
Cargill to Invest $90 Million in Fort Morgan, Colo. Beef Plant
MINNEAPOLIS--(BUSINESS WIRE)--Cargill announced today it is investing nearly $90 million in automation and new technologies at its Fort Morgan, Colo. beef plant as part of its Factory of the Future initiative. The enhancements, which will take place over the next several years, will help Cargill continue to improve operational efficiencies, increase yields and make the Fort Morgan facility even safer and more inclusive for employees. The company has already invested nearly $24 million in technology upgrades at Fort Morgan since 2021.
One of the first and most revolutionary automated solutions to be implemented at the Fort Morgan plant will be CarVe, Cargill's proprietary, patent-pending computer vision technology. CarVe measures red meat yield in real time, giving frontline managers instant insights and the ability to share feedback with employees to improve their cutting technique.
CarVe helps keep more protein in the food system that otherwise would be lost in the process. According to the USDA, the U.S. produces more than 27 billion pounds of beef annually. Even a one percent yield improvement can save hundreds of millions of pounds of meat. And with the U.S. cattle supply at its lowest level in years, improving yield matters more than ever.
'Before CarVe, yield data was always yesterday's news,' said Jarrod Gillig, senior vice president of Cargill's North American Beef business. 'Now, we're making decisions in the moment and saving product that would've been lost. By applying smart technology to the problem, we're getting more meat from every animal, reducing waste, and making protein production more efficient and sustainable from start to finish.'
Gillig noted that Cargill has also invested in the community of Fort Morgan and its people there. To help address a regional housing shortage, the company has backed a $40 million development project for employee housing. This includes 27 townhomes which have already been built and an apartment complex with 81 units set to open in the Fall. And Cargill has provided more than $500,000 in grants to local organizations, including the United Way, to support additional childcare options and other programs that help address the regional housing issue like first-time home buyer classes.
'Fort Morgan plays an important part in Cargill's critical role as a food company to the nation and the world,' said Gillig. 'By partnering with local ranchers and farmers in Colorado and the region, we're working hard to produce more food with less impact there so we can move it to store shelves and ultimately family dinner tables across the country.'
About Cargill
Cargill is committed to providing food, ingredients, agricultural solutions, and industrial products to nourish the world in a safe, responsible, and sustainable way. Sitting at the heart of the supply chain, we partner with farmers and customers to source, make and deliver products that are vital for living.
Our approximately 160,000 employees innovate with purpose, providing customers with life's essentials so businesses can grow, communities prosper, and consumers live well. With 160 years of experience as a family company, we look ahead while remaining true to our values. We put people first. We reach higher. We do the right thing—today and for generations to come. For more information, visit Cargill.com and our News Center.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
How the World's Wealthy Got Larger and Richer in 2024
With U.S. stocks booming, North American wealthy led the way globally. And the top 1% of wealthy globally—the so-called ultrarich—fared even better. This year looks tougher.
Yahoo
an hour ago
- Yahoo
USDA redaction of trade analysis causes concern about report integrity
By Julie Ingwersen and Leah Douglas CHICAGO/WASHINGTON (Reuters) - Analysts voiced concerns this week about the integrity of U.S. Department of Agriculture reports after the agency delayed a report and excluded findings that point to tariffs as a reason for a forecasted increase in the agricultural trade deficit, according to Reuters interviews with four analysts. The administration of President Donald Trump has pledged to shrink the farm trade deficit and has said tariffs will strengthen the farm economy, but farm groups have been critical of the approach. The agency's delay of a quarterly agricultural trade report and exclusion of its typical explanatory text were concerning because the moves raised questions about the objectivity of the data, two analysts said. "The trade is uneasy about USDA statistics now," said Charlie Sernatinger, head of grains with Marex, a brokerage and financial services company. A USDA spokesperson said the report was delayed by an internal review. "The report was hung up in internal clearance process and was not finalized in time for its typical deadline. Given this report is not statutory as with many other reports USDA does, the department is undergoing a review of all of its non-statutory reports, including this one, to determine next steps," the spokesperson said. The quarterly trade outlook report jointly published by the USDA's Economic Research Service and Foreign Agricultural Service was scheduled to be released on May 29. Shortly before it was set to publish, its authors were told to stop its release, according to a source familiar with the situation. The authors were then questioned by leaders at the ERS, FAS and USDA Office of the Chief Economist about the report's attribution of the growing agriculture trade deficit to tariffs and sentiments like "Buy Canadian" that have reduced demand for U.S. goods, the source said. In the delayed report released on Monday, the USDA raised its forecast of the U.S. agriculture trade deficit for fiscal-year 2025 to $49.5 billion, from the $49 billion it previously forecast in February. The version of the report published on Monday contains correct and unaltered data, the source said, but excludes explanatory text typically contained in the forecasts. The report delay and redaction were first reported by Politico. Such trade reports would typically be reviewed by communications and policy staff, but the removal of the explanatory text was highly unusual, according to a second source familiar with the report publication process. Two other analysts said they were confident in the USDA data for now, but expressed concern about how Trump's disruption of the federal government could affect future reports. "Departures of key personnel limit the ability of agencies to collect and analyze information," said Patrick Westhoff, director of the Food and Agricultural Policy Research Institute at the University of Missouri. The USDA has lost about 27% of ERS employees and 14% of FAS employees to terminations or voluntary incentives to leave the agency as the Trump administration works to reduce the size and cost of the federal government, according to Reuters reporting. The U.S. had an agricultural trade surplus for decades but in recent years, imports of high-value goods like alcohol, fruits and vegetables have driven a growing deficit, according to USDA data. Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
2 hours ago
- Yahoo
Conagra to sell seafood brands Van de Kamp's and Mrs. Paul's for $55M
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Conagra Brands reached a deal to sell its Van de Kamp's and Mrs. Paul's brands to seafood producer High Liner Foods for $55 million. The transaction allows Conagra to "further focus our efforts on strengthening our core frozen offerings," Sean Connolly, Conagra's president and CEO, said in a statement. The two frozen seafood brands contributed approximately $75 million to Conagra's fiscal year 2024 net sales. The sale marks the latest divestiture for the Chicago-based food manufacturer as it aims to streamline its portfolio and lower its debt. Earlier this week, Conagra closed on the sale of Chef Boyardee to Hometown Food for $600 million. Conagra's portfolio is built around snacks and frozen foods, which includes Healthy Choice, Birds Eye and Marie Callender's. The sale of Van de Kamp's and Mrs. Paul's shows the company is aiming to distance itself from a seafood category that has little overlap with the rest of its frozen offerings. Van de Kamp's and Mrs. Paul's are minor contributors to Conagra's business, which posted $12.1 billion in net sales during its 2024 fiscal year. "This divestiture reflects our continued commitment to reshaping our portfolio and investing where we see the best opportunities for growth and innovation," Connolly said in a statement, adding that Van de Kamp's and Mrs. Paul's operated largely as a standalone business. Van de Kamp's and Mrs. Paul's are leading brands in the U.S. frozen breaded and battered seafood category, Conagra said. The transaction, which does not include employees or manufacturing facilities, is expected to close by the end of July. Proceeds will be used to reduce debt. High Liner is already familiar with the fish brands it will be adding to its portfolio. It currently co-manufactures products for Mrs. Paul's and Van de Kamp's brands at its U.S. manufacturing facilities. The Canadian company is a top North American processor and marketer of frozen seafood under brands such as High Liner, Fisher Boy, Mirabel, Sea Cuisine and Catch of the Day labels. Recommended Reading Conagra to sell Chef Boyardee to private equity firm for $600M Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data