Poultry producer Pilgrim’s Pride is offering to purchase Hillshire Brands in an all-cash transaction valued at $6.4 billion on the condition that the brand forfeits its plans to acquire Pinnacle Foods.
The South Dakota Supreme Court ruled last week to allow the Beef Products, Inc’s (BPI) lawsuit against the American Broadcasting Network (ABC) for its news coverage of the company’s lean, finely textured beef product.
USDA Secretary Tom Vilsack reported on recent trade developments with Mexico following a panel discussion at the Global Forum on Agro Food Expectations in Mexico City.