Insights and Stories on Maple Leaf

Mar. 24, 2020 at 1:16 pm CDT

Chicago | Reuters –– North American meat processors said on Monday they would pay extra money to farmers and slaughterhouse workers as the companies scramble to meet surging demand from consumers unnerved by the spread of the new coronavirus. Companies such as Tyson Foods and Cargill want to ensure their […]

By Tom Polansek

Nov. 27, 2019 at 7:25 pm CST

Fast-food chicken chain KFC is collecting feedback from a one-day, one-store test of a new Canadian-made plant-based “fried chicken” product for the Canadian market. The Canadian arm of the Yum Brands-owned chain set up a “limited” test run for what it calls KFC Plant-Based Fried Chicken at its 6055 Creditview […]

By GFM Staff

Sep. 11, 2019 at 5:22 am CDT

Winnipeg/Chicago | Reuters — Bunge, one the world’s biggest grain traders, recently disclosed the 1.6 per cent stake it had purchased in the fast-growing fake-meat startup Beyond Meat. The play looked smart after the stock surged more than 250 per cent since the faux burger and sausage maker’s initial public […]

By Rod Nickel, Tom Polansek

May. 2, 2019 at 2:54 pm CDT

Reuters — Packaged meat producer Maple Leaf Foods reported a lower-than-expected quarterly profit on Thursday, hit by higher costs as it invested more in new initiatives and capacity expansion. The company has been keen on expanding in the U.S., seeing growth opportunities in humanely raised animal products and alternative protein […]

By Reuters

Feb. 28, 2019 at 4:29 pm CST

Reuters — Packaged meat producer Maple Leaf Foods missed analysts’ estimates for quarterly profit on Thursday, as weak pork prices offset growth in its prepared meats business. Pork prices have taken a beating from the Sino-U.S. trade war, with China’s retaliatory tariffs affecting demand from the South Asian country, which […]

By Reuters