Cargill Beef Australia and Teys Bros (Holdings) Pty Ltd (Teys Bros) announced that they have agreed to form a joint venture company. The new company will be a 50-50 joint venture and trade under the name of "Teys Australia – A Cargill Joint Venture." The proposed joint venture is subject to regulatory approvals.
Hormel Foods Corp. announced the release of its 2010 Hormel Foods Corporate Responsibility Report, available online at www.hormelfoods.com/csr. Among other successes, the company achieved its water use goal one year early, reducing water use by 30 million gallons since 2009. The report is self-declared Application Level A as confirmed by the Global Reporting Initiative.
Hillshire Farm announced the introduction of two new smoked sausage products to its portfolio - Turkey Pepper Jack and Turkey Polska Kielbasa Smoked Sausage Links.
Tyson Foods said Monday that its second-quarter earnings were flat compared to last year, as higher feed costs offset improving demand and higher meat prices.
McDonald's Corp. announced global comparable sales growth of 6.0% in April. Performance by segment was as follows: U.S. Up 4.0%; Europe up 6.5%; Asia/Pacific, Middle East and Africa up 6.5%.
Butterfield Foods, a Noblesville, Ind., establishment is recalling approximately 285,100 pounds of barbecue beef, pork and chicken products because they contain an undeclared allergen, soy, which is not declared on the label.
Stir the Pot, LLC, a Louisville, Ky. establishment, is recalling approximately 18,648 pounds of chicken products because they contain an undeclared allergen, fish in the form of an anchovy puree in Worcestershire sauce, which is not noted on the label.
The operator of a "yakiniku" barbecue restaurant chain involved in a spate of food poisoning deaths believed it did not need to trim raw beef before serving it, contrary to common practice, due to information contained in an e-mail from its supplier, its executive said, reports the Mainichi Daily News.
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