Latest news with #CarVe
Yahoo
an hour ago
- Business
- Yahoo
Cargill invests $90M to automate Colorado beef plant
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Cargill said it will invest close to $90 million in computer vision and other cutting edge technologies over the next few years at a Colorado beef plant, which will allow the food giant to get more meat out of each animal. The company plans to implement a proprietary automated solution called CarVe at its plant in Fort Morgan. The technology uses computer vision to measure red meat yield in real time, helping employees improve cutting techniques and reduce waste. The technology allows Cargill to preserve more meat at a time when cattle supply is at its lowest point in decades. Cargill has invested nearly $24 million in tech upgrades at the Fort Morgan facility since 2021. Cargill has looked to automate some of its processes to improve production efficiencies and make operations safer for employees. The company has implemented more than 100 projects across 35 facilities in North America as part of its Factory of the Future initiative. The latest project at Fort Morgan is designed to improve the meat cutting process by allowing for real-time production insights. Frontline managers can use the technology to instantly share feedback with employees, improving processes that can boost meat production per cow. 'Now, we're making decisions in the moment and saving product that would've been lost,' Jarrod Gillig, senior vice president of Cargill's North American Beef business, said in a statement. '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.' As the U.S. grapples with a significant cattle shortage, meat producers have invested to expand processing capabilities as a way to increase production. Even a 1% yield improvement can save hundreds of millions of pounds of meat, Cargill said in a statement. Cattle prices are expected to reach new highs in 2026 as ranchers struggle to rebuild herds from years of drought and high input costs. U.S. beef production is expected to decline in 2026 by 5% year over year, according to the Department of Agriculture. Cargill competitor JBS, the world's largest meat producer, said in February that it would spend $200 million to expand U.S. beef production as it prepares for supply to eventually rebound. In addition to the technology upgrades at the Fort Morgan plant, Cargill is investing to address labor constraints by backing a $40 million development project for employee housing. Recommended Reading JBS spends $200M to expand US beef production Sign in to access your portfolio
Business Wire
5 days ago
- Business
- Business Wire
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 and our News Center.
Yahoo
5 days ago
- Business
- Yahoo
Cargill to Invest $90 Million in Fort Morgan, Colo. Beef Plant
Move will improve operational efficiencies, increase yields and make facility even safer MINNEAPOLIS, June 05, 2025--(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 and our News Center. View source version on Contacts Media Contact: media@
