From the editors of Feedstuffs
Elanco receives FDA approval for three combinations in finishing heifers
Elanco Animal Health announced that it is making significant progress on its four-pillar livestock sustainability strategy, delivering new innovations to the farmers as well as advocating and changing the narrative on cattle from climate culprit to part of a sustainability solution for producers seeking to lower emissions.
As part of this effort, Elanco has been working to expand access to innovations that can reduce livestock’s environmental footprint. Most recently, the Food & Drug Administration approved three combination clearances of Elanco’s Experior and MGA in finishing heifers.
FDA approved combination feeding of:
Experior and MGA.
Experior, Rumensin and MGA.
Experior, Rumensin, Tylan Premix and MGA.
Experior is the first FDA-approved product with a gas emissions claim to help reduce ammonia gas emissions per pound of live weight and hot carcass weight for beef steers and heifers fed in confinement, the news release noted.
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K-State picked to manage USAID climate lab
Kansas State University officials announced that a multimillion-dollar award from the U.S. Agency for International Development (USAID) will support work by researchers on multiple continents to make agriculture more resilient to varying management practices, climates and extreme weather events.
The university was selected as the management entity for the Climate Resilient Sustainable Intensification Innovation Lab (CRSIIL), as part of USAID's Feed the Future program, with funding of up to $50 million over the next five years.
Feed the Future deputy coordinator for development Dina Esposito announced the award during the recent World Food Prize in Des Moines, Iowa.
"The Feed the Future innovation lab network, including these newly funded labs, will advance technology development and draw on the expertise of top U.S. universities and host country research institutions to tackle some of the world's greatest challenges in agriculture and food security," said Esposito.
Global meat processing company JBS ended Q3 2024 with $2 billion in EBITDA, a free cash flow of $1 billion and a net profit of $693 million.
“The third quarter results for 2024 reaffirm our positive outlook for the year, highlighting once again the strength of JBS’ global, multi-protein platform, the quality of our team, and our focus on operational excellence,” said JBS Global CEO Gilberto Tomazoni. “Net Revenue was a record US$19.9 billion. During this period, EBITDA reached US$2.2 billion, with a consolidated margin of 10.8% – marking a nearly five percentage point increase compared to the same quarter in 2023.”Even with the enhanced pressure on margins due to the cattle cycle, JBS says it remains focused on operational and commercial execution to protect its profitability. The company says it is taking action to improve pricing, optimize the product mix, increase yield per carcass, and increase manufacturing efficiency.
In the U.S. pork market, the company says the rise in revenue is a result of higher sales volume, driven by strong seasonal demand. Pork consumption is also being favored over beef due to high level pricing.In the international market, USDA data shows a 9% increase YTD in pork export sales, largely in part to Mexico, South Korea and Colombia.
Maple Leaf Foods makes significant strides in Q3, driven by prepared meats business
Maple Leaf Foods Inc. has reported its financial results for the third quarter ending Sept. 30, and provided an update on its new tax-free structure for the spin-off of its pork business, to be known as Canada Packers.
"In the third quarter of 2024, we made significant strides in executing our strategic playbook, achieving strong results in a challenging consumer landscape," said Curtis Frank, president and CEO of Maple Leaf Foods. "Our sales increased by 1.8%, driven by over 3% growth in our prepared meats business, while Adjusted EBITDA rose to $141 million.
Florida man pleads guilty to biofuel fraud conspiracy
A Florida man has pleaded guilty for his role in a scheme that generated over $7 million in fraudulent Environmental Protection Agency (EPA) renewable fuels credits and sought over $6 million in fraudulent tax credits connected to the purported production of biodiesel. According to court documents, Royce Gillham was the general manager of a biofuel company based in Fort Pierce, Florida, that produced and sold renewable fuel and fuel credits and claimed to turn various feedstocks into biodiesel. When reporting the number of gallons produced to the IRS and EPA, Gillham and his employer vastly overstated their production volume in an effort to generate more credits. False information about fuel production and customers was also provided.
dsm-firmenich, Format Solutions form alliance
dsm-firmenich’s Animal Nutrition & Health division, alongside Format Solutions, a leading provider of integrated formulation and feed ERP software, have announced a strategic alliance aimed at quantifying and managing the environmental impact of animal feed.
FDA approves Merck dewormer for backyard chickens
Merck Animal Health – known as MSD Animal Health outside of the U.S. and Canada – the global animal health business of Merck & Co. Inc., announced U.S. Food and Drug Administration approval of SAFE-GUARD AQUASOL (fenbendazole oral suspension) for use in backyard chicken flocks, making it the only FDA-approved chicken dewormer designed for home use.Read more
Poultry processing occupational incident rate dropsThe incidence of occupational injuries and illnesses within the poultry sector’s slaughter and processing workforce in 2023 has fallen below all general industry, manufacturing and food manufacturing levels for the first time since the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) began recording injuries and illnesses information in 1994.
