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Cargill Releases Annual Report
Fiscal 2020 was a year like no other. In such a challenging environment, Cargill has anchored to its purpose and values. The company exists to nourish the world in a safe, responsible and sustainable way. Despite challenges facing the food and ag system and disruptions from the COVID-19 pandemic, Cargill’s FY 2020 annual report, Nourishing the World, demonstrates how the team’s resiliency and agility helped to keep supply chains moving to put food on family tables around the globe.
“The last year taught us that we are capable of so much more than we previously thought. We can move faster, with more agility, navigating a crisis while keeping our people’s wellbeing front and center,” said David MacLennan, Cargill’s chairman and CEO. “We are grateful to our employees, customers and...
Seaboard Foods: 2019 Marked by "Uncertainty and Volatility" in Pork Division
In a letter to stockholders in Seaboard Corporation's annual report (see below), President and CEO Steven Bresky highlighted that 2019 was a year marked by uncertainty and volatility for the pork division, oversupply coupled with flat domestic consumption and modest export growth generally kept commodity prices at bay in the turkey segment, and the grain milling segment achieved its highest revenue year ever. See the full annual report here.
Dear Fellow Stockholders,
Despite a solid year of net earnings, 2019 was a mixed bag with disappointing operating income but excellent investment income. We began the year with a $34 million first-quarter operating loss, our worst quarterly operating loss ever. In fact, over the last twenty-five years, there have only been...
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