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Archer-Daniels-Midland’s earnings shrunk to the lowest level since the pandemic as a difficult crop trading market is complicated by mounting trade and biofuel policy uncertainty.

The company's shares slumped the most since 2023 as investors shrugged off stronger-than-expected quarterly earnings to focus on deepening losses at its beef business.

Archer-Daniels-Midland Co. said it will reduce its workforce as the company expects profits to decline for a third straight year.

Tyson Foods will shut a meat plant in Kansas next year, eliminating 809 jobs, as the company seeks to slash costs amid a downturn in the beef industry.

JBS, the biggest global meat producer, is reaping the benefits of a world that’s eating more chicken, sending demand surging and helping the company post its best quarterly profit in two years.

Tyson Foods said Curt Calaway has been named chief financial officer, replacing company heir John R. Tyson.

Companies including Tyson Foods and JBS SA, which control a sizable chunk of global meat supplies, are set to report a spike in earnings for the quarter ended in June as a rebound in poultry profits counterbalances a downturn in their U.S. beef operations.

Archer-Daniels-Midland Co. — working to put an accounting scandal behind it — has hired a 3M Co. executive to oversee its finances and help restore its credibility with shareholders.

Archer-Daniels-Midland Co.’s shares slumped as the agribusiness giant warned of pressured margins for the remainder of the year, even as quarterly earnings beat estimates.

Archer Daniels Midland Co. has agreed to supply biochemical maker Solugen Inc. with raw materials needed to make plant-based acids at a plant to be built in southwest Minnesota.