less than 2% of U.S. government spending in 2022, according to U.S. Treasury data.

☆ As war, drought hit global crops, Argentina gambles on GM wheat
▼ + stars: | 2022-09-20 | by ( Maximilian Heath | ) www.reuters.com time to read: +9 min

It was the first GM wheat strain in the world to receive such approval. No other global seed company has publicly endeavored to develop GM wheat since 2004, when giant seed maker Monsanto, now owned by Bayer AG, dropped plans to develop GM wheat that could withstand its weed killer Roundup. In 2020 he had threatened to halt wheat imports from Argentina after its government approved Bioceres' GM wheat. A new landmark is the recent approval in Nigeria, the only country to fully approve imports of HB4 wheat grains. Trucco said Russia's invasion of Ukraine and severe droughts in Europe and China had shifted the needle on drought-tolerant GM wheat.

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