Iowa Premium Beef, a long-idle beef processing plant in Tama, Iowa, is getting ready to reopen later this month. The plant has undergone a $46.8 million renovation to prepare to process about 1,100 cattle a day.
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As part of a plan to close a $2.4 billion gap in the two-year budget, Gov. Terry McAuliffe has directed the Department of Alcoholic Beverage Control to hike the costs of liquor.
Peanut farmers are expected to bring in 6 million pounds less this year, according to forecasts released this week by the U.S. Department of Agriculture. That represents nearly a 30 percent drop in production in New Mexico from the year before.
Nestle S.A., the world's biggest food and drink company, reported a 3-percent drop in group sales for the first nine months of the year, impacted by weakness in currencies against the Swiss franc and other costs.
Morton Salt announced it is expanding its iconic Morton® brand, product offerings and capabilities in China through a strategic collaboration with Morton China National Salt (Shanghai) Salt Co. Ltd., a Chinese joint venture.
Westchester, Illinois-based Ingredion Inc. is buying specialty ingredients company Penford Corp. to help address areas that consumers are growing increasingly interested in, such as nutrition and gluten-free eating.
The Labor Department said the producer price index fell 0.1 percent in September from the previous month. The falling food costs lowered the prices that U.S. companies received for their goods and services.
Thanks to warmer weather and farmers' efforts to sterilize their operations, the porcine epidemic diarrhea virus has waned. As pig numbers increase, steep prices on things like bacon should ease.
Molson Coors and Miller Brewing announced that they have settled amicably their litigation in Toronto arising from the Licence Agreement for the Miller trademark brands in Canada. Miller will regain the rights to distribute the beers on April 1.
If your organization does, in fact, require an entirely new plant, here are five factors to consider that will help keep you on track during your site-selection process.
Recent declines suffered by Pepsi and Coke in Mexico underscore why the beverage industry is fighting tax proposals on sugary drinks in in San Francisco and nearby Berkeley. It's not yet clear whether the taxes' impact on consumption will last.
A recent study tracked the price of 94 key food and beverage items from 2002 to 2012. Its findings show that more healthy foods were consistently more expensive than less healthy foods, and have risen more sharply in price over time.
The world's largest snack maker posted earnings of $2.01 billion for the period ended Sept. 6. That compares with $1.91 billion a year earlier. The company has been able to strengthen its pricing to boost gross margins, even with economic growth stagnating overseas.
The descendants of a woman who they say portrayed Aunt Jemima are suing Quaker Oats for $2 billion over profits they claim the company promised to their great-grandmother.
Hamdi Ulukaya, founder and CEO of Chobani, is giving $2 million to refugees displaced by the terrorist group ISIS.
Snack food manufacturer Calbee North America will set up a factory in a former BMW warehouse in Senatobia, Mississippi. Officials say the company will invest $51.1 million and will create 254 jobs over the next five years.
SodaStream has touted its machines as a cheaper, more environmentally friendly alternative to buying bottled or canned drinks such as Coke and Pepsi. It has been trying to make a splash in the U.S. and advertised in the last two Super Bowls.
In the initial two- to three-year phase, the new plant will operate four biscuit-manufacturing lines with a total capacity of nearly 90,000 tons per year. That's the equivalent of about nine-times the weight of the Eiffel Tower in Paris. Like other, state-of-the-art Mondelez International plants, the facility is scalable.
The world's largest beverage maker, Coca-Cola, said Wednesday its long-term incentive program will now distribute the company's shares to a smaller group of executives, while the rest will be rewarded with cash bonuses instead.
The Minneapolis company that owns Betty Crocker and Green Giant brands said in a regulatory filing that the 700 to 800 job cuts will take place mostly in the U.S. This is the second time General Mills has trimmed its workforce in a month.
The 91-year-old billionaire owner of Dole Food Co. said Tuesday he is committing $15 million a year in perpetuity to sustain a North Carolina research institute named after him devoted to improving human health through scientifically honed nutrition.
The Swiss-based food and drink company Nestle SA is selling two baby food brands in Germany to an investor consortium for an undisclosed sum. The company says it plans to concentrate its baby food business in Germany and Austria.
Sabra Dipping Co. is doubling its production capacity and creating 70 jobs in 2015 by expanding its Virginia operations. Sabra first opened its factory in 2010, making 4,000 tons of hummus monthly.
It looks like the Obama administration has finally thrown down the gauntlet with companies moving their headquarters overseas.
North Dakota's state-owned flour mill is currently undergoing a $27 million expansion that will make it the largest wheat-grinding factory in the U.S. The mill's manager said the expansion is necessary to meet growing flour demand.
The company revealed its plans to invest about $30 million to transform two historic buildings into the production facility and tourist attraction along a stretch of downtown Louisville that was known as "Whiskey Row" from the city's liquor-making heyday.
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